Hiring of Transferring Employees Sample Clauses

Hiring of Transferring Employees. Buyer shall offer employment as of the Closing Date to all active employees of the Business on the Closing Date at the California locations and such employees who accept employment with Buyer as of the Closing Date shall be considered “Transferring Employees”. Such employment shall be for substantially the same positions and at substantially the same wage and salary rates as those in effect on the Date of Closing, and Buyer shall provide to the Transferring Employees reasonably similar same health and medical insurance, sick leave, vacation and other welfare-type benefits as shall be in effect on the Closing Date. Buyer will give all Transferring Employees credit for service with Seller under all vacation and holiday plans maintained by Buyer for the benefit of Transferring Employees.
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Hiring of Transferring Employees. Buyer shall offer employment as of the Closing Date to those employees who are listed on Schedule 8.1(b), which shall be appended to this Agreement prior to the Closing Date, of the Business on the Closing Date, and such employees who accept employment with Buyer as of the Closing Date shall be considered "Transferring Employees." So long as the employment of any such Transferring Employee is continued by Buyer, coverage for such Transferring Employee shall be continued under the Seller s medical, dental, long- term disability, life insurance and 401(k) plans and other insured employee welfare plans until November 30, 1996 (the "Coverage Termination Date"). The employer s portion of the premium cost of such coverage continuation under Seller s plans shall be borne by Buyer. Immediately following the Coverage Termination Date, Buyer shall offer to all Transferring Employees health and medical insurance following the Coverage Termination Date, and such other welfare-type employee benefits as Buyer in its sole discretion elects to offer, except that coverage extended to Transferring Employees under any such insurance and benefits shall not be subject to any waiting period requirement other than as provided under the terms of any insurance contracts under which such insurance and benefits are provided. Buyer will give all Transferring Employees credit for service with Seller under all vacation and holiday plans maintained by Buyer for the benefit of Transferring Employees. Buyer (i) will assume and pay all obligations, if any, for severance pay and all other obligations and Liabilities (including, but not limited to, those resulting from any wrongful discharge action or failure to comply with the Worker Adjustment and Restraining Notification Act) arising in connection with the termination by Buyer of any Transferring Employee after the Closing Date, and (ii) will provide continuance of any health benefits in accordance with and subject to the provisions of the Consolidated Budget Reconciliation Act of 1985, as in effect from time to time ("COBRA"), arising in connection - 22 - BA0DOCS1/0039024.07 with the termination by Buyer of any Transferring Employees after the Coverage Termination Date. The foregoing obligations of Buyer in clause (i) above will not in any event include obligations based upon facts or circumstances arising as a result of actions by Seller prior to the Closing Date, and Seller shall in any event be responsible for any severance or other o...

Related to Hiring of Transferring Employees

  • Non-Solicitation of Transfer Agent Employees The Fund shall not attempt to hire or assist with the hiring of an employee of the Transfer Agent or of its affiliated companies or encourage any employee to terminate their relationship with the Transfer Agent or its affiliated companies.

  • Soliciting Employees The Executive promises and agrees that for a period of one year following termination of his employment, he will not, directly or indirectly solicit any of the Company employees who earned annually $50,000 or more as a Company employee during the last six months of his or her own employment to work for any other business, individual, partnership, firm, corporation, or other entity.

  • Delayed Transfer Employees To the extent that applicable Law or any arrangement with a Governmental Authority prevents the Parties from causing any (a) Honeywell Employee who is intended to be a SpinCo Employee to be employed by a member of the SpinCo Group as of immediately following the Distribution as contemplated by Section 2.01 or (b) SpinCo Employee who is intended to be a Honeywell Employee to be employed by a member of the Honeywell Group as of immediately following the Distribution (each such employee, a “Delayed Transfer Employee” and the SpinCo Group or Honeywell Group entity to which such Delayed Transfer Employee is intended to be transferred, the “Destination Employer”), the Parties shall use commercially reasonable efforts to ensure that (i) such Delayed Transfer Employee becomes employed by the Destination Employer at the earliest time permitted by applicable Law or such agreement with a Governmental Authority and (ii) the Destination Employer receives the benefit of such Delayed Transfer Employee’s services from and after the Distribution, including under the TSA or by entering into an employee leasing or similar arrangement. “Delayed Transfer Employee” shall also include any Honeywell Employee who, following the Distribution, provides services to the SpinCo Group under the TSA and whose employment is intended by Honeywell to transfer to the SpinCo Group following the completion of the applicable TSA service, and with respect to such Delayed Transfer Employees, the Parties shall use commercially reasonable efforts to ensure that any such Delayed Transfer Employee becomes employed by the SpinCo Group as soon as practicable following the completion of the applicable TSA service. From and after the commencement of a Delayed Transfer Employee’s employment with the Destination Employer, such Delayed Transfer Employee shall be treated for all purposes of this Agreement, including Section 4.02, as if such Delayed Transfer Employee commenced employment with the Destination Employer as of the Distribution as contemplated by Section 2.01.

