Seller's Employees. Purchaser will interview and evaluate in accordance with its normal employment procedures those Persons employed as field personnel in the capacity of pumper, foreman, operator, technician, mechanic, superintendent, repairman, utility man, or other similar field classifications by Seller in connection with the Subject Properties and identified by letter of even date herewith from Seller to Purchaser who desire to be considered for employment by Purchaser, and will offer in writing employment to those Persons for whom Purchaser in its sole discretion determines a need. If Purchaser fails to offer such employment to all of such Persons, Purchaser shall not, as a result of such failure, otherwise be in default under this Agreement, but shall be required to reimburse Seller for severance benefits paid by Seller to each such Person not offered employment by Purchaser; provided, that such reimbursement shall not exceed that amount determined by multiplying each such employee's normal weekly wage by twelve (12). Persons offered employment with Purchaser will be offered employment at their current work location with compensation and benefits comparable to those provided to Purchaser's current employees performing similar tasks, or, if none, with compensation and benefits comparable to those provided by Seller Such offers shall be made prior to Closing, but shall be contingent upon the occurrence of Closing and such employment shall not commence until Closing. If any such Person employed by Purchaser is terminated by Purchaser within six (6) months of Closing, Purchaser shall pay such Person a severance benefit equal to the amount determined by multiplying each such employee's normal weekly wage by ten (10). Purchaser shall have no obligation under this Section 13.19 with respect to Persons offered employment by Purchaser pursuant to this Section 13.19 who decline such employment, except that the foregoing provisions shall apply to the extent that such Person accepts employment with Purchaser or any of its Affiliates within twelve (12) months of Closing.
Seller's Employees. (a) Buyer has the option, but not the obligation, to hire on the Closing Date any employees of Seller. Any such employees actually hired by Buyer shall hereinafter be referred to as "Transferred Employees." Salaries, --------------------- wages and all other regular current compensation of each Transferred Employee which is attributable to services performed by each such Transferred Employee on or prior to the Closing Date shall be paid by Seller directly to that employee. All other cash compensation, including, but not limited to, incentive pay, bonuses and other payments or obligations of any kind whatsoever in the nature of compensation, arising after the Closing Date shall be paid by Buyer directly to the Transferred Employee entitled thereto.
(b) Prior to the Closing Date, Seller shall cause the account balances of Transferred Employees who are participants in Seller's 401(k) Plan (the "Seller's Plan") to become fully vested as of the Closing Date. Seller shall -------------- provide each Transferred Employee with an election to receive a distribution of his or her fully vested benefit as soon as practicable after the Closing Date. Upon Seller providing Buyer with a current determination letter from the Internal Revenue Service confirming the tax qualified status of Seller's Plan, the Coinmach 401(k) Plan (the "Coinmach Plan") shall, as soon as reasonably ------------- practicable thereafter, permit Transferred Employees to roll over (including by means of a direct rollover within the meaning of Code Section 401(a)(31)) any distribution that any such Transferred Employee may receive or be entitled to receive from Seller's Plan which qualifies as an "eligible rollover distribution" as defined in Section 402(f)(2)(A) of the Code.
(c) Seller shall pay or cause to be paid all claims for health care benefits covered by any of its health care plans which relate to claims incurred by Transferred Employees or their dependents on or before the Closing Date, regardless of when such claims may be filed. Buyer shall pay or cause to be paid all claims which relate to health care claims incurred by Transferred Employees or their dependents after the Closing Date, but only to the extent covered under the terms and conditions of Buyer's health care benefit plan which covers such Transferred Employees. Notwithstanding anything contained in this Section 6.9, Buyer - 44 - shall not be responsible for any claims incurred by Transferred Employees or their dependents on or...
Seller's Employees. A. Employees of Seller who perform Services under this Order shall be citizens of the U.S., its possessions or territories, or lawful permanent residents as defined by 8 U.S.C. 1101(a)(20), or protected individuals as defined by 8 U.S.C. 1324b(a)(3). Seller shall provide certification of compliance upon Buyer request. Seller shall promptly notify Buyer of any changes to the certification. Failure to provide the certification, or notice of changes, may result in termination of this Order for default
X. Xxxxxx represents and warrants that Seller is an expert, fully competent in all phases of the work involved in producing and supporting all Products and performing all Services purchased under this Order. Buyer may require Seller to remove from Buyer’s or Buyer’s customer’s premises any employee, agent, or representative of Seller, or any of its subcontractors and Buyer shall have the right to request and have replaced any personnel who fail to perform to Buyer’s satisfaction.
Seller's Employees. Buyer shall have the right, but not the obligation, to offer employment to any of the employees of Seller or its Affiliates who are employed at the Cinema. At or prior to the Closing, Seller shall fully compensate all employees of Seller at the Cinema for all work performed prior to the Closing Date. Seller does not guaranty that any of the employees to which Buyer will offer employment will accept any such offer of employment.
Seller's Employees. Take all reasonable steps to ensure that the transfer of employment of all of the Employees electing to continue their employ with Purchaser as are able to be accomplished prior to or on the Closing Date.
