Employment of U.S Sample Clauses

Employment of U.S. Employees. As of or prior to the Closing, but subject to the consummation of the transactions contemplated by this Agreement, JAKKS US shall offer full-time or temporary employment to (or cause AdvanTech to offer or continue full-time or temporary employment of, and obtain from AdvanTech pursuant to the service agreement referred to in Section 6.3(k) the services of) each of the individuals who is co- employed by the Company and PA Distribution, other than the Stockholders who are entering into the Employment Agreements, on the Closing Date and identified on Schedule 7.5(a) hereto (each, a "US Offer Employee"), in accordance with the following provisions: (i) the date on which the employment by Purchasers (or first receipt by Purchasers through AdvanTech of the services of) each US Offer Employee who accepts such offer of employment shall become effective (the "US Effective Date of Employment") shall be the first day after the Closing Date (each such US Offer Employee who becomes so employed by (or whose services are supplied by AdvanTech to) JAKKS US hereinafter being referred to as a "US Hired Employee" from and after the US Effective Date of Employment), (ii) the initial salary and base wage compensation payable to each US Hired Employee as of the US Effective Date of Employment shall be not less than the amount set forth on Schedule 4.18(c) for such US Hired Employee, (iii) JAKKS US shall (or shall cause AdvanTech to) provide the US Hired Employees with employee benefits that are, in the aggregate, comparable to those benefits provided to similarly situated employees of JAKKS, (iv) JAKKS US shall (or shall cause AdvanTech to) credit for purposes of such employee benefits (including vacation and all other terms and conditions of employment dependent in whole or in part on service or seniority) all applicable service of such US Hired Employees with the Company and PA Distribution, and (v) for each US Offer Employee on leave of absence as of the Closing Date, or who was terminated prior to the Closing Date subject to reemployment or reinstatement rights in effect as of the Closing Date, JAKKS US shall (or shall cause AdvanTech to) reemploy or reinstate such US Offer Employee as a US Hired Employee to the same extent as the Company or PA Distribution would be required to reemploy or reinstate such individual but for the transaction contemplated by this Agreement.
Sample 1
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Related to Employment of U.S

  • Employment of Executive Employer hereby agrees to employ Executive, and Executive hereby agrees to be and remain in the employ of Employer, upon the terms and conditions hereinafter set forth.

  • 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 Term of Employment Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, as Controller and Secretary for a term (the "Term of Employment") beginning on the date first set forth above (the "Effective Date") and ending on the Expiration Date (defined below). As used in this Agreement, "Expiration Date" means the first anniversary of the Effective Date, provided that on each anniversary of the Effective Date (each such anniversary being referred to as a "Renewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

  • 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.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Term of Employment and Termination The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Amendment of Employment Agreement The Employment Agreement is hereby amended as follows:

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