Employment Agreements and Related Matters. (i) Immediately prior to the Effective Time, Republic and D&N Bank shall offer to employ Xx. Xxxxxx X. Butvilas pursuant to the form of Employment Agreement attached hereto as Exhibit 3.10(c)(i) (the "New Employment Agreement"). Simultaneously with the execution and delivery of the New Employment Agreement, (x) D&N shall cause Xx. Xxxxxxxx to execute and deliver an acknowledgment and release in the form attached hereto as Exhibit 3.10(c)(ii) (the "Acknowledgment"), and (y) as set forth in the Acknowledgment and upon his timely execution and delivery of the Acknowledgement, shall pay to Xx. Xxxxxxxx the sum provided for in the Acknowledgement. Upon and in consideration of the execution of the Employment Agreement by Republic and the payment of the sum provided for in the Acknowledgement, the Employment Agreement dated as of July 31, 1997, among D&N, D&N Bank and Xx. Xxxxxxxx, shall be deemed to be fully satisfied and terminated for all purposes. Republic represents and warrants to D&N that the form and substance of the New Employment Agreement is acceptable to it. D&N represents and warrants to Republic that the form and substance of the New Employment Agreement is acceptable to D&N Bank. D&N shall provide Republic with the amount of the sum to be paid to Xx. Xxxxxxxx pursuant to the Acknowledgement, and the supporting calculations therefor, not later than that date that is fifteen (15) days prior to the Closing Date.
Employment Agreements and Related Matters. Each of the Employment Agreements is in full force and effect (but for the Closing) and there is no default under it on the part of the employees party thereto. Each Employee who executed and delivered an Employment Agreement as contemplated in this Agreement shall have executed and delivered a Release in the form of Exhibit N, which is in full force and effect (but for the Closing).
Employment Agreements and Related Matters. (a) Each of Parent and Acquiror covenants and agrees, and after the Effective Time will cause Company and any successor to Company to agree, to honour and comply with the terms of those existing employment, severance and indemnification agreements or arrangements of Company which have been Publicly Disclosed by Company or which Company has disclosed in the Company Disclosure Letter, provided that nothing shall prevent the termination of any agreement that is terminable in accordance with its terms.
Employment Agreements and Related Matters. (i) Each of the Employment Agreements with those employees of Seller designated on Schedule 1 as being required to sign Employment Agreements on or before the date of this Agreement shall be in full force and effect (but for the Closing), there shall be no default under it on the part of the employees party thereto and such employees shall remain willing, and eligible under Federated’s normal hiring process, policies and procedures (interpreted by Federated in accordance with its past practices), to become employees of Federated (or its Subsidiaries) upon the Closing.
Employment Agreements and Related Matters. Buyer shall have entered into an Employment Agreement with each person listed on Schedule 3.1(d).
Employment Agreements and Related Matters. (a) On the Effective Date, the Merger Sub shall enter into mutually acceptable employment agreements on customary industry terms (the AEmployment Agreements@) with Xxxxx Xxxxxx and Xxxxxxx Xxxxxx and shall offer employment to other current employees of Cymedix designated by Xx. Xxxxxx upon notice to the Company not less than five days prior to the Closing (collectively, Cymedix Management). The obligations of the Merger Sub under the Employment Agreements shall be guaranteed by the Company. The Employment Agreement with Xx. Xxxxxx will provide for his appointment as President of the Merger Sub.
Employment Agreements and Related Matters. 4.10 Empire covenants and agrees, and after the Effective Time will cause Commonwealth or any of its subsidiaries, as the case may be, and any successor to Commonwealth to agree, to honour and comply with the terms of those existing employment and severance agreements of Commonwealth or any of its subsidiaries, as the case may be, which Commonwealth has disclosed in the Commonwealth Disclosure Letter.
Employment Agreements and Related Matters. Technetics is not a party to any employment agreements, consulting agreements, collective bargaining agreements, and pension, bonus, profit sharing, stock option, or other similar agreements except those listed on the Disclosure Schedule. Technetics is not liable for any amounts in respect of debts, wages, salaries or fees, accrued vacation, personal time off, or other normally accrued benefits (other than for the current pay period) due and owing to any of the officers, directors or employees of Technetics that are not reflected in the Pre-Closing Financial Statements. Technetics has no information indicating that any employee employed by Technetics at the Closing Date intends to terminate his or her employment relationship with Technetics within 60 days of the Closing Date. There do not exist any pending workers' compensation claims against Technetics that are not adequately provided for by insurance, or any pending employee claims alleging that the workplace of Technetics is unsafe or alleging that Technetics has engaged in unfair labor practices, employment discrimination or wrongful discharge.
Employment Agreements and Related Matters. At the time of the execution of this Agreement, Robert S. Engelman, Jr. shall enter into a new Employment Agreement ix xxx xxxx xx Xxxxxxx 0.00(d), to become effective at the Company Merger Effective Time (at which time his existing Employment Agreement shall be cancelled). As soon as practicable after the time of the execution of this Agreement, Mitchell Feiger shall enter into an Employment Agreement with Coal City xxx Xxxx Xxxx Bank, to become effective at the Company Merger Effective Time and be assumed by Avondale as the Surviving Corporation at such time, in such form as shall be reasonably acceptable to the Board of Directors of Avondale, which contract shall contain such provisions as are normal for a bank holding company of similar size.
Employment Agreements and Related Matters. Bowater covenants and agrees, and after the Effective Time will cause Avenor and any successor to Avenor to agree, to honour and comply with the terms of those existing employment and severance agreements of Avenor which Avenor has disclosed to Bowater in writing prior to the date hereof. Bowater also covenants and agrees, and after the Effective Time it will cause Avenor and any successor to Avenor to agree, that for a period of one year it will deal with any employees of Avenor whose employment may be terminated after the Effective Date in a fair and equitable manner consistent with the existing termination policies of Avenor as disclosed to Bowater in writing.
