Scheduled Employees definition
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.
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.
The Extended Health Care Plan shall be that plan known as the "Extended Health Care Plan for Scheduled Employees of Canadian Railways" as revised, amended, or superseded by any Agreement to which the parties to this Collective Agreement are signatories.