Employees to be Hired by Buyer Sample Clauses

Employees to be Hired by Buyer. Buyer shall provide Seller, at ------------------------------ least thirty (30) days prior to the Closing Date (but not earlier than ten (10) days following Buyer's receipt of an executed copy of this Agreement with Schedule 5.16 attached), a written list of the names of all of the System's current employees, if any, to be hired as employees of Buyer after the Closing Date (a "Transferred Employee"). It is clearly understood that Buyer has no obligation to employ any of Seller's employees, and that Seller will be responsible for all amounts owed to any employee terminated on or before the Closing Date, including but not limited to wages, salaries, sick pay, accrued vacation or other benefits, or payments on account of the termination. Effective upon the Closing, Seller will terminate all employees of the System who will not remain employees of Seller after the Closing (including any Transferred Employee), and will pay to all such employees all wages, salaries, sick pay, and other benefits accruing through the Closing Date (except for accrued vacation to the extent included in the adjustments to the Purchase Price pursuant to Section 4.1), along with any payments due on account of the termination. Each Transferred Employee shall be eligible to participate in Buyer's employee benefit plans as of the first day of the month following the month during which the Closing occurs (except with respect to Seller's 401(k) plan, eligibility for participation in which will begin on the January 1 or July 1 first following the Closing Date).
Sample 1
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Employees to be Hired by Buyer. Employees and Compensation Rates EMPLOYEE and ROLE COMPENSATION RATE Xxxxxxx Xxxxxxx, Graphic Design, Marketing $36,000 per annum Xxxxxx Xxxxx, Rebate Researcher $15.00 per hour Xxxxx Xxxxxxx, Director of Operations $82,000 per annum Xxxxx Xxxxx, Director of Product $82,000 per annum Xxxxxxx Xxxxxxx, Project Manager $36,000 per annum Xxxxxxx Xxxxxx $26,000 per annum
Sample 1
Employees to be Hired by Buyer. Schedule 5.9 is a complete list of all employees of Sellers that Buyer intends to hire as of the Closing Date (the “Transferred Employees”). Sellers shall be fully responsible for (i) all sums due to the Transferred Employees for any period prior to the Closing Date (including but not limited to salary, bonus and benefits) and (ii) all sums due to any other employees of Sellers.
Sample 1

Related to Employees to be Hired by Buyer

  • Solicitation of Employees, Consultants and Other Parties I agree that during the term of my Relationship with the Company, and for a period of twenty-four months immediately following the termination of my Relationship with the Company for any reason, whether with or without cause, I shall not either directly or indirectly solicit, induce, recruit or encourage any of the Company’s employees or consultants to terminate their relationship with the Company, or attempt to solicit, induce, recruit, encourage or take away employees or consultants of the Company, either for myself or for any other person or entity. Further, during my Relationship with the Company and at any time following termination of my Relationship with the Company for any reason, with or without cause, I shall not use any information rising to the level of a trade secret of the Company: (i) to attempt to negatively influence any of the Company’s clients or customers from purchasing Company products or services; (ii) to solicit or influence or attempt to influence any client, customer or other person either directly or indirectly; or, (iii) to direct any of the Company’s clients or customers to purchase products and/or services – from any person, firm, corporation, institution or other entity in competition with the business of the Company.

  • Employee’s Representations Employee represents and warrants that Employee is free to enter into this Agreement and to perform each of the terms and covenants in it. Employee represents and warrants that Employee is not restricted or prohibited, contractually or otherwise, from entering into and performing this Agreement, and that Employee’s execution and performance of this Agreement is not a violation or breach of any other agreement or other legal obligation between Employee and any other person or entity.

  • EMPLOYEE’S REPRESENTATION The Executive represents and warrants to the Company that: (a) he is subject to no contractual, fiduciary or other obligation which may affect the performance of his duties under this Agreement; (b) he has terminated, in accordance with their terms, any contractual obligation which may affect his performance under this Agreement; and (c) his employment with the Company will not require him to use or disclose proprietary or confidential information of any other person or entity.

  • Other Company Benefits Executive and, to the extent applicable, Executive’s spouse, dependents and beneficiaries, shall be allowed to participate in all benefits, plans and programs, including improvements or modifications of the same, which are now, or may hereafter be, available to other executive employees of Company. Such benefits, plans and programs shall include, without limitation, any profit sharing plan, thrift plan, health insurance or health care plan, life insurance, disability insurance, pension plan, supplemental retirement plan, vacation and sick leave plan, and the like which may be maintained by Company. Company shall not, however, by reason of this paragraph be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such benefit plan or program, so long as such changes are similarly applicable to executive employees generally.

  • SERVICES TO BE RENDERED BY SUB-MANAGER (a) The Sub-Manager, at its expense, will furnish continuously an investment program for that portion of any Fund the management of which is allocated from time to time by the Manager to the Sub-Manager (an “Allocated Sleeve”). The Manager shall, in its sole discretion, determine which Funds will have an Allocated Sleeve and the amount of assets allocated from time to time to each such Allocated Sleeve; provided that, with respect to any Fund, the Trustees of such Fund must have approved the use of the Sub-Manager prior to the creation of an Allocated Sleeve for such Fund. The Sub-Manager will determine what investments shall be purchased, held, sold or exchanged by any Allocated Sleeve and what portion, if any, of the assets of the Allocated Sleeve shall be held uninvested and shall, on behalf of the Fund, make changes in the Fund’s investments held in such Allocated Sleeve.

  • SERVICES TO BE RENDERED BY SUB-ADVISER TO THE FUND (a) Subject to the direction and control of the Board of Trustees (the "Trustees") of the Trust, the Sub-Adviser, at its expense, will furnish continuously an investment program for the Fund which shall at all times meet the diversification requirements of Section 817(h) of the Internal Revenue Code of 1986 (the "Code"). The Sub-Adviser will make investment decisions on behalf of the Fund and place all orders for the purchase and sale of portfolio securities. The Sub-Adviser will be an independent contractor and will not have authority to act for or represent the Trust or Adviser in any way or otherwise be deemed an agent of the Trust or Adviser except as expressly authorized in this Agreement or another writing by the Trust, Adviser and the Sub-Adviser.

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