Xxxxxxx Polymer Employee Receives Offer For a Set Term Sample Clauses

Xxxxxxx Polymer Employee Receives Offer For a Set Term. An offer of employment from Buyer in accordance with this Section 12.03(a) shall be an “Offer For a Set Term” if it is limited, by its express terms, to a predetermined period of less than two years measured from the effective date of the offer. Except as provided in Section 12.03(c), neither Sellers nor Buyer (nor their Affiliates) shall be obligated to provide any Severance Benefits to any Xxxxxxx Polymer Employee who accepts an offer of employment from Buyer, even if such offer is an Offer for a Set Term. Neither Sellers nor Buyer shall be obligated to provide any Severance Benefits to any Xxxxxxx Polymer Employee who receives a Qualifying Offer from Buyer or its Affiliates but who declines such Qualifying Offer, even if the offer is an Offer for a Set Term. (a) hereto to any Xxxxxxx Polymer Employee who declines an Offer for a Set Term that does not otherwise meet the requirements for a Qualifying Offer, provided that such Xxxxxxx Polymer Employee is not employed by JohnsonDiversey or its Affiliates, or by the Buyer or one of its Affiliates, on the day immediately following the Closing Date. Buyer shall reimburse Sellers or their Affiliates, as the case may be, for the cost of any and all such Severance Benefits provided by Sellers or their Affiliates to any former Xxxxxxx Polymer Employee described in the prior sentence. If JohnsonDiversey or one of its Affiliates hires any such Xxxxxxx Polymer Employee following the day after the Closing and within six (6) months of the Closing, then Sellers shall reimburse Buyer for one hundred percent (100%) of the cost of any Severance Benefits which were reimbursed by Buyer with respect to such Xxxxxxx Polymer Employee, and (y) if JohnsonDiversey or one of its Affiliates hires any such Xxxxxxx Polymer Employee more than six (6) months after the Closing but less that eighteen (18) months after the Closing, then Sellers shall reimburse Buyer for fifty percent (50%) of the cost of any Severance Benefits which were reimbursed by Buyer with respect to such Xxxxxxx Polymer Employee. The parties agree to in good faith to determine the timing of payment and/or reimbursement of the Severance Benefits by Sellers and their Affiliates and Buyer hereunder.
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Related to Xxxxxxx Polymer Employee Receives Offer For a Set Term

  • Qualifying Period If a regular employee is promoted or transferred to a position, then that employee shall be considered a qualifying employee in her new position for a period of ninety (90) calendar days. If a regular employee is promoted or transferred to a position either within or outside the certification and is found to be unsatisfactory, she shall be returned to her previously held position. If a regular employee is promoted to a position, either within or outside the certification, and finds the position to be unsatisfactory, she shall be returned to her previously held position.

  • Compensation for Holidays Falling Within Vacation Schedule If a paid holiday falls on or is observed during an Employee's vacation period, she shall be allowed an additional vacation day with pay at a time mutually agreed upon by the Employer and the Employee.

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  • Sick Leave Separation Cash Out At the time of retirement from state service or at death, an eligible employee or the employee’s estate will receive cash for their compensable sick leave balance on a one (1) hour for four (4) hours basis. For the purposes of this Section, retirement will not include “vested out of service” employees who leave funds on deposit with the retirement system.

  • Unbroken Vacation Period An Employee shall receive an unbroken period of vacation unless mutually agreed upon between the Employee and the Employer.

  • Employee-Requested Schedule Changes Overtime-eligible employees’ workweeks and work schedules may be changed at the employee’s request and with the Employer’s approval, provided the Employer’s business and customer service needs are met and no overtime expense is incurred.

  • Period of Continuous Service Period of Notice Up to 1 Year 1 Week More than 1 Year but less than 3 Years 2 Weeks More than 3 Years but less than 5 Years 3 Weeks More than 5 Years 4 Weeks

  • Alternative Employment An employer, in a particular redundancy case, may make application to the Commission to have the general severance pay prescription varied if the employer obtains acceptable alternative employment for an employee.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice. B) In addition to the twenty-eight (28) calendar day notice, regular employees in positions above the level of general staff nurse shall inform the Employer of their intention to terminate as soon in advance as possible. C) The period of notice as set forth in (A) above must be for time scheduled to be worked and must not include accrued vacation, unless such vacation has been previously scheduled and approved in accordance with Article 45.03 -

  • Subsequent Employment Those teachers whose employment commences after the start of the school year shall pay a pro-rated amount equal to the percentage of the remaining school year.

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