Examples of Offer Employees in a sentence
Any offers of employment made to Offer Employees who are anticipated to be Actively at Work on the Closing Date shall provide for employment with Purchaser or an Affiliate of Purchaser to commence effective as of 12:00 A.M., local time, on the Closing Date.
Prior to the execution of the Merger Agreement, the Company provided to Parent a true and complete census (the “Employee Census”), as of the date provided, of all (i) employees of a SpinCo Group Member, (ii) employees of a Direct Sale Transferred Subsidiary, (iii) Automatically Transferring Tiger Employees, and (iv) Offer Employees, with each individual identified by name (where permitted by Applicable Law), employee identification number, employing entity, location, title and active or inactive status.
Effective as of the Closing Date, Purchaser shall, or shall cause one if its Affiliates to, assume each Labor Contract to which Seller or any of its Affiliates is a party or by which Seller or any of its Affiliates is bound that relates to Offer Employees.
Seller has provided copies of employment files and records with respect to the Offer Employees.
Seller and Purchaser shall cooperate in good faith to encourage each Offer Employee to accept Purchaser’s or its affiliate’s or the applicable PEO’s Compliant Offer; provided that neither Seller nor Purchaser shall be required to pay any additional compensation to such Offer Employees.