Payments to Transferred Employees. Following the Closing, except as expressly provided in the Employment Transfer Agreement to which the relevant Transferred Employee is a party, the Seller shall pay, or cause to be paid: (a) the Transferred Employee Payments as and when they become due and payable to the Transferred Employees (including any commissions which have been or should have been accrued in respect of any commission plan or program of the Seller or its Affiliate in effect prior to or as of the Closing for the benefit of such Transferred Employees), and (b) as promptly as practicable following DDD’s filing of its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year in which the Closing occurs, the pro-rated portion of the annual bonus target applicable to the Transferred Employees (as set forth on Schedule 6.08 for the 2024 fiscal year) calculated through the Closing Date (together with the employer portion of payroll and other Taxes that are payable in connection with or as a result of the payment of such portion of such bonuses), to the Buyer for disbursement to the applicable Transferred Employee, if the bonus target metric (as set forth on Schedule 6.08 with respect to each applicable Transferred Employee for the 2024 fiscal year) is met as of the end of the fiscal year in which the Closing occurs. Any retention arrangements for Transferred Employees and post-Closing bonus payments for Transferred Employees (to the extent applicable) under any applicable bonus programs of the Buyer are the Buyer’s responsibility.
Payments to Transferred Employees. Following the Closing, the Sellers shall pay, or cause to be paid: (a) the Transferred Employee Payments as and when they become due and payable to the Transferred Employees (including any commissions which have been or should have been accrued in respect of any commission plan or program of a Seller or its Affiliate in effect prior to or as of the Closing for the benefit of such Specified Employees), and (b) as promptly as practicable following DDD’s filing of its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year in which the Closing occurs, the pro-rated portion of the annual bonus target applicable to the Transferred Employees (as set forth on Schedule 6.08 for the 2024 fiscal year) calculated through the Closing Date (together with the employer portion of payroll and other Taxes that are payable in connection with or as a result of the payment of such portion of such bonuses), to the Buyer for disbursement to the applicable Transferred Employee, if the bonus target metric (as set forth on Schedule 6.08 with respect to each applicable Transferred Employee for the 2024 fiscal year) is met as of the end of the fiscal year in which the Closing occurs. Any retention arrangements for Transferred Employees (other than Items 1 and 2 disclosed on Schedule 4.14(d)) and post-Closing bonus payments for Transferred Employees (to the extent applicable) under any applicable bonus programs of the Buyer are the Buyer’s responsibility.
Payments to Transferred Employees. All amounts owed by the Seller and its Affiliates to the Transferred Employees through the Closing Date (including equity awards and accrued bonuses) shall be paid in full by the Seller or its Affiliates in accordance with the terms and conditions specified in letters delivered by the Seller and/or one or more of its Affiliates to the Transferred Employees prior to the Closing Date, true, accurate and complete copies of which will be made available to the Buyer prior to the Closing Date.
Payments to Transferred Employees. Promptly after Closing, Seller shall pay to each Transferred Employee an amount equal to the sum of (i) accrued paid time off for such obligations that the Seller would have to any departing employee, as of the Closing Date, and (ii) any unpaid expense reimbursements payable to such Transferred Employee as of the Closing Date. No later than March 31, 2023, Seller shall pay to each Transferred Employee who was a participant in the Seller’s annual bonus plan and who was an employee of the Buyer as of December 31, 2022, an amount equal to the prorated services provided through the Closing Date, based on calculations used to pay participants who remain employees of Seller.
Payments to Transferred Employees. Sellers shall pay to Transferred Employees all accrued vacation owing to such Transferred Employees as of the Last Seller Payment Date as well as bonuses, profit sharing, incentive commissions or other compensation of any kind for periods prior to the Last Seller Payment Date. Buyer shall not assume any vacation or sick time Liabilities with respect to the Transferred Employees, nor shall Buyer assume any Liabilities for bonuses, profit sharing, incentive commissions or other compensation of any kind under any Seller plan or arrangement.
