Employment of Employees; Additional Employee Matters Sample Clauses

Employment of Employees; Additional Employee Matters. Purchaser and, as appropriate, other Purchaser Affiliates, will make good faith offers of employment effective as of 12:01 A.M on the Closing Date, contingent upon the consummation of the Transactions, with a commitment not to terminate, except for cause as reasonably determined by Purchaser (i.e., with a legitimate reason with respect to such employee’s job performance or conduct), any such employment for a period of at least one year following the Closing Date, to all of Sellers’ employees then providing services to the Healthcare Facilities in the MHP-TN REGION (“Employees”), for positions with comparable duties, responsibilities and job status (i.e. full-time, part-time, per diem, etc.) and at wages at least equal to wages earned by Employees actively employed the day before Closing as listed on Schedule 5.1(a). Notwithstanding the foregoing, Purchaser’s obligation to retain the Employees set forth in Schedule 5.1(b) in accordance with this Section 5.1 shall be limited to six months. Notwithstanding the foregoing, Purchaser shall not be required to offer to employ any medical transcriptionists currently employed by Sellers as set forth on Schedule 5.1(c) and will use reasonable efforts to cause all such persons to be offered employment by the third party transcription service engaged by Purchaser, and Purchaser may also elect not to make offers to categories of Employees other than medical transcriptionists if a vendor of Purchaser has agreed to make offers of employment to such Employees. All Employees who accept the Purchaser’s offer of employment shall be referred to herein as the “Hired Employees”. Further, notwithstanding the foregoing, Purchaser may elect in its sole discretion to terminate any Hired Employee without cause as defined herein prior to the expiration of the applicable twelve (12) or six (6) month period as set forth herein (“Retention Period”). For any such terminated Hired Employee who is not a Senior Management Employee, the Purchaser will provide such terminated Hired Employee with continuation of such Hired Employee’s then current salary and group health benefits at the same premium cost applicable to active employees for the greater of (i) the duration of the remaining Retention Period applicable to such terminated Hired Employee or (ii) the period for which the terminated Hired Employees would be eligible for such salary and benefits under Sellers’ severance pay policy (also known as Sellers’ Period of Notice Policy, and which...
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Related to Employment of Employees; Additional Employee Matters

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • Termination of Employee Plans The Company shall have provided Parent with evidence, reasonably satisfactory to Parent, as to the termination of the benefit plans referred to in Section 5.9.

  • Employee Matters and Benefit Plans 12 2.12 Receivables........................................................................................16 2.13

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Employee Matters; Benefit Plans (a) Except as required by applicable Legal Requirements, the employment of each of the Acquired Corporations’ employees is terminable by the applicable Acquired Corporation at will.

  • Employment Benefit Plans Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.

  • Employees; Benefit Plans (a) Following the Closing Date, BHB may choose to maintain any or all of the LSBG Benefit Plans in its sole discretion. Effective no later than the day immediately preceding the Closing Date, LSBG shall terminate any LSBG Benefit Plans for which participant consent is not required and that BHB has requested to be terminated by providing written notice to LSBG at least fifteen (15) days prior to the Closing Date. No later than the day immediately preceding the Closing Date, LSBG shall provide BHB with evidence that such LSBG Benefit Plans have been terminated. However, for any LSBG Benefit Plan terminated for which there is a comparable BHB Benefit Plan of general applicability (other than the defined benefit pension plan or any nonqualified deferred compensation plans or arrangements maintained by BHB), BHB shall take all reasonable action so that employees of LSBG shall be entitled to participate in such BHB Benefit Plan to the same extent as similarly-situated employees of BHB (it being understood that inclusion of the employees of LSBG in the BHB Benefit Plans may occur at different times with respect to different plans). BHB shall cause each BHB Benefit Plan in which employees of LSBG are eligible to participate to take into account for purposes of eligibility and vesting under the BHB Benefit Plans (but not for purposes of benefit accrual) the service of such employees with LSBG and its Subsidiaries to the same extent as such service was credited for such purpose by LSBG (other than for the defined benefit pension plan or any nonqualified deferred compensation plans or arrangements maintained by BHB); provided, however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits. Nothing herein shall limit the ability of BHB to amend or terminate any of the LSBG Benefit Plans or BHB Benefit Plans in accordance with their terms at any time; provided, however, that BHB shall continue to maintain the LSBG Benefit Plans (other than stock-based or incentive plans and the defined benefit pension plan and any nonqualified deferred compensation plans or arrangements) for which there is a comparable BHB Benefit Plan until the LSBG Employees are permitted to participate in the BHB Benefit Plans, unless such BHB Benefit Plan has been frozen or terminated with respect to similarly-situated employees of BHB or any Subsidiary of BHB.

  • Termination of Employees At closing the Vendor will terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closing.

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

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