Affected Employees definition
Examples of Affected Employees in a sentence
Except as otherwise provided in this Section 8.1(d) and the Disclosure Schedules thereunder, Buyer and its Affiliates shall have no obligation or Liability to provide retention, severance or any similar benefits to the Affected Employees under, or with respect to, any Employee Plan.
Notwithstanding anything contained in this Agreement to the contrary, during the one (1)-year period following Closing, Buyer shall not (and shall cause its Affiliates not to) terminate, or amend or modify in a manner that is adverse to the interests of the Affected Employees, the Severance Plan.
In addition, Seller shall reimburse Buyer (or its Affiliate) for any and all costs associated with paying severance benefits under the Severance Plan to that certain subset of such Affected Employees, during that certain period, and up to that certain amount, in each case, as set forth in Section 8.1(d)(ii) of the Disclosure Schedules.