Examples of Assumed Employment Agreements in a sentence
We may need to contact a representative about the works when they start or in the case of an emergency, often this can be someone other than the person who made the application.
All such policies are in full force and effect, all premiums due thereon have been paid and Sellers and each of their Affiliates that owns or has any right, title or interest in an Acquired Asset or that employs the Business Employees or that is the counterparty to the Assumed Employment Agreements or Assumed Consulting Agreement are otherwise in compliance in all material respects with the terms and provisions of such policies.
Without limiting any obligations or liabilities of Buyer with respect to any Assumed Employment Agreements, all offers of employment shall include each Designated Employee’s annual compensation which shall be comparable to that provided by Sellers immediately prior to the Closing Date.
Except for the One-Time Bonus Obligations and subject to Section 5.14 hereof, the Purchaser shall assume all obligations and liabilities of the Seller and General American Holding Company ("GAHC") under each of the Employment Agreements (collectively, the "Assumed Employment Agreements"); provided, however, that the Seller shall reimburse the Purchaser for 100% of amounts paid under Section 6 of Franxxx X.
Effective as of the Closing Date, except with respect to the One-Time Bonus Obligations and the Arnau Severance Reimbursement Obligation, the Purchaser and the Company shall release the Seller and GAHC from any and all obligations and liabilities under the Assumed Employment Agreements and shall indemnify the Seller and GAHC from and against any and all claims thereunder.
Assumed Employment Agreements include the employment agreements as may have been amended, for the following six individuals: • Xxxxx X.
Buyer shall assume the Assumed Employment Agreements and shall adopt a retirement savings plan ("Buyer's Plan") for Sellers' Employees who are employed by Buyer.