Employment of Other Employees Sample Clauses

Employment of Other Employees. The Chief Executive Officer, with the consultation of the Chief Financial Officer and Chief Operating Officer, will be authorized to recruit, hire and dismiss employees other than the Officers in accordance with applicable laws and delegate such authority as appropriate to other officers and employees of the Company, all of which will be subject to the supervision and oversight of the Board of Directors.
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Employment of Other Employees. Purchaser will offer employment to all other employees (other than Members) of the Business on terms substantially equivalent to the salary and benefits provided to such employees by Seller. Any such employees so employed will be at-will employees terminable by Purchaser at any time with or without cause, subject to Purchaser’s normal termination policies considering the length of employment of such employee by Purchaser and Seller. Seller agrees to use its best efforts to assist Purchaser in hiring as its employees any employees of Seller under substantially similar terms to the terms under which such employee was employed by Seller. Purchaser will use its best efforts to obtain from X. Xxx Xxxxx, Xxx Xxxxxxxxxx and Xxxxxx Xxxxxxxxx a general release of all known or unknown claims either may have arising out of or in connection with performing services for the Company as an employee, agent and/or consultant (other than claims for indemnity under the Purchaser’s Articles of Incorporation or Bylaws which arise out of their respective actions taken in good faith as directors or officers of Purchaser).
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Employment of Other Employees. Acquiror, or any of its Subsidiaries, shall have executed and delivered to each employee of Target (other than the Major Shareholder) that has been extended an offer of employment with Acquiror or a Subsidiary of Acquiror, Acquiror’s standard form of employment agreement, confidentiality agreement and invention assignment agreement and
Sample 1
Employment of Other Employees. The Buyer will offer, conditioned upon the Closing, employment to the nine (9) individuals listed on Parts 2 and 3 of Schedule 1.3 hereto at the same salary and as they currently enjoy. Such employment will be subject to Buyer's receipt of acceptance of its employment offer by each of the named individuals. The terms of employment will be specified in the offer letters and these individuals will be eligible to participate in all benefit plans of Buyer on the same terms and conditions as all other similarly situated employees of Buyer.
Sample 1
Employment of Other Employees. Company will continue to employ the employees of Company identified on Schedule 5.2 (the "Other Employees") but is not obligated to enter into an employment agreement with any of the Other Employees or to employ any of the Other Employees for any length of time. As a condition to his or her continued employment, Purchaser may require that each Other Employee sign and deliver to Company an invention agreement in the form of Exhibit 5.2.
Sample 1
Employment of Other Employees. From and after the Closing, Planet will continue the employment of all employees of Antigen on terms substantially equivalent to the salary and benefits provided to such employees prior to the date hereof, including the implementation of a stock option plan to be agreed upon and described on Schedule 9(d) hereto prior to Closing. Any such employees shall be at-will employees terminable at any time with or without cause, subject to normal termination policies considering the length of employment of such employee.
Sample 1
Employment of Other Employees. In the case of employees of FSB ----------------------------- other than Xxxxx X. Xxxx and Xxxxxxx X. Xxxxxx, and provided they remain employed by FSB at the Effective Time, BancShares will attempt in good faith, but shall have no obligation, to locate suitable positions with FCB for which employment may be offered to all other employees of FSB. Any employment so offered to an employee of FSB shall be in such a position, at such location within FCB's state-wide branch system, and for such rate of compensation, as BancShares or FCB shall determine in its sole discretion. Each such person's employment shall be on an "at-will" basis, and nothing in this Agreement shall be deemed to constitute an employment agreement with any such person or to obligate BancShares or FCB to employ any such person for any specific period of time or in any specific position or to restrict BancShares' or FCB's right to terminate the employment of any such person at any time and for any reason satisfactory to it.
Sample 1
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Related to Employment of Other Employees

  • Employment of Others The company may from time to time request that the consultant arrange for the services of others. All costs to the consultant for those services will be paid by the company but in no event shall the consultant employ others without the prior authorization of the company.

  • Other Employment Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under this section 3, and the obtaining of any such other employment shall in no event result in any reduction of Company’s obligations to make the payments and arrangements required to be made under this section 3, except to the extent otherwise specifically provided in this Agreement.

  • Other Employees Except as may be required in the performance of Employee’s duties hereunder, Employee shall not cause or induce, or attempt to cause or induce, any person now or hereafter employed by the Company or any of its affiliates to terminate such employment. This obligation shall remain in effect while Employee is employed by the Company and for a period of one (1) year thereafter.

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

  • No Other Employment During his employment with the Company, the Executive shall not, except as otherwise provided herein, directly or indirectly, render any services of a commercial or professional nature to any other person or organization, whether for compensation or otherwise, without the prior written consent of the Executive Committee or the Board.

  • Former Employment 6.1 You represent and warrant that your employment by the Company will not conflict with and will not be constrained by any prior employment or consulting agreement or relationship. Subject to Section 6.2, you represent and warrant that you do not possess confidential information arising out of prior employment which, in your best judgment, would be utilized in connection with your employment by the Company in the absence of Section 6.2.

  • OUTSIDE EMPLOYMENT Employees may engage in other employment outside of their State working hours so long as the outside employment does not involve a conflict of interest with their State employment. Whenever it appears that any such outside employment might constitute a conflict of interest, the employee is expected to consult with his/her appointing authority or other appropriate agency representative prior to engaging in such outside employment. Employees of agencies where there are established procedures concerning outside employment for the purpose of insuring compliance with specific statutory restrictions on outside employment are expected to comply with such procedures.

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee’s employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee’s employment at any time in any lawful manner.

  • Employment and Employee Benefits Matters (a) Parent will cause the Surviving Corporation and each of its Subsidiaries, for the period commencing at the Control Time and ending on the first anniversary thereof (the “Continuation Period”), to (i) maintain for the individuals employed by the Company at the Control Time (the “Current Employees”) and who remain employees of the Surviving Corporation during the Continuation Period base compensation and target incentive compensation that is no less favorable to each Current Employee than such Current Employee’s base compensation and target incentive compensation immediately prior to the Control Time, and (ii) provide benefits that are of comparable economic value in the aggregate to the benefits provided by the Company as of immediately prior to the Control Time (excluding, for purposes of Section 6.4(a)(i) and (ii) equity and equity-based compensation, retention, stay, or transaction bonuses or similar arrangements); provided, however, that nothing in this Section 6.4 will be construed as an amendment to or prevent the amendment or termination of any particular Company Plan or employee benefit plan of Parent or any of its Subsidiaries, to the extent permissible thereunder, or interfere with the Parent’s or any of its Subsidiaries’ or the Surviving Corporation’s right or obligation to make such changes as are necessary to conform with applicable Law. Parent will cause the Surviving Corporation and each of its Subsidiaries to honor all obligations and agreements relating to 2010 Bonuses (as defined in Section 4.13(a) of the Company Disclosure Letter) as are, and to the fullest extent, set forth in Section 6.4(a) of the Company Disclosure Letter. During the Continuation Period, Parent will cause the Surviving Corporation to pay or cause to be paid, consistent with the Company’s past practice in similar circumstances, to each Current Employee (i) who is involuntarily terminated or (ii) in the case of any employee covered by an employment, change in control, severance or similar agreement or entitlement providing for benefits upon a voluntary termination for good reason, who terminates employment voluntarily for good reason as therein defined, severance in accordance with past practices, including with respect to bonuses.

  • 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.

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