EMPLOYMENT SUBSEQUENT TO CLOSING Sample Clauses

EMPLOYMENT SUBSEQUENT TO CLOSING. As of the Closing Date, Seller will terminate all of the Employees and will pay each Employee all wages, overtime, and accrued vacation pay due for the period through the Closing Date (except that any wage costs associated with the graveyard shift that commences on the Closing Date, if such shift is operated, shall be borne by Buyer). As of the Closing Date, Buyer shall offer to all Employees (other than the current plant and sales managers) an opportunity to apply for employment with Buyer. Employees hired by Buyer shall be retained for at least ninety (90) days after the Closing Date; PROVIDED that Buyer shall be entitled to terminate any such Employee for cause. In all events, Buyer agrees to offer employment to a sufficient number of the Employees to avoid creating any obligations or liabilities for Seller under the WARN Act, unless such Employees do not pass Buyer's standard drug or alcohol tests. Buyer further agrees that any Employees hired by Buyer shall receive wages and benefits comparable to the wages paid and the benefits made available to Buyer's other employees. Buyer agrees to provide information describing such wages and benefits to the Employees at the time they apply for employment with Buyer.
Sample 1
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Related to EMPLOYMENT SUBSEQUENT TO CLOSING

  • Termination Prior to Closing This Agreement may be terminated at any time prior to the Closing:

  • Rights and Obligations Subsequent to Closing 41 8.1 Survival of Warranties............................................41

  • Conditions to Closing Termination 34 6.1 Conditions Precedent to Obligations of Purchaser........................... 34 6.2 Conditions Precedent to the Obligations of the Shareholders................ 37 6.3 Termination................................................................ 38

  • Conditions to Closing of the Company The Company’s obligation to sell the Securities at the Closing is subject to the fulfillment to its satisfaction on or prior to the Closing Date of each of the following conditions:

  • CONDITIONS TO CLOSING OF COMPANY The Company's obligation to sell and issue the Shares at the Closing is, at the option of the Company, subject to the fulfillment or waiver of the following conditions:

  • Cooperation Following the Closing Following the Closing, each Party shall deliver to the other Parties such further information and documents and shall execute and deliver to the other Parties such further instruments and agreements as any other Party shall reasonably request to consummate or confirm the transactions provided for herein, to accomplish the purpose hereof or to assure to any other Party the benefits hereof.

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

  • Termination by Sellers This Agreement may be terminated at any time prior to the Closing Date by Sellers as follows:

  • Notification to Subsequent Employer When the Executive’s employment with the Company terminates, the Executive agrees to notify any subsequent employer of the restrictive covenants sections contained in this Agreement. The Executive will also deliver a copy of such notice to the Company before the Executive commences employment with any subsequent employer. In addition, the Executive authorizes the Company to provide a copy of the restrictive covenants sections of this Agreement to third parties, including but not limited to, the Executive’s subsequent, anticipated, or possible future employer.

  • Purchaser’s Conditions to Closing The obligations of the Purchaser under this Agreement shall be subject to the satisfaction, on or prior to the Closing Date, of the following conditions:

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