Examples of Company Continuing Employees in a sentence
For the twelve-month period commencing on the Effective Time, Parent shall cause the Surviving Company and each of its Subsidiaries, as applicable, to provide the Company Continuing Employees with eligibility for severance benefits consistent with those described in Schedule 5.08(b)(i).
On or as soon as practicable following the Closing Date, as determined by Broadcom, continuing employees of Company ("Continuing Employees") shall be eligible to participate in those benefit plans maintained for similarly situated employees of Broadcom (or in substantially similar programs), on the same terms applicable to similarly situated employees of Broadcom.
In the event of any such termination, Parent shall use commercially reasonable efforts to cause any New 401(k) Plan to accept direct rollovers from such Company 401(k) Plan with respect to accounts of the Company Continuing Employees, which rollover may consist of cash, a promissory note (as described below) or any combination thereof from such Company 401(k) Plan.
Parent shall, or shall cause the Parent Subsidiaries, including the Surviving Corporation, to assume, honor and continue each of the Company’s 2024 annual cash bonus plans that are in effect at the Effective Time, solely as such plans apply to the calendar year 2024, without any amendment or modification thereto, other than an amendment or modification required to comply with applicable Law or that is consented to by the Company Continuing Employee(s) impacted by such amendment or modification.
Parent shall waive or shall cause the Surviving Corporation or any of their Subsidiaries to waive limitations as to pre-existing conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to Company Continuing Employees to the extent such limitations were not applicable to such Company Continuing Employees under the comparable Company Employee Plans as of the time immediately preceding the Closing.
The Shareholder shall retain responsibility for any COBRA obligation to any Company Continuing Employees or former employee of the Shareholder who has elected to receive or has the right to elect to receive COBRA under any of the Shareholder’s group medical plans.
Most ethical decision-making models are generally based on Rest's (1986) original framework, which considers moral decision-making as involving four fundamental processes: recognizing the moral issue, making a moral judgement, establishing moral intent, and engaging in moral action.
This Section 7.14 shall be binding upon and inure solely to the benefit of each of the parties to this Agreement, and nothing in this Section 7.14, express or implied, shall confer upon any Company Continuing Employees, any beneficiary, or any other Person any rights or remedies of any nature whatsoever under or by reason of this Section 7.14, including without limitation the right to continued employment with the Company after the Effective Time.
Parent shall, or shall cause the Surviving Corporation and each applicable Subsidiary to, use commercially reasonable efforts to waive, or cause to be waived, any pre-existing condition limitations, exclusions, evidence of insurability, actively at work requirements and waiting periods under any welfare benefit plan in which the Company Continuing Employees (and their eligible dependents) will be eligible to participate from and after the Effective Time.
Each Company Continuing Employee who is a participant in the Company’s 401(k) plan shall be eligible to participate in Parent’s 401(k) plan as soon as administratively practical after the Effective Date, and account balances under the terminated Company 401(k) plan will be eligible for distribution or rollover, including direct rollover of both cash and promissory notes to Parent’s 401(k) plan for the Company Continuing Employees.