Examples of Scheduled Employees in a sentence
Schedule 3.13 lists, as of the Effective Date, all Employee Benefit Plans established, sponsored, maintained or contributed to (or required to be contributed to) by Seller in respect of the Scheduled Employees.
No liability under Title IV or Section 302 of ERISA or Section 412 of the Code has been incurred by Seller with respect to the Scheduled Employees that has not been satisfied in full, and to Seller’s Knowledge no condition exists that presents a material risk to Seller of incurring any such liability, other than liability for premiums due the Pension Benefit Guaranty Corporation, which premiums have been paid.
Purchaser shall have no obligation to make an offer of employment to, or to hire, any of the Scheduled Employees or any other employees of Sellers; provided, however, that, on or following the Closing Date, Purchaser shall have the right to solicit for employment and hire any Scheduled Employee in accordance with Purchaser’s standard hiring procedures and pursuant to such terms and conditions of employment as Purchaser may establish in its sole discretion.
Prior to the Closing Date, Sellers shall provide Purchaser with a reasonable opportunity to interview each Scheduled Employee and, to the extent permitted by law, Sellers shall give or cause to be given to Purchaser and its representatives and agents reasonable access to the personnel records of each Scheduled Employee for purposes of Purchaser’s determination in soliciting any of the Scheduled Employees for employment on or following the Closing Date.
Sellers shall retain responsibility for any obligation with respect to the Scheduled Employees under the Worker Adjustment Retraining and Notification Act of 1988 and any applicable state or local equivalent arising or accruing on or after the Closing Date.