TRANSITION OF SCHEDULED EMPLOYEES Sample Clauses

TRANSITION OF SCHEDULED EMPLOYEES. (a) The employees of the Sellers listed on Schedule 7.2 are collectively referred to as "Scheduled Employees." Subject to Section 7.2, the Sellers agree to offer to continue to employ each of the Scheduled Employees, at such Scheduled Employee's existing terms of employment for the time period set forth next to each Scheduled Employee's name on Section 7.2 (the "Employment Term"); provided, however, that it is understood that all such employees are employed "at will" and may terminate their employment with the Sellers at any time; and provided, further, that the Sellers may terminate or demote any of the Scheduled Employees at their sole discretion at any time if any such employee violates company policy. Notwithstanding the foregoing, no later than thirty (30) days prior to the end of the applicable Employment Term, the Buyer shall inform the Sellers which of the Scheduled Employees to whom the Buyer will make offers of employment. Any Scheduled Employee to whom Buyer makes an offer of employment and who accepts such offer of employment (the "New Buyer Employees") shall be subject to the Buyer's standard employment practices and policies upon the commencement date of such New Buyer Employee's employment with the Buyer, such commencement date to be agreed upon by each New Buyer Employee and the Buyer (the "Start Time"). The employment of each New Buyer Employee with the Sellers shall terminate upon the earlier to occur of either (i) the Start Time or (ii) the end of the applicable Employment Term. The terms of employment with the Buyer (or the Buyer's Affiliates) shall be as mutually agreed between each New Buyer Employee and the Buyer (or the Buyer's Affiliate, as the case may be), subject to the provisions of this Section 7. As of the Start Time, all New Buyer Employees will be under the exclusive supervision of the Buyer and subject to the Buyer's policies and procedures. The Sellers shall waive any non-compete provisions of employment or other contracts with Sellers that would affect the ability of the New Buyer Employees to be employed by the Buyer in connection with the Program from and after the Start Time. (b) If the Buyer reasonably designates a Scheduled Employee as critical to the performance of the Transition Plans, and if such Scheduled Employee is terminated prior to the end of the applicable Employment Term for any reason or no reason, the Sellers shall use commercially reasonable efforts to identify another existing employee of the Sellers ...
Sample 1
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TRANSITION OF SCHEDULED EMPLOYEES. Subject to and in accordance with the provisions of this Section 7, effective as of the Closing Date, Medarex shall offer employment to those employees of the Sellers listed on Schedule 7.1 to the Seller Disclosure Memorandum (the "Scheduled Employees"), and such Scheduled Employees who accept employment with Medarex after the Closing Date (the "New Medarex Employees") shall be subject to Medarex's standard employment practices and policies. The employment by the Sellers of each Scheduled Employee shall terminate as of 11:59 p.m. on the Closing Date, and the at-will employment by Medarex of the New Medarex Employees shall commence as of (i) 12:00 a.m. midnight on the date immediately after the Closing Date, provided that such New Medarex Employee has accepted employment with Medarex by such time or within five (5) business days after the Closing Date or (ii) such later time as such New Medarex Employee has accepted employment with Medarex (the "Start Time"). The terms of employment with Medarex (or Medarex's Affiliates) shall be as mutually agreed between each New Medarex Employee and Medarex (or Medarex's Affiliate, as the case may be), subject to the provisions of this Section 7. As of the Start Time, all New Medarex Employees will be under the exclusive supervision of Medarex and subject to Medarex's policies and procedures.
Sample 1

Related to TRANSITION OF SCHEDULED EMPLOYEES

  • Rehired Employees Amounts forfeited upon termination of employment because of the failure to meet the applicable vesting requirements shall not be reinstated or re-credited if an individual is subsequently rehired or re-employed by the School Corporation. However, if the board shall have approved a leave of absence of not more than one (1) fiscal year for an employee, such period of leave shall not result in forfeiture provided the employee shall promptly return to employment following the expiration of the period of leave.

  • Displaced Employees In the event of a reduction in the work force, regular employees shall be laid-off in reverse order of seniority, provided that there are available employees with greater seniority who are qualified and willing to do the work of the employees laid-off. An employee who is qualified and yet unwilling to do the work shall be laid-off.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Disabled Employees If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Public Employees Retirement System “PERS”) Members.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

  • Shift Employees Employees who work rotating shift patterns or those who work qualifying shifts shall be entitled, on completion of 12 months employment on shift work, to up to an additional 5 days annual leave, based on the number of qualifying shifts worked. The entitlement will be calculated on the annual leave anniversary date. Qualifying shifts are defined as a shift which involves at least 2 hours work performed outside the hours of 8.00am to 5.00pm, excluding overtime. Number of qualifying shifts per annum Number of days additional leave per annum 121 or more 5 days 96 – 120 4 days 71 – 95 3 days 46 – 70 2 days 21 – 45 1 day

  • CONTRACT EMPLOYEES Contained in Annexure D.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

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