Employment Covenant. (a) He will not accept, engage, or commence employment with, or consult, contract or otherwise provide services (other than services as outside counsel but subject to Section 8 of this Agreement) to, any Competing Business within the Restricted Areas, and (b) during his employment, and for a period of six (6) months after he ceases to be employed by the Company, he will not accept, engage, or commence any services as outside counsel to any Competing Business.
Employment Covenant. As an inducement to cause the Company to enter into this Agreement, and for other consideration contained herein, Executive covenants and agrees that during his employment, and for a period of twenty-four (24) months after he ceases to be employed by the Company, regardless of the manner or cause of termination: He will not accept, engage, or commence employment with, or consult, contract, or otherwise provide services to any Competing Business within the Restricted Areas. Executive acknowledges, represents, and agrees that such restriction does not nor will not preclude him from earning a livelihood.
Employment Covenant. (a) Parent shall provide each employee of the Company with credit for all service with or credited by the Company under each of Parent's employee benefit plans, programs and arrangements for purposes of eligibility, vesting and, to the extent not prohibited by applicable regulation, calculation of benefits (except to the extent crediting such service would result in the duplication of benefits). Nothing herein obligates Parent to maintain any Plan, program or arrangement which it otherwise has the ability to terminate.
(b) Parent, at its discretion, shall cause the Surviving Corporation to either (i) provide for a period of one year after the Effective Time health and other welfare benefits that are substantially equivalent to those benefits provided to employees of the Company and its Subsidiaries on the date hereof; or (ii) provide health and other welfare benefits that are substantially equivalent to those provided to other employees of Parent and on the same terms and conditions as are applicable to other employees of Parent. Parent shall cause the Surviving Corporation to honor the terms of those employment, severance pay, retention bonus and long-term incentive award agreements of the Company and its Subsidiaries and the Deferred Compensation Plan of Pamida which are disclosed in Section 3.10 of the Disclosure Schedule.
Employment Covenant. The Company shall continue to comply with any applicable statute, law or regulation relating to equal employment opportunity and other laws related to employment, including but not limited to, the health and safety of such employees and any labor rights of such employees.
Employment Covenant. 46 SECTION 6.13 Financing............................................................................... 47
Employment Covenant. Parent shall provide each employee of the Company with credit for all service with or credited by the Company under each of Parent's employee benefit plans, programs and arrangements for purposes of eligibility, vesting and, to the extent not prohibited by applicable regulation, calculation of benefits (except to the extent crediting such service would result in the duplication of benefits). Nothing herein obligates Parent to maintain any Plan, program or arrangement which it otherwise has the ability to terminate.
Employment Covenant. Except as set forth on Schedule 7.07, neither SFC nor Archway shall employ, after the Closing, any person who is currently both an Officer of Archway and either a Seller or a Trustee of a Seller.
Employment Covenant. School agrees not to directly or indirectly hire Hospital's Therapists for a period of twelve (12) months from the last assignment with School. In the event a Therapist is employed by School within twelve (12) months of the Therapist's last assignment with School, School agrees to pay a fee of Twenty Thousand Dollars ($20,000.00) in consideration of the costs incurred by Hospital to recruit, orientate and retain its health professionals. School may provide written notice of intent to hire a Therapist and continue to utilize such Therapist's Services through Hospital during the twelve (12) month notice period. The twelve (12) month notification period will only start upon receipt by Hospital of School's formal written notification.
Employment Covenant. In order for the Landlord to comply with the requirements of the City of Brooklyn Park, Minnesota, set forth in Individual Development Agreement #1 dated October 20, 1997, Tenant agrees to report to Landlord the number of Qualifying Employees (as defined below) on or before November 1, 2003. The requirement of Tenant to report the number of qualified employees is material to the terms of this Lease. On or before June 30, 2005, Tenant shall provide Landlord with payroll evidence, or such other information as the Landlord shall find reasonably acceptable, of the number of Qualifying Employees (as defined below) who are employed within the Leased Premises. Failure by Tenant to report to Landlord the number of qualifying employees as specified in this covenant is a Default of the Lease and is subject to all remedies provided in Article 13 hereof.
Employment Covenant. As an inducement to cause the Company to enter into this Agreement, and for other consideration contained herein, Xxxxxxxx covenants and agrees that during his employment, and for a period of twenty-four (24) months after he ceases to be employed by the Company, regardless of the manner or cause of termination: He will not accept, engage, or commence employment with, or consult, contract, or otherwise provide services to any Competing Business within the Restricted Areas. Xxxxxxxx acknowledges, represents, and agrees that such restriction does not nor will not preclude him from earning a livelihood.
