Employment Arrangements. (a) Following the Closing PSC will initially offer employment as employees-at-will to all persons (other than physicians and such personnel as are specified in the Management Services Agreement, defined in Section 1.5 below) who are employees of Seller on the Closing Date; Seller's employees who become employed by PSC are hereinafter referred to as "Transferred Employees" and the physicians and such other personnel as are specified in the Management Services Agreement, but who will not become employed by PSC are hereafter referred to as the "Practice Employees."
Appears in 4 contracts
Samples: Asset Acquisition Agreement (Physicians Specialty Corp), Asset Acquisition Agreement (Physicians Specialty Corp), Asset Acquisition Agreement (Physicians Specialty Corp)
Employment Arrangements. (a) Following the Closing PSC will initially offer employment as employees-at-will to all persons (other than physicians and such personnel as are specified in the Management Services Agreement, defined in Section 1.5 below) who are employees of Seller on the Closing Date; Seller's employees who become employed by PSC are hereinafter referred to as "Transferred Employees" and the physicians and such other personnel as are specified in the Management Services Agreement, but who will not become employed by PSC are hereafter referred to as the "Practice Employees."
Appears in 1 contract
Samples: Asset Acquisition Agreement (Physicians Specialty Corp)
Employment Arrangements. (a) Following the Closing Closing, PSC will initially offer employment as employees-at-will to all persons (other than physicians and such personnel as are specified in the Management Services Agreement, defined in Section 1.5 below) who are non-medical employees of Seller on the Closing Date; . Seller's employees who become employed by PSC are hereinafter referred to as "Transferred Employees" and the physicians and such other personnel as are specified in the Management Services Agreement, but who will not become employed by PSC are hereafter referred to as the "Practice Employees."
Appears in 1 contract
Samples: Asset Acquisition Agreement (Physicians Speciality Corp)