Examples of Company Employees in a sentence
To the knowledge of Seller, no Group Company or any of the Company Employees, Excluded Employees, or Independent Contractors acting on behalf of any Group Company, has taken, committed to take or been alleged to have taken any action which would cause it to be in violation of the U.S. Foreign Corrupt Practices Act or any other Applicable Laws relating to anti-corruption or anti-bribery.
Purchaser shall also cause any Purchaser Benefit Plan in which the Company Employees are eligible to participate and which is intended to be qualified under Section 401(a) of the Code to accept rollovers, including loan rollovers, from any Benefit Plan that is intended to be qualified under Section 401(a) of the Code.
Purchaser shall or shall cause its Affiliates to recognize the service of the Company Employees with Seller and its Affiliates for all employment, including Purchaser Benefit Plan, purposes, except (x) to the extent that such recognition would result in the duplication of benefits, or (y) with respect to benefit accruals under qualified and nonqualified defined benefit pension plans.
No trade union, council of trade unions, employee bargaining agency or affiliated bargaining agent holds bargaining rights with respect to any of the Company Employees with respect to their employment by a Group Company including by way of certification, interim certification, voluntary recognition, related employer or successor employer rights, or has applied, or Threatened to apply, to be certified as the bargaining agent of any of the Company Employees.
On Closing, the Company Employees who currently participate in equity and incentive compensation plans of Seller or its Affiliates will be immediately eligible and entitled to participate in the Purchaser’s or its Affiliates’ equity and incentive compensation plans.