Continued Employees definition
Examples of Continued Employees in a sentence
Seller shall retain responsibility under Seller's welfare plans for claims relating to expenses incurred by Continued Employees and their eligible dependents prior to the Closing Date.
On August 27, 2019, the Department of Educational Technology informed the OIG that, Upon further research, we found that the teacher accounts listed in Exhibit B [of OIG’s June 24, 2019, Management Advisory] were Edgenuity IS accounts.
Following any such transfer of assets, Buyer shall assume all obligations and liabilities of Seller under Seller's 401(k) Plans with respect to such Continued Employees, and Seller shall have no further liability to Buyer or any Continued Employee with respect thereto.
Effective as of the Closing Date, Buyer shall have in effect a workers compensation program for Continued Employees that shall provide coverage identical in all material respects to Seller's workers compensation program as of the Closing Date.
Buyer shall have responsibility under Buyer's Welfare Plans for claims relating to expenses incurred by Continued Employees and their eligible dependents on and after the Closing Date.