Individual Employment Agreements. Notwithstanding anything to the contrary, the following modifications shall be deemed to be made to the individual employment agreements, current or future, of all bargaining unit employees:
Individual Employment Agreements. As of the Effective Time, Buyer will assume Seller's and each Company's obligations under all individual employment, termination, retention, severance or other similar contracts or agreements with any current or former employee of the Business listed in Schedule 8.3(b). Notwithstanding anything in this agreement to the contrary, with respect to any Business Employee who is a party to an Employment Agreement with Seller or any Company (whether or not such Employment Agreement has been listed on any schedule to this Agreement), (i) Buyer shall be responsible for any severance benefits payable to such Business Employee in accordance with Section 8.3(d) (without regard to such Business Employee's Employment Agreement with Seller or any Company) and (ii) Seller shall be responsible for any severance benefits payable to such Business Employee under such Business Employee's Employment Agreement with Seller or any Company that is in excess of the severance benefits payable by Buyer pursuant to clause (i).
Individual Employment Agreements. XXXX may offer an Employee on an individual basis, terms and conditions of employment under an Individual Employment Agreement (“IEA”). The offer for an IEA must be in writing and the Employee must genuinely consent to the proposed IEA. The terms and conditions of an IEA will, when considered as a whole, be more favourable than the terms and conditions in the Award. Where agreement cannot be reached with the Employee as to whether the terms and conditions of an IEA, when considered as a whole, are more favourable than the terms and conditions in the Award or the Agreement, both Parties have access to the Dispute Settlement Process to have the matter resolved. With effect from the date of acceptance of the IEA, this Agreement will no longer apply to the Employee party to the IEA.
Individual Employment Agreements a) An individual employment agreement is intended as a method of individual performance recognition and an opportunity to retain Employees whilst operating within the scope of the workplace agreement as detailed in the subclauses below.
