Post Closing Obligations to Employees Sample Clauses

Post Closing Obligations to Employees. Effective immediately after the Closing Date, Buyer will employ all the Company's employees employed on the Closing Date (the "Employees"), and will continue their compensation and benefits, but as soon as practical after the Closing, will provide them with the benefits as set forth in Schedule 5.9; provided, however, that this Section shall not be construed as guaranteeing employment to any particular employee and provided further that this Section shall not be construed to govern the benefits of union Employees whose benefits and wages shall be governed by the applicable collective bargaining agreement. Buyer shall assume the collective bargaining agreements applicable to the Company's union Employees. (b)
Sample 1
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Post Closing Obligations to Employees. Effective immediately after the Closing, Buyer will continue (or will cause the Surviving Corporation and the Companies to continue) to employ all the Employees in comparable positions, at the same or greater pay. Effective immediately after the Closing Date and for the period ending one year after the Closing Date, Buyer will provide (or cause the Surviving Corporation and the Companies to provide) Employees (other than Employees covered by collective bargaining agreements) with benefits under (i) Buyer's Welfare Plans, and (ii) Buyer's Defined Contribution Plan which are substantially equivalent in the aggregate to those provided to such Employees pursuant to such plans, programs and arrangements of the Companies in effect at the date hereof including Seller's Defined Benefit Plan in effect at the date hereof, and will provide Employees and former employees of the Companies covered by collective bargaining agreements such benefits as shall be required under the terms of any applicable collective bargaining agreement; provided, however, that for purposes of providing Employees with benefits that are substantially equivalent in the aggregate, Buyer (or the Surviving Corporation and the Companies) may utilize defined contribution plans in lieu of Seller's Defined Benefit Plan but nothing herein shall eliminate Buyer's (or the Surviving Corporation's or the Companies') obligations to comply with any applicable collective bargaining agreement or the
Sample 1
Post Closing Obligations to Employees 
Sample 1

Related to Post Closing Obligations to Employees

  • Post-Closing Obligations Seller and Buyer agree to the following post-Closing obligations:

  • PRE-CLOSING OBLIGATIONS The Seller shall have performed and complied with all the obligations and conditions required by this Agreement to be performed or complied with by Seller at or prior to the Closing Date, including the execution and delivery of all documents and contracts required to be delivered at or before the Closing Date pursuant to this Agreement.

  • Certain Post-Closing Obligations As promptly as practicable, and in any event within the time periods after the Effective Date specified in Schedule 5.14 or such later date as the Administrative Agent reasonably agrees to in writing, including to reasonably accommodate circumstances unforeseen on the Effective Date, Holdings, the Parent Borrower and each other Loan Party shall deliver the documents or take the actions specified on Schedule 5.14 that would have been required to be delivered or taken on the Effective Date but for the proviso to Section 4.01(f), in each case except to the extent otherwise agreed by the Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement”.

  • Closing Obligations At the Closing:

  • Seller’s Closing Obligations At Closing, Seller shall deliver to Buyer the following:

  • Buyer's Closing Obligations At the Closing, Buyer shall:

  • Purchaser’s Closing Obligations Purchaser, at its sole cost and expense, shall deliver or cause to be delivered to Seller at Closing the following:

  • Conditions to Purchasers’ Obligations at the Closing Purchasers’ obligation to purchase the Shares at the Closing are subject to the satisfaction, at or prior to the Closing Date, of the following conditions:

  • CONDITIONS TO PURCHASER’S OBLIGATIONS AT CLOSING The obligations of the Purchaser to consummate the transactions under Section 2 are subject to the fulfillment, to the satisfaction of the Purchaser on or prior to the Closing, or waiver by the Purchaser, of the following conditions:

  • Post Closing Agreements From and after the Closing, the parties shall have the respective rights and obligations which are set forth in the remainder of this Article VI.

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