Rehired Employees definition
Examples of Rehired Employees in a sentence
Section Rehired Employees who have lost their seniority and who are later rehired will be entitled to vacations on the basis of their latest employment date.
Seller shall pay all wages, salaries and benefits (including accrued vacation and sick pay) and any termination obligations accrued up to the Closing Time for the Rehired Employees who accept employment with the Buyer.
Nothing in this Agreement shall be deemed to prevent or restrict in any way the right of Buyer to reassign, promote or demote any of the Rehired Employees after the Closing, or to change favorably or adversely the title, powers, duties, responsibilities, functions, locations, salaries, other compensation or terms or conditions of employment of such employees.
In the event that any such Rehired Employee uses any of such vacation or sick leave during said 180-day period while it is an employee of Buyer or otherwise becomes entitled to be paid for the same during said period, Seller agrees to pay to Buyer promptly after demand setting forth reasonable detail therefor the amount of accrued vacation or sick leave pay paid to such Rehired Employees during said period.
Effective as of the Effective Time, all Rehired Employees shall become employees of Buyer and shall cease to be employees of Seller.