Employment of Continuing Employees. Prior to the date hereof, Occam has delivered to ANI the names of those employees of ANI who would potentially be retained by ANI after the Effective Time (each a "Continuing Employee"). Occam shall negotiate in good faith with the Continuing Employees the terms of their employment with ANI following the Effective Time and the terms offered by Occam to a Continuing Employee shall provide for "at-will employment" and shall include title, base salary and benefits that are commensurate with those currently provided by Occam to its employees who are similarly situated to such Continuing Employee. Such list of Continuing Employees shall not be increased or decreased without the mutual consent of Occam and ANI. This provision shall not be construed as a guarantee of employment to a specific employee of ANI for any specific time period after the Effective Time.
Employment of Continuing Employees. National City acknowledges that each individual who is an employee of MAF or any MAF Subsidiary immediately prior to the Effective Time (a “Continuing Employee”) shall continue to be an employee of the SURVIVING CORPORATION or a MAF Subsidiary after the Effective Time. After the conversion of the Continuing Employees to National City’s welfare plans as contemplated by Section 6.5(d) below, each Continuing Employee, while employed by National City or a National City Subsidiary, shall continue to receive base pay and the benefits under the Eligible Plans that in the aggregate are no less favorable than the benefits under the Eligible Plans enjoyed generally by National City employees working in similar business lines.
Employment of Continuing Employees. PPD, MRL and the Shareholders ---------------------------------- agree to cooperate with one another and to use good faith efforts to cause the Continuing Employees to remain in the service of the Surviving Company following the Closing. PPD agrees that each Continuing Employee of the Surviving Company shall not lose any unpaid vacation time or personal time accrued as to MRL prior to the Closing Date. Subject to prudent business and personnel practices, PPD reserves the right to cause the Surviving Company to make necessary personnel or staffing adjustments following the Closing Date and, except as specifically provided in written employment agreements signed as a part of the transactions provided for in this Agreement, this Agreement shall not be construed to create contractual employment rights in any of such Continuing Employees other than as an employee terminable at will. Each of the Continuing Employees who continue as an employee of the Surviving Company following the Merger shall be required, as a condition of continued employment, to execute PPD's standard form of Proprietary Information and Inventions Agreement.
Employment of Continuing Employees. Prior to the date hereof, the Parties have delivered to one another the names of those employees of AccelPath and Technest who would potentially be retained by Technest after the Closing Date (each a “Continuing Employee”). Technest shall negotiate in good faith with the Continuing Employees the terms of their employment with Technest following the Closing Date and the terms offered by Technest to a Continuing Employee who was an employee of AccelPath prior to the Closing Date shall provide for “at-will employment” and shall include title, base salary and benefits that are commensurate with those currently provided by AccelPath to its employees who are similarly situated to such Continuing Employee. Such list of Continuing Employees shall not be increased or decreased without the mutual consent of AccelPath and Technest. This provision shall not be construed as a guarantee of employment to a specific employee of Technest or AccelPath for any specific time period after the Closing Date.
Employment of Continuing Employees. National City agrees that each Person who is an employee of Company or any Company Subsidiary as of immediately prior to the Effective Time (individually, a "Continuing Employee" and, collectively, the "Continuing Employees") shall be an employee of National City or one of its Subsidiaries as of the Effective Time. Following the Effective Time and through December 31, 2004, each Continuing Employee, while employed by National City or one of its Subsidiaries, shall continue to receive, as nearly as is practicable, the benefits such Continuing Employee would have received under the Company Employee Plans immediately prior to the Effective Time.
Employment of Continuing Employees. To the extent permitted by Law, each individual who is an employee of Harbor or any Harbor Subsidiary immediately prior to the Effective Time (a "Continuing Employee") shall be an employee of National City or one of its Subsidiaries as of the Effective Time. After the conversion of the Continuing Employees to National City's welfare plans as contemplated by Section 6.5(d) below, each Continuing Employee, while employed by National City or one of its Subsidiaries, shall continue to receive base pay and benefits under the Eligible Plans that in the aggregate are no less favorable than the benefits under the Eligible Plans enjoyed generally by National City employees working in similar business lines.
Employment of Continuing Employees. To the extent permitted by Law, National City agrees that it will use its reasonable best efforts so that each Person who is an employee of Fidelity or any Fidelity Subsidiary immediately prior to the Effective Time (individually, a "Continuing Employee" and, collectively, the "Continuing Employees") shall be an employee of National City or one of its Subsidiaries as of the Effective Time. After the conversion of the Continuing Employees to National City's welfare plans as contemplated by Section 6.5(d) below, each Continuing Employee, while employed by National City or one of its Subsidiaries, shall continue to receive base pay and benefits under the Eligible Plans that in the aggregate are no less favorable than the benefits under the Eligible Plans enjoyed generally by National City employees working in similar business lines.
Employment of Continuing Employees. Immediately after the Closing, IAI's employees (other than the Shareholders) shall receive the same salary they received immediately prior thereto. Notwithstanding the foregoing, APG reserves the right to make (or to cause the Surviving Corporation to make) necessary personnel or staffing adjustments following the Closing and, except as provided in Section 3.1, this Agreement shall not be construed to create contractual employment rights in any employees other than as employees terminable at will.
Employment of Continuing Employees. Company's and its Subsidiaries' staff as of the Closing shall continue as employees of the Surviving Corporation or its Subsidiaries, as the case may be, after the Closing ("CONTINUING EMPLOYEES"). Subject to prudent business and personnel practices, Buyer reserves the right to make (or to cause the Surviving Corporation to make) necessary personnel or staffing adjustments following the Closing and this Agreement shall not be construed to create contractual employment rights in any of such Continuing Employees other than as employees terminable at will.
Employment of Continuing Employees. Upon Closing, all existing employment agreements of the Corporation, other than the Xxxxxxxxx Employment Agreement, shall be deemed assumed by the Surviving Corporation. Prior to Closing, API shall be free to contact any of the officers or key employees of the Corporation who have written employment agreements with the Corporation, for the purpose of negotiating any modifications to such employment agreements as API and the affected officer or employee may mutually agree, provided all such modifications or amendments shall become effective only upon the Closing unless otherwise agreed by the Corporation. Except as otherwise provided in this Agreement, and subject to all employment agreements in existence on Closing, API reserves the right to make (or to cause the Corporation or the Subsidiary to make) necessary personnel or staffing adjustments following the Closing and this Agreement shall not be construed to create contractual employment rights in any employees other than as employees terminable at will.
