Examples of Hiring Affiliate in a sentence
The Hiring Affiliate shall be responsible for all FICA, payroll and employment taxes relating to the Continuing Employees commencing from the date on which their employment with the Hiring Affiliate commences.
Each Signing Employee (excluding, for the sake of clarity, the Non-Signing Employees) who accepts an offer of employment with the Hiring Affiliate, executes and delivers each Offer Package Agreement and actually becomes employed with the Hiring Affiliate is hereafter referred to as a “Continuing Employee”.
The Company and its Subsidiaries, as appropriate, shall cooperate with and use commercially reasonable efforts to assist the Hiring Affiliate in its efforts to secure satisfactory employment arrangements with the Employees that are compliant with local Laws and to obtain executed Offer Package Agreements from each Employee receiving an offer of employment with the Hiring Affiliate.
The Continuing Employees will be employed by the Hiring Affiliate on an at-will basis (terminable with or without cause and with or without notice) and otherwise on terms of employment determined by the Hiring Affiliate.
Neither Parent nor the Hiring Affiliate is under any obligation to offer employment to, hire or retain any Employee, or provide any Employee with any particular benefits, or make any payments or provide any benefits to those Employees whom the Hiring Affiliate chooses not to employ or subsequently terminates.
Each Key Employee shall not have revoked any element of his Offer Package Agreements or otherwise indicated his intention not to commence employment with the Hiring Affiliate as of and after the Closing.
The Hiring Affiliate following the Closing shall be the Surviving Corporation and such Hiring Affiliate may (but is not obligated to) retain the employment of one or more employees of the Company, on terms and conditions that the Hiring Affiliate determines in its sole discretion.
In connection therewith, Purchaser shall cause such Hiring Affiliate to execute an agreement with Seller in which such Hiring Affiliate accepts and agrees to be bound by the terms and conditions set forth in this Section 6.13.
At any time before or after the Closing Date, the Hiring Affiliate may contact any Key Employees in connection with preparing, making or determining whether to make offers of new employment with the Hiring Affiliate.
All Continuing Employees will be employed by the Hiring Affiliate on an at-will basis (terminable with or without cause and with or without notice) except for Continuing Employees located in a jurisdiction that does not recognize the “at will” employment concept and with respect to the Signing Employees who are Continuing Employees on terms of employment determined by the Hiring Affiliate as set forth in the Offer Package Agreements.