Seller's Employees. Employees of Seller shall be and remain employees of Seller through the Closing Date and Buyer is not assuming any obligation or liability of any kind which Seller may have to said employees for compensation, pension or retirement plan contributions, or any other obligation or responsibility of any kind. Buyer shall not be obligated to hire or employ any of Seller's employees as of the Closing Date, but may hire or employ any of Seller's current employees in Buyer's sole discretion and upon such terms as it determines. Seller and Principal agree that, for a period of one (1) year from the Closing Date, neither Seller, Principal nor any of their affiliates will employ or seek to employ any of Seller's current employees which are employed by Buyer as of the Closing Date, without the prior written consent of Buyer. Seller and Principal agree to indemnify, defend and hold Buyer harmless with respect to any claims made by any of Seller's employees arising out of actions which occurred on or prior to the Closing Date.
Seller's Employees. (a) Section 3.21 of the Seller Disclosure Schedule sets forth a list of all of the employees of Seller employed as of the date hereof in connection with the Business (by type or classification) and their respective rates of compensation (including the portions thereof attributable to bonuses or other extraordinary compensation), benefits and length of employment, also as of the date hereof. Seller’s employees identified on such list as hourly employees or non-management employees are referred to herein as the “Business Employees” and Seller’s employees identified on such list as management employees are referred to herein as the “Key Business Employees.”
(b) To the Knowledge of Seller, no Key Business Employee has any plans or has notified Seller that such employee intends to terminate employment with Seller.
(c) Seller is not a party to any collective bargaining agreement or other contract or understanding with a labor union relating to the Business Employees, and to the Knowledge of Seller there are no labor union organizational efforts underway or threatened involving any of the Business Employees. There are no labor disputes, or employment related claims, lawsuits or grievances pending, or to the Knowledge of Seller threatened, against or otherwise affecting the Business. There are no employment contracts or employment agreements with any Business Employees or Key Business Employees.
(d) Seller will deliver any and all necessary notices to the Business Employees and the Key Business Employees relating to the transactions contemplated by this Agreement, including without limitation any notices required by the WARN Act.
(e) Seller has at all times complied in all material respects with all federal, state and local laws, rules, regulations, orders, judgments, decrees, ordinances and other statements of authority pertaining to employment of the Business Employees and the Key Business Employees, including without limitation all (i) employment eligibility verification forms, (ii) all immigration and alien employee regulations and laws, (iii) group health plans of Seller to which Part 6 of Subtitle B of Title I of ERISA and Section 4980B of the Code (such statutory provisions and predecessors thereof are referred to herein collectively as “COBRA”) applies and that cover employees of the Business, (iv) the Americans with Disabilities Act and (v) payment of withholding taxes for or on behalf of employees.
(f) Seller has provided to Purchaser complete copies of ...
Seller's Employees. Buyer shall have the right, but not the obligation, to employ any or all of the employees of Seller. Each such person who is employed with Buyer shall be a "TRANSFERRED EMPLOYEE". Buyer shall provide such information to Seller as Seller may reasonably request to permit Seller to assess its obligations, if any, under the WARN Act and to take whatever compliance actions that Seller, in consultation with Buyer, elects to take.
Seller's Employees. Seller shall take all actions reasonably requested by Buyer to assist Buyer in hiring any employees employed by Seller in the Business that Buyer desires to employ. Buyer has no obligation to offer employment to any of Seller’s employees, but anticipates offering employment to all of Seller’s full-time employees. Except with respect to the Selling Shareholders, any employees hired by Buyer shall be employed on an “at will” basis under terms and conditions established solely by Buyer pursuant to Buyer's practices and policies. Seller will be liable for, and will pay, all wages, severance payments, accrued vacation and sick pay, “COBRA” (defined below) and similar benefits, and other amounts and benefits, if any, due to any employees with respect to such employee's employment prior to the Effective Time, including, but not limited to, any severance payments paid to any employee of Seller not hired by Buyer. Seller, and not Buyer, shall comply, or shall cause Seller’s insurer to comply, with all requirements under the Consolidated Omnibus Budget Reconciliation Act of 1984, as amended ("COBRA"), in connection with notices of options for continuation of health care coverage under COBRA with respect to any employee of Seller prior to the Effective Time or any qualified beneficiary of such employee, as defined by COBRA, and, to the extent applicable, with all requirements of the Employee Retirement Income Security Act of 1974, as amended, with respect to any and all plans or arrangements of Seller.
Seller's Employees. Purchaser shall be under no obligation to employ after the Closing Date any of Seller's employees. After this Agreement is signed and prior to the Closing Date, Purchaser may interview any of Seller's employees regarding possible employment with Purchaser as of the Closing Date, so long as Purchaser does not materially interfere with the conduct of Seller's business. If Purchaser and any of Seller's employees reach agreement as to terms of employment to commence on or after the Closing Date, no inference shall be created that Purchaser has assumed any of Seller's obligations to its employees; provided, however, that if Purchaser hires any of Seller's employees then Seller shall provide Purchaser a copy of any and all personnel records relating to such employees. Seller shall furnish to Purchaser on request a list of all employees of the Business, setting forth their compensation, job description, hire date and a summary of all benefits provided.
