Obligations Concerning Employees. Except for the obligations set forth under Section E(4), Purchaser intends to engage Seller’s employees subject to the parties agreeing to terms of such employment. Seller shall be responsible for any severance or other obligations to its employees.
Obligations Concerning Employees. (a) From the date hereof through the Closing Date, Buyer shall have the right upon reasonable notice to Seller during normal business hours and without undue disruption of the operation of the Business, to interview the employees of Seller, perform drug tests on said employees and otherwise conduct hiring procedures with regard to its possible hiring of the employees of Seller. Subject to the satisfactory completion of Buyer's employment screening process, Buyer shall offer employment at Closing to the employees of Seller listed on Schedule 6.4(a) (the "Retained Employees").
(b) On or prior to the Closing Date, at such time as shall be reasonably acceptable to Buyer, Seller shall notify all of the employees of Seller that the assets of Seller are being sold to Buyer, that the Retained Employees will be offered employment by Buyer, and that any decisions by Buyer regarding its hiring procedures or the hiring of Seller's employees will be communicated to the employees by Buyer.
(c) As soon as practicable after the Closing Date, Seller shall issue to all employees of Seller as of the Closing Date payroll checks, for all earned salary, wages, incentive bonuses, accrued sick pay, vacation or paid time off and other compensation and benefits (net of usual withholdings) owed or accruing to such employees for their services rendered through 11:59 p.m. on the Closing Date.
(d) Seller shall comply with all provisions of federal and state law relating to the continuation of health insurance benefits for terminated employees. Seller shall be responsible for providing Worker Adjustment and Retraining Notification Act, 29 U.S.C. ss. 2101 et. seq. ("WARN Act") notices, if and to the extent required, in connection with any terminations of Seller's employees effected pursuant to this Agreement, and shall be solely responsible for, and will, hold Buyer harmless from, any WARN Act liability arising as a result of any employee termination(s) occurring on or after the Closing Date.
Obligations Concerning Employees. Purchaser shall have no obligation to hire any of Sellers' employees. Sellers and Stockholder shall be responsible for any severance or other obligations to its employees.
Obligations Concerning Employees. While the Corporation will be responsible for all liabilities associated with the employees which relate to the period prior to midnight on the Closing Date (the "Employee Transfer Time"), Buyers will be responsible for all liabilities associated with the employees of the Corporation which relate to the period subsequent to the Employee Transfer Time. After the Closing Date, Buyers will notify the relevant parties that Buyers will be responsible for expenses associated with benefit plans for the employees of the Corporation. On the Closing Date, the Corporation agrees to provide Buyers with the register for the most recent payroll period which register shall contain a true and complete list of the FICA wages and FICA withholdings as of the date of such register related to compensation paid by the Corporation to the employees of the Corporation prior to the Closing Date.
Obligations Concerning Employees. Except for expenses incurred in the ordinary course of business and properly accrued but unpaid, the Seller will be responsible for all liabilities associated with the employees which relate to the period prior to the termination of the Employee Leasing Agreement (the "Employee Transfer Date"). Buyer will be responsible for all liabilities associated with the Employees which relate to the period subsequent to the termination of the Employee Leasing Agreement. After the termination of the Employee Leasing Agreement, Buyer will notify the relevant parties that Buyer will be responsible for expenses associated with benefit plans for the Employees. Upon the termination of the Employee Leasing Agreement, the Seller agrees to provide Buyer with a true and complete list of the FICA wages and FICA withholdings related to compensation paid by the Seller to the Employees prior to the termination of the Employee Leasing Agreement. Buyer covenants and agrees that it will not, for the twelve (12) months immediately following the Closing Date, reduce the current compensation of any branch manager, recruiter, marketer, or the Vice President of Finance.
Obligations Concerning Employees. The Seller will be responsible for all liabilities associated with the employees which relate to the period prior to midnight on the Closing Date (the "Employee Transfer Date"). Buyer will be responsible for all liabilities associated with the Employees which relate to the period subsequent to the Employee Transfer Date subject to Section 1.1(d) hereof and the Employee Leasing Agreement. After the Closing Date, Buyer will notify the relevant parties that Buyer will be responsible for expenses associated with benefit plans for the Employees. On the Closing Date, the Seller agrees to provide Buyer with a true and complete list of the FICA wages and FICA withholdings related to compensation paid by the Seller to the Employees prior to the Closing Date.
Obligations Concerning Employees. The Corporation will be responsible for all Liabilities associated with the employees and consultants which relate to the period prior to midnight on the Closing Date (the "Employee Transfer Time"). On the Closing Date, the Corporation agrees to provide the Buyers with the register for the most recent payroll period which register shall contain a true and complete list of the FICA wages and FICA withholdings as of the date of such register related to compensation paid by the Corporation to the employees or consultants of the Corporation prior to the Closing Date.
Obligations Concerning Employees. (a) The Corporation will be responsible for all liabilities associated with the employees which relate to the period prior to 12:01 a.m. C.D.T. on the Closing Date or the termination of the Employee Leasing Agreement, if executed by the parties (the "Employee Transfer Date"). Buyer will be responsible for all liabilities associated with the employees which relate to the period subsequent to the Employee Transfer Date. After the Employee Transfer Date, Buyer will notify the relevant parties that Buyer will be responsible for expenses associated with benefit plans for the Employees. On the Closing Date, the Corporation agrees to provide Buyer with a true and complete list of the FICA wages and FICA withholdings related to compensation paid by the Corporation to the Employees prior to the Employee Transfer Date.
(b) The Buyer agrees to retain the employee benefit plans set forth on Schedule 2.17 until such time it determines, in its sole discretion, whether to retain or terminate such plans, in which case Buyer shall provide benefits to such employees comparable to those provided to similarly situated employees of Buyer.
Obligations Concerning Employees. Each Progressive Entity will be responsible for all Liabilities associated with the employees which relate to the period prior to midnight on the Closing Date. On the Closing Date, each Progressive Entity agrees to provide the Buyers with the register for the most recent payroll period which register shall contain a true and complete list of the FICA wages and FICA withholdings as of the date of such register related to compensation paid by the Corporation to the employees of the Corporation prior to the Closing Date.
Obligations Concerning Employees. From the date of this Agreement through the Closing Date, Buyer shall have the right upon reasonable notice to Seller during normal business hours and without unreasonable disruption of the operation of the Business, to interview the Plant Employees and otherwise conduct hiring procedures with regard to its possible hiring of Plant Employees, but, except as contemplated in Section 7.2, shall have no obligation to offer employment to any Plant Employee.
