Common use of Employment Offers to Active Employees Clause in Contracts

Employment Offers to Active Employees. Commencing ten (10) Business Days after the Signing Date, Seller or its Affiliates shall provide to Buyer upon request reasonable access to the Employees. Buyer covenants that no later than fifteen (15) Days prior to the Closing Date, Buyer or Buyer’s Affiliates, shall offer employment with Buyer or Buyer’s Affiliates, effective as of the later of the Closing Date or, with respect to Employees engaged in providing services on behalf of Seller under the Transition Services Agreement, the expiration of the Transition Period, to all active Employees except for the Excluded Employees, at the same or better salaries or wages, with similar duties and responsibilities, at the same location and on the HOUSTON 1139976v.13 same status (e.g., full-time or part-time), as provided by Seller Group immediately prior to the Closing Date or the expiration of the Transition Period, contingent upon such Employee passing an appropriate background check and drug screening test. All Employees who accept employment with Buyer or Buyer’s Affiliates pursuant to the offers described either in this Section 14.2 or in Section 14.3 are referred to herein as “Transferred Employees.” Buyer covenants that no Transferred Employee’s initial base salary or wages as an employee of Buyer or Buyer’s Affiliates shall be reduced during the twelve (12)-month period after such Transferred Employee commences employment with Buyer or Buyer’s Affiliates, unless such Transferred Employee is terminated, in which case Section 14.12 shall apply. Buyer covenants that Buyer or Buyer’s Affiliates shall offer each active Employee no less than ten (10) Days during which to accept or reject Buyer’s or its Affiliates’ employment offer., subject to the terms and conditions of this Article 14.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Linn Energy, LLC)

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Employment Offers to Active Employees. Commencing ten (10) Business Days after the Signing Date, Seller or its Affiliates shall provide to Buyer Purchaser upon request reasonable access to the Employees. Buyer Purchaser covenants that no later than fifteen (15) Days prior to the Closing Date, Buyer Purchaser or BuyerPurchaser’s Affiliates, shall offer employment with Buyer Purchaser or BuyerPurchaser’s Affiliates, effective as of the later of the Closing Date or, with respect to Employees engaged in providing services on behalf of Seller under the Transition Services Agreement, the expiration of the Transition Period, to all active Employees except for the Excluded Employees, at the same or better salaries or wages, with similar duties and responsibilities, at the same location and on the HOUSTON 1139976v.13 same status (e.g., full-time or part-time), as provided by Seller Group immediately prior to the Closing Date or the expiration of the Transition Period, contingent upon such Employee passing an appropriate background check and drug screening test. All Employees who accept employment with Buyer Purchaser or BuyerPurchaser’s Affiliates pursuant to the offers described either in this Section 14.2 or in Section 14.3 are referred to herein as “Transferred Employees.” Buyer Purchaser covenants that no Transferred Employee’s initial base salary or wages as an employee of Buyer Purchaser or BuyerPurchaser’s Affiliates shall be reduced during the twelve (12)-month period after such Transferred Employee commences employment with Buyer Purchaser or BuyerPurchaser’s Affiliates, unless such Transferred Employee is terminated, in which case Section 14.12 shall apply. Buyer Purchaser covenants that Buyer Purchaser or BuyerPurchaser’s Affiliates shall offer each active Employee no less than ten (10) Days during which to accept or reject BuyerPurchaser’s or its Affiliates’ employment offer., subject to the terms and conditions of this Article 14.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

Employment Offers to Active Employees. Commencing ten (10) Business Days after the Signing Date, Seller or its Affiliates shall provide to Buyer Purchaser upon request reasonable access to the Employees. Buyer Purchaser covenants that no later than fifteen (15) Days prior to the Closing Date, Buyer Purchaser or BuyerPurchaser’s Affiliates, shall offer employment with Buyer Purchaser or BuyerPurchaser’s Affiliates, effective as of the later of the Closing Date or, with respect to Employees engaged in providing services on behalf of Seller under the Transition Services Agreement, the expiration of the Transition Period, to all active Employees except for the Excluded Employees, at the same or better salaries or wages, with similar duties and responsibilities, at the same location and on the HOUSTON 1139976v.13 same status (e.g., full-time or part-time), as provided by Seller Group immediately prior to the Closing Date or the expiration of the Transition Period, contingent upon such Employee passing an appropriate background check and drug screening testas the case may be. All Employees who accept employment with Buyer Purchaser or BuyerPurchaser’s Affiliates pursuant to the offers described either in this Section 14.2 or in Section 14.3 are referred to herein as “Transferred Employees.” Buyer Purchaser covenants that no Transferred Employee’s initial base salary or wages as an employee of Buyer Purchaser or BuyerPurchaser’s Affiliates shall be reduced during the twelve (12)-month period after such Transferred Employee commences employment with Buyer Purchaser or BuyerPurchaser’s Affiliates, unless such Transferred Employee is terminated, in which case Section 14.12 14.13 shall apply. Buyer Purchaser covenants that Buyer Purchaser or BuyerPurchaser’s Affiliates shall offer each active Employee no less than ten (10) Days during which to accept or reject BuyerPurchaser’s or its Affiliates’ employment offer., subject to the terms and conditions of this Article 14.

