Hiring Employees, Comparable Benefits Sample Clauses

Hiring Employees, Comparable Benefits. (a) Subject to Section 6.2(b) hereof, Buyer will continue the employment of those employees of Seller dedicated to the product lines being sold to Buyer as it deems advisable, (all such employees being "Assumed Employees'). To the extent employment of Assumed Employees is continued by Buyer during the first six (6) months following the Closing Date, such employment shall be on substantially the same terms and conditions in the aggregate under which the Assumed Employees worked for Seller immediately prior to the Closing Date. Seller represents and warrants that Schedule 6. 1 (a) is a true and complete list of all the employees of Seller dedicated to the product lines being sold to Buyer. (b) Buyer agrees that, for a period of 60 days after the Closing Date, it will not cause any of the employees of Seller dedicated to the product lines being sold to Buyer, including the Assumed Employees, to suffer "employment loss" for purposes of the Worker Adjustment and Retraining Notification Act, 29 U.S.C. (S)(S) 2101-2109, and related regulations (the "WARN Act") if such employment loss could create any liability for Seller or its Affiliates, unless Buyer delivers notices under the WARN Act in such a manner and at such a time that Seller or its Affiliates bears no liability with respect thereto. For all employees other than the Assumed Employees, and for all Assumed Employees terminated within thirty (30) days of the Closing Date, Buyer will make the severance payments set forth on Schedule 6.1 (b).
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Hiring Employees, Comparable Benefits. Except as provided hereafter with respect to certain employees to be terminated, Buyer will cause the Company to continue in employment as of the Closing Date (or, in the case of employees within clause (iii), as of the date of their return to active employment) but makes no commitment with respect to any period following the Closing Date (i) all employees on the Company's active payroll on the Closing Date, (ii) all persons who are subject to outstanding employment offers from the Company at Closing and (iii) any Semiconductor Employee not on the Company's active payroll on the Closing Date on account of an approved leave of absence or short-term disability leave (but excluding those employees on long-term disability leave) if such employee returns to active employment with the Company immediately upon the conclusion of any such leave of absence or within the period required by Law (all such employees being "Buyer Employees"). Not less than 10 days before the Closing Date Raytheon or Seller shall cause the Company to terminate up to 20 individuals (the "Terminated Semiconductor Employees") (whose names Buyer shall have the option to provide to Seller or Raytheon not less than 15 days before the Closing Date and which list of names Raytheon and Seller shall have the right to approve) who but for such termination would be Buyer Employees as of the Closing Date; provided that Raytheon or Seller shall not be responsible for the costs of such terminations. Schedule 6.1
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Hiring Employees, Comparable Benefits. Buyer will offer employment to the Employees listed on Schedule 6.1 (the “Assumed Employees”) at wages, salaries and commissions reasonably comparable in the aggregate to those provided by Seller to the Employees on the date hereof.
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Related to Hiring Employees, Comparable Benefits

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Continuing Employees “Continuing Employees” is defined in Section 6.4 of the Agreement.

  • 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.

  • Continuing Employment (a) Continuing employment means full-time or fractional-time employment that does not have a fixed end date or a contingency upon which the employment contract will come to an end. (b) All employment other than fixed-term employment and casual employment will be continuing employment. (c) Notwithstanding subclause 16.0(b) above, the University may employ a person in Continuing (Contingent Funded Research) employment on a full-time or fractional-time basis in accordance with the terms of this Agreement.

  • Key Employees The Adviser is not aware that (i) any of its executives, key employees or significant group of employees plans to terminate employment with the Adviser or (ii) any such executive or key employee is subject to any noncompete, nondisclosure, confidentiality, employment, consulting or similar agreement that would be violated by either the Adviser’s present or proposed business activities, except, in each case, as would not reasonably be expected, individually or in the aggregate, to have an Adviser Material Adverse Effect.

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of leave.

  • SUB-ADVISER'S COMPENSATION The Fund shall pay to the Sub-Adviser, as compensation for the Sub-Adviser's services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by the Fund. The Sub-Adviser will be compensated based on the portion of Fund assets allocated to the Sub-Adviser by the Adviser. The method for determining net assets of the Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund's prospectus. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Covered Employees Employees with rights under this Article include permanent status employees and exclude provisional employees, employees in their original probationary periods and other employees who do not have permanent status. Employees with limited status, including employees who voluntarily accept a promotion, transfer, or demotion from a permanent position to a limited service position are also excluded; however, an employee with limited status in a limited service position has rights under this article with three (3) or more years of prior service as a Permanent status classified employee or after three (3) consecutive years in one (1) or more limited service position(s), or any combination of three

  • Eligible Employees Regular and probationary, full time and less than full-time employees (on a pro rata basis) are eligible to participate in this program. Sec. 903 COURSES ELIGIBLE: The following criteria will be used in determining eligibility for reimbursement:

  • Active Employees Active Employees who have not terminated service during the Plan Year and who meet the following requirements (select all that apply; leave blank if no exclusions): a. [ ] The Employee must be at least age (e.g., 55) b. [ ] The value of the sick and/or vacation leave must be at least $ (e.g., $2,000) c. [ ] A contribution will only be made if the total hours is over (e.g., 10) hours d. [ ] A contribution will not be made for hours in excess of (e.g., 40) hours

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