Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the Closing to employees of the Business and the amount of bonuses due to such employees for all such periods will be paid by Company directly to such employees.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods prior to the Effective Date to employees of the Business and the amount of bonuses due to such employees for all such periods will be paid by Seller directly to such employees.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the Closing Date to employees of Company will be paid by Company directly to such employees promptly following the Closing.
Other Payments and Adjustments. The amount of wages, salaries, commissions, bonuses and other remuneration due to employees and independent contractors of the Company (including, without limitation, with respect to all Transferred Employees) for all periods prior to the Closing shall be paid by the Company directly to such employees and independent contractors on or before the Closing Date.
Other Payments and Adjustments. The amount of wages and other renumeration due in respect of the periods to and including 1/31/97 to employees of Seller, the amount of bonuses due and unused vacation pay and any other employee benefits to such employees for all such periods shall remian a liability of, and be paid by Seller directly.
Other Payments and Adjustments. 8 [*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. TABLE OF CONTENTS (CONT'D)
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods to and including the Effective Time to employees of Company and the amount of bonuses due to such employees for all such periods will be paid by Company directly to such employees. Except to the extent taken into account on the Final Closing Balance Sheet, Buyer shall receive a credit on the Settlement Date in an amount equal to all vacation and holiday pay unpaid by Company as of the Effective Time attributable to any period or partial period of employment by Company prior to the Effective Time, plus employee payroll taxes applicable thereto due or to become due, for those Transferred Employees and Transferred Union Employees who will be employed by Buyer after the Closing and (i) who have not as of the Effective Time taken vacation, holiday or sick time earned prior to Closing, or (ii) who have not earned vacation, holiday or sick time as of the Effective Time but who would have earned vacation and holiday pay for any such period or partial period of employment prior to the Closing (on a pro rata basis) had they continued as employees of Company to the date when such vacation and holiday pay would have accrued to them.
Other Payments and Adjustments. Company will timely pay to all employees of the Company who are employed by Buyer after the Closing ("AFFECTED EMPLOYEES") the amount of wages and other remuneration due with respect to periods to and including the date hereof, the amount of bonuses due to employees for all such periods and commission for all contracts executed or other sales made prior to and including the date hereof, whether or not due and payable as of the date hereof. Notwithstanding any policy or agreement to the contrary, such payments shall be made regardless of whether or not individuals are employed by Company at the time such payments are to be made. Buyer shall assume any and all obligations with respect to all vacation unpaid by Company as of the date hereof attributable to any period or partial period of employment by Company prior to the date hereof, for Affected Employees who have not as of the date hereof taken vacation time earned prior to the date hereof. Buyer shall accord each Affected Employee credit for the length of service of such employee with the Company for purposes of Buyer's vacation policy. Company, at its expense, shall cause its health insurance coverage, as it exists on the date of this Agreement, to cover all Affected Employees until June 1, 1996, and at Buyer's request and expense, until July 1, 1996. Thereafter, each Affected Employee shall, to the extent eligible, be covered by Buyer's health insurance plan as then in effect.
Other Payments and Adjustments. The amount of wages and other remuneration due in respect of periods up to the Closing Date to employees of Company shall be paid by Company directly to such employees. Except to the extent reserved for on the Final Closing Balance Sheet, Buyer shall receive a credit on the Settlement Date in an amount equal to all vacation pay unpaid by Company as of the Closing Date attributable to any period or partial period of employment by Company prior to the Closing Date, plus employee payroll taxes applicable thereto due or to become due, for Transferred Employees of Company who shall be employed by Buyer after the Closing and (i) who have not as of the Closing Date taken vacation time earned prior to Closing, or (ii) who have not earned vacation time as of the Closing Date but who would have earned vacation time for any such period or partial period of employment prior to the Closing (on a pro rata basis) had they continued as employees of Company to the date when such vacation pay would have accrued to them. Buyer shall pay any such credited or accrued amounts to the Transferred Employees or, at its election, recognize equivalent days of vacation time.
Other Payments and Adjustments. 12 3.6. Intentionally Left Blank . . . . . . . . . . . . . . . 13