Appears in 1 contract

Samples: Gathering and Processing Agreement (Eagle Rock Energy Partners L P)

Employment Offers to Active Employees. Commencing ten (10) Business Days after the Signing Date, Seller or its Affiliates shall provide to Buyer upon request reasonable access to the Employees. Buyer covenants that no not later than fifteen twenty (1520) Days days prior to the Closing Date, Buyer Buyer, or Buyer’s Affiliates, shall extend a written offer of employment with Buyer Buyer, or Buyer’s Affiliates, effective as of the later of the Closing Date or, with respect to Employees engaged in providing services on behalf of Seller under the Transition Services Agreement, the expiration of the Transition PeriodDate, to all active Employees except for the Excluded Employees, at the same or better salaries or wages, with similar duties and responsibilities, at the same location and on the HOUSTON 1139976v.13 same status (e.g., full-time or part-time), as provided by Seller Group or Seller’s Affiliates immediately prior to the Closing Date or the expiration of the Transition Period, contingent upon such Employee passing an appropriate background check and drug screening testDate. All Employees who accept employment with Buyer Buyer, 34 or Buyer’s Affiliates Affiliates, pursuant to the offers described either in this Section 14.2 6.3(f)(ii) or in Section 14.3 6.3(f)(iii) are referred to herein as “Transferred Employees.” ”. Buyer covenants that no Transferred Employee’s initial base salary or wages as an employee of Buyer Buyer, or Buyer’s Affiliates Affiliates, shall be reduced during the twelve (12)-month 12-month period after such Transferred Employee commences employment with the Closing Date. Buyer covenants that Buyer, or Buyer’s Affiliates, unless such Transferred Employee is terminated, in which case Section 14.12 shall apply. Buyer covenants that Buyer or Buyer’s Affiliates shall offer each active Employee no less than ten three (103) Days during days in which to accept or reject Buyer’s, or Buyer’s or its Affiliates’, employment offer.. (iii) Employment Offers to Employees on Leave. In addition, subject Buyer covenants that not later than twenty (20) days prior to the terms Closing Date, Buyer, or Buyer’s Affiliates, shall extend a written offer of employment with Buyer, or Buyer’s Affiliates, to each Employee who is on Leave as of the Closing Date except for the Excluded Employees, commencing at such time as such Employee is ready to return to work, at the same or better salaries or wages, with similar duties and conditions responsibilities, at the same location and on the same status (e.g., full-time or part-time), as provided by Seller or Seller’s Affiliates immediately prior to the commencement of this Article 14.such Employee’s Leave; provided, however, that such Employee is ready to return to work within one hundred twenty (120) days after the Closing Date. Buyer covenants that Buyer, or Buyer’s Affiliates, shall offer each Employee on Leave no less than five (5) days in which to accept or reject Buyer’s, or Buyer’s Affiliates’, employment offer. (iv)

Appears in 1 contract

Samples: Purchase Agreement

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Employment Offers to Active Employees. Commencing ten (10) Business Days after the Signing Date, Seller or its Affiliates shall provide to Buyer upon request reasonable access to the Employees. Buyer covenants that no later than fifteen (15) Days prior to the Closing Date, Buyer or Buyer’s Affiliates, shall offer employment with Buyer or Buyer’s Affiliates, effective as of the later of the Closing Date or, with respect to Employees engaged in providing services on behalf of Seller under the Transition Services Agreement, the expiration of the Transition Period, to all active Employees except for the Excluded Employees, at the same or better salaries or wages, with similar duties and responsibilities, at the same location and on the HOUSTON 1139976v.13 same status (e.g., full-time or part-time), as provided by Seller Group immediately prior to the Closing Date or the expiration of the Transition Period, contingent upon such Employee passing an appropriate background check and drug screening test. All Employees who accept employment with Buyer or BuyerXxxxx’s Affiliates pursuant to the offers described either in this Section 14.2 or in Section 14.3 are referred to herein as “Transferred Employees.” Buyer covenants that no Transferred Employee’s initial base salary or wages as an employee of Buyer or Buyer’s Affiliates shall be reduced during the twelve (12)-month period after such Transferred Employee commences employment with Buyer or Buyer’s Affiliates, unless such Transferred Employee is terminated, in which case Section 14.12 shall apply. Buyer covenants that Buyer or Buyer’s Affiliates shall offer each active Employee no less than ten (10) Days during which to accept or reject Buyer’s or its Affiliates’ employment offer., subject to the terms and conditions of this Article 14.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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