Non-Transferred Employees. Nothing in this Agreement shall be deemed to impose on Purchaser any liabilities or responsibilities for periods prior to the Closing regarding individuals who do not become employees of Purchaser pursuant to offers of employment made under Section 12.5(b), including, without limitation, liabilities or responsibilities for (i) pension, retirement, profit-sharing, savings, pension, medical, dental, disability income, life insurance, or accidental death benefits, whether insured or self-insured, whether funded or unfunded, (ii) workers’ compensation (both long term and short term) benefits, whether insured or self-insured, whether or not accruing or based upon exposure to conditions prior to the date of this Agreement or for claims incurred or for disabilities commencing prior to the Closing Date, or (iii) severance benefits.
Non-Transferred Employees. As of the Closing Date, TRM and the Purchasing Insurers will retain and be responsible for all compensation, benefit, severance and employment related obligations and Liabilities relating to each Non-Transferred Employee and each Transferred Employee in respect of any period prior to such Transferred Employee’s Transfer Date. 7.5
Non-Transferred Employees. The Seller will retain and be responsible for all compensation, benefit, severance and employment related obligations and liabilities relating to each Non-Transferred Employee. The Seller will retain and be responsible for all compensation, benefit and employment related obligations and liabilities relating to each Transferred Employee in respect of any period prior to such Transferred Employee’s Transfer Date.
Non-Transferred Employees. The Parties acknowledge and agree that if any U.S. Business Employee who is not a Seller Continuing Company U. S. Employee or Purchaser Continuing Company U. S. Employee does not accept the Comparable Offer of Employment (a “Non-Transferred U.S. Employee”), the Purchaser Group or the Seller Group, as applicable, will terminate the employment of the Non-Transferred U.S. Employee as of or promptly after the Closing Date.
Non-Transferred Employees. Except with respect to any Employee on an authorized leave of absence as of the Closing Date who does not return to active employment with Xxxxxxx within one year following the Closing Date, World Heart and/or Newco agrees to retain all liability, if any, for any Employee who is not offered continued employment with Newco or who is offered a position with Newco but rejects that employment offer. Any Employee on an authorized leave of absence as of the Closing Date shall remain an employee of Xxxxxxx; PROVIDED, HOWEVER, that should such Employee return to active employment with Xxxxxxx within one year following the Closing Date, Newco and/or World Heart (upon receipt of written notice from Xxxxxxx advising that such Employee has returned to active employment) shall offer to employ such Employee on terms and conditions of employment that are substantially similar to the terms and conditions of such Employee's employment with Xxxxxxx as of the Closing Date, in a form substantially similar to that set forth on Schedule 4.8.
Non-Transferred Employees. The parties acknowledge that employees engaged following lease are not covered by the job security provisions of the Electricity Corporations (Restructuring and Disposal) Act 1999.
Non-Transferred Employees. Redundancy
Non-Transferred Employees. In the event redundancy proceeds, Utilities Management will provide to the employee who is to be made redundant 5 weeks notice or payment in lieu thereof. Where payment in lieu does not apply, employees will not be entitled to payment for any proportion of the notice period not worked, excluding sick leave or other approved leave.
Non-Transferred Employees. The Seller Parties will retain and be responsible for all compensation, benefit, severance and employment related obligations and liabilities relating to each Non-Transferred Employee. The Seller Parties will retain and be responsible for all compensation, benefit and employment related obligations and liabilities relating to each Transferred Employee in respect of any period prior to such Transferred Employee’s Transfer Date. The Purchaser or an Affiliate of the Purchaser will be solely liable for all compensation, benefit, severance, and employment related obligations and liabilities relating to the employment of each Transferred Employee by the Purchaser or such Affiliate arising after the Transfer Date.
Non-Transferred Employees. Each individual, who is employed by the Company or USIS (i) other than in respect of the Business or (ii) on long-term disability, shall be transferred to Seller or an Affiliate of Seller other than the Company or USIS immediately prior to the Closing and such transferee shall continue in effect the long-term disability benefits of any transferred employee on long-term disability following such transfer in accordance with Applicable Law and the policies of the Company and USIS in effect at the time such employee went on long-term disability.
