Termination / Rehire Clause Samples
The Termination / Rehire clause outlines the conditions under which an employee's employment may be ended and the terms that apply if the employee is subsequently rehired. Typically, this clause specifies the procedures for ending employment, such as notice requirements or severance, and details whether previous service counts toward benefits or seniority if the individual is rehired. Its core function is to provide clarity and consistency regarding the rights and obligations of both the employer and employee in situations involving separation and potential re-employment, thereby reducing disputes and misunderstandings.
Termination / Rehire. When an employee who has terminated service with the Judicial Branch is rehired within four (4) months of termination, such employee shall have seniority from the last date of hire restored for all purposes along with any and all accrued benefit levels unused or unpaid at time of separation.
Termination / Rehire. Effective as of the day immediately preceding the Closing Date, Seller shall terminate the employment of all Business Employees, other than ▇▇▇▇▇ ▇▇▇▇▇▇▇ who shall remain employed by Seller but whose duties shall, for a period of 120 days after the Closing, relate exclusively to the sale of the Assets and transition of the Business to Buyer. Effective as of the Closing Date, Buyer shall make offers of employment (which shall include Buyer's agreements set forth below with respect to participation in Buyer's employee benefit plans) to all Business Employees who are actively at work or on vacation. As to Business Employees who are on leave, Buyer shall make offers of employment to such Business Employees effective upon their return from leave to the same extent, if any, as Seller would be required to offer employment in accordance with applicable law and applicable collective bargaining agreements. Buyer shall have no obligation to provide any pay, compensation or benefits to any Business Employee on leave for any period prior to the date, if any, of hiring of that Business Employee by Buyer to work. Buyer shall pay Business Employees who are hired by Buyer (a "Hired Business Employee") the same rate of base pay as was paid to such Hired Business Employee by Seller immediately prior to the Closing Date except to the extent applicable collective bargaining agreements would not so require. If Buyer elects to waive the condition set forth in Section 8.01(i), then effective as of the Closing Date Buyer shall assume all collective bargaining agreements covering Business Employees. Seller shall bear all responsibility for, and related costs associated with, complying with the WARN Act and similar state laws to the extent that the same apply to Business Employees up to the date of Closing; Buyer shall bear all responsibility for, and related costs associated with, complying with the WARN Act and similar state laws to the extent that the same apply to Business Employees from and after the date of Closing.
Termination / Rehire. Effective as of the time immediately prior to the Closing, the Company shall terminate the employment of all those employees of the Sellers listed on Schedule 5.
Termination / Rehire. 56 11.02 Wages.........................................................56 11.03
Termination / Rehire. Effective as of the time immediately prior to the Closing, Seller shall terminate the employment of all those employees of Seller with respect to the Business listed under the caption referencing this Section 11.01 on the Disclosure Schedule. Effective as of the Closing, Buyer shall make offers of employment on such terms and conditions as Buyer, in its sole discretion shall determine, to all the employees listed under the caption referencing this Section 11.01 on the Disclosure Schedule (collectively, the "Offered Employees"); provided, however, that other than for ▇▇▇▇ ▇. ▇▇▇▇, ▇▇▇▇▇▇▇ ▇. Silver and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, during the first 60 days of a Hired Employee's employment, the total compensation and benefits Buyer provides to each Hired Employee will not be substantially less than the total compensation and benefits that such Hired Employee received from Seller immediately prior to termination of employment. Nothing herein shall constitute an agreement to assume or be bound by any previous or existing employment agreement or arrangement between Seller and any employee of Seller, or a guaranty that any Offered Employees shall be entitled to remain in the employment of Buyer for a specified period of time. An Offered Employee who accepts an offer shall become an active employee of Buyer on the day such Person reports to work for Buyer (each a "Hired Employee") eligible for Buyer's initial benefits immediately upon Closing.. Seller shall bear all responsibility for, and related costs associated with, complying with the federal Workers Adjustment and Retraining Notification Act and similar state laws to the extent that the same apply to the Offered Employees and provided that during the 60-day period described above, Buyer has maintained the prescribed level of total compensation and benefits. Buyer shall recognize service with Seller by the Hired Employees prior to the Closing Date as though rendered to Buyer for the purpose of determining benefits eligibility and vesting.
Termination / Rehire. Effective as of the end of the day immediately preceding the Closing Date, Target shall terminate the employment of all Business Employees. Effective as of the Closing Date, Buyer shall make offers of employment (which shall include Buyer's agreement set forth below with respect to participation in Buyer's employee benefit plans) to all Business Employees. Buyer shall pay Business Employees who are hired by Buyer ("Hired Business Employees") the same salary or hourly rate of pay as was paid to such Hired Business Employees by Target immediately prior to the Closing Date. Hired Business Employees shall be given credit by Buyer for the service such employees had with Seller or Target immediately prior to the Closing Date for purposes of participation and vesting under Buyer's Employee Benefit Plans, but only as and to the extent such plans are provided. Effective as of the Closing Date, Buyer shall include Hired Business Employees in its Employee Benefit Plans, but only as and to the extent such plans are provided.