  • Closing of Transfer Books At the Effective Time, the stock transfer books of the Company shall be closed and no transfer of Shares shall thereafter be made.

  • Transferred Employees Harpoon’s employment of the Transferred Employees shall terminate at 11:59 p.m. Pacific Time on the Series B Closing Date. Prior to or in conjunction with the Series B Closing, Maverick shall in good faith offer employment to the Transferred Employees, pursuant to terms of written offer letters, with such employment to commence on the first Business Day immediately following the Series B Closing Date. In the event that any such Transferred Employee accepts Maverick’s offer of employment either before or after the Series B Closing, Maverick shall be responsible for all Liabilities (including salaries and benefits, including the maintenance of appropriate levels of workers’ compensation insurance) arising out of any such employment from and after the initial date of the Transferred Employee’s employment with Maverick. Harpoon shall be responsible for providing notice and health continuation coverage under COBRA to any Transferred Employee (and his/her qualified beneficiaries) who experiences a qualifying event after the Series B Closing Date. With respect to all confidentiality and invention assignment provisions applicable to Transferred Employees contained in Contracts that Transferred Employees entered into with Harpoon prior to the Series B Closing, Harpoon shall enforce such provisions on behalf of Maverick, at Maverick’s request and expense, to the extent that Maverick cannot enforce such Contracts directly. Effective upon the Series B Closing, Harpoon hereby waives (x) any non-competition or similar provisions and (y) any confidentiality provisions, to the extent restricting disclosure or use of the Transferred Intellectual Property or use of the license set forth in Section 2.2(a), in each case ((x) and (y)) applicable to Transferred Employees contained in Contracts that Transferred Employees entered into with Harpoon prior to the Series B Closing.

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

  • Effective Date of Transfer Any assignment of a Limited Partner's Interest or Special Limited Partner's Interest pursuant to Section 12.1 shall become effective as of the first day of the calendar month in which the last of the conditions to such assignment are satisfied.

  • TIMING OF TRANSACTIONS Distributor hereby appoints the Company as agent for the Funds for the limited purpose of accepting purchase and redemption orders for Fund shares from the Contract owners. On each day the New York Stock Exchange (the "Exchange") and the Company are open for business (each, a "Business Day"), the Company may receive instructions from the Contract owners for the purchase or redemption of shares of the Funds ("Orders"). Orders received and accepted by the Company prior to the close of regular trading on the Exchange (the "Close of Trading") on any given Business Day (currently, 4:00 p.m. Eastern time) and transmitted to the Funds' transfer agent by 9:30 a.m. Eastern time on the next Business Day will be executed at the net asset value determined as of the Close of Trading on that Business Day. Any Orders received by the Company on such day but after the Close of Trading, and all Orders that are transmitted to the Funds' transfer agent after 9:30 a.m. Eastern time on the next Business Day, will be executed at the net asset value determined as of the Close of Trading on the next Business Day following the day of receipt of such Order. The day as of which an Order is executed by the Funds' transfer agent pursuant to the provisions set forth above is referred to herein as the "Trade Date". All orders are subject to acceptance or rejection by Distributor or the Funds in the sole discretion of either of them.

  • Non-U.S. Employees If the Executive is a foreign national, located outside the United States, not compensated from a payroll maintained in the United States, or otherwise subject to (or could cause the Company to be subject to) legal or regulatory provisions of countries or jurisdictions outside the United States, the Committee may apply or interpret the terms and conditions of this Award in a manner that, in the Committee’s judgment, may be necessary or desirable to comply with such legal or regulatory provisions.

  • Timing of Transfers Transfers pursuant to this Article XI may only be made upon three (3) Business Days prior notice to the General Partner, unless the General Partner otherwise agrees.

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