Offers of Employment to Current US Employees Sample Clauses

Offers of Employment to Current US Employees. Effective as of the Closing Date, the employment by the Sellers and their Affiliates of each Current US Employee shall terminate. Not less than ten days prior to the Closing Date, the Purchaser shall offer employment, effective as of the Closing, to each Current US Employee listed on Schedule 11.1(a)(i), which offers of employment shall be at substantially comparable positions and levels of compensation in the same general geographic work location as applied to such employees immediately prior to the Closing, and with employee benefits substantially the same, in the aggregate, as the employee benefits described in Schedule 4.14(a)(1) applicable to Current US Employees, excluding, however, for all purposes of this sentence the benefits under the Executive Severance Benefit Plan (amended and restated effective May 14, 2004), the Xxxxxx Executive Officer Severance Benefit Plan, effective May 10, 2007, the 1988 and 2000 Management Incentive Programs, the 2005 Long-Term Incentive Plan, the Postretirement Health Benefits Policy, the Employee Retirement Benefit Restoration Plan (established effective October 1, 1997; amended and restated effective October 1, 1998, January 1, 2000, and October 1, 2004), the Employee Assistance Plan, the Relocation Plan, the Education Assistance Plan, the Xxxxxx Employee Severance Plan, effective May 1, 2007, the Business Improvement Process Plan, the FY ‘06 Long Term Cash Plan, the Reward and Recognition Plan, the Performance Cash Agreement, dated November 16, 2005, between Xxxxxx Corporation and a specified employee (as set forth in Schedule 4.14(a)(1)), the Xxxxxx Consulting/Support Services Agreement Template and the individual retention letter agreements described in Schedule 4.14, each of which offers shall also be subject to the terms and conditions of this Article XI with respect to Current US Employees; provided, however, that nothing in this Section 11.1(a) shall be construed as modifying or in any way negating or reducing the Purchaser’s severance obligations set forth in Section 11.13 and further provided that the Purchaser’s offers of employment to Current US Employees shall provide for severance benefits in accordance with Section 11.13. Each such Current US Employee who accepts the Purchaser’s offer of employment, shall become an employee of the Purchaser and its Affiliates as of the Closing and shall be referred to herein as a “Transferred US Employee”. The Sellers shall retain, bear and discharge all employment lia...
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Related to Offers of Employment to Current US Employees

  • Hiring of Employees Company and Shareholders shall cooperate with all requests made by Pentegra for the purpose of allowing Pentegra to hire those non-dentist employees of Company designated by Pentegra, such employment to be effective as of the Closing Date. Notwithstanding the above, Company and Shareholders shall remain liable under any Company Plans for any claims incurred by any employees or their spouses or dependents, and for all compensation, bonuses, benefits and other such items and other liabilities related to Company's employees incurred by Company prior to the Closing Date.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • TYPES OF EMPLOYMENT AND TERMINATION OF EMPLOYMENT 15 General 16 Employees on Daily Hire 17 Casual Employees 18 Employer and Employee Duties 19 Apprentices 20 Sham Contracting 21 Termination of Employment 22 Redundancy 23 Payment of Wages and Time Records 24 Superannuation 25 Insurance 26 Insurance – Minimum Cover / Minimum Benefits 27 Insurance – Employer Liability 28 Accident Makeup Pay 29 Compensation of Tools of Trade and Clothes 30 Application of Site Agreements / Inductions and off the job training / Local Labour – Visa Requirements 31 Hours of Work 32 Presenting for Work but Not Required 33 Overtime 34 Call Back

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Public Employees Retirement System “PERS”) Members.

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Disclosure of Prior State Employment – Consulting Services If this Contract is for consulting services, A. In accordance with Section 2254.033 of the Texas Government Code, a Contractor providing consulting services who has been employed by, or employs an individual who has been employed by, System Agency or another State of Texas agency at any time during the two years preceding the submission of Contractor’s offer to provide services must disclose the following information in its offer to provide services. Contractor hereby certifies that this information was provided and remains true, correct, and complete: 1. Name of individual(s) (Contractor or employee(s)); 2. Status; 3. The nature of the previous employment with HHSC or the other State of Texas agency; 4. The date the employment was terminated and the reason for the termination; and 5. The annual rate of compensation for the employment at the time of its termination. B. If no information was provided in response to Section A above, Contractor certifies that neither Contractor nor any individual employed by Contractor was employed by System Agency or any other State of Texas agency at any time during the two years preceding the submission of Contractor’s offer to provide services.

  • Employees; Benefits Employer agrees that any and all benefits that were provided to the Employee shall continue until _________________, 20____. In addition, the Employer shall assist the Employee in the transfer, change, or termination to any employment benefits, including, but not limited to, health insurance plans, dental insurance plans, vision insurance plans, life insurance plans, disability insurance, childcare benefits, wellness programs, retirement plans, government assistance programs, and/or any other program or benefit that was readily accessible and being used by the Employee.

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