Examples of Seller Business Employees in a sentence
Seller shall be solely responsible for all severance and any other payments or benefits with respect to any Purchased Subsidiary Employees or Seller Business Employees who terminate employment prior to the Closing and/or who reject an offer of employment with the Buyer or the Purchased Subsidiaries.
Effective as of the Closing, all Seller Business Employees who participate in the Seller's 401(k) Plan shall cease to participate in said plan.
Schedule 3.7 contains a list of the names, titles, job description, aggregate annual compensation and a description of any benefits of all persons employed by Seller ("Business Employees").
Except as otherwise provided in this ARTICLE VI or as otherwise required by applicable law, the Seller Business Employees shall cease to participate in or accrue further benefits under the Business Benefit Plans immediately prior to the Closing.
To the extent Buyer or any of its Affiliates has not already done so prior to the execution and delivery of this Agreement, they shall furnish Seller and, to the extent required German Buyer, with sufficient and accurate information as reasonably required by Seller and German Buyer to fulfill German Seller’s information obligations towards the German Seller Business Employees, and vice versa.
Seller and Buyer or their respective Affiliates shall coordinate and agree the content of the information letters in good faith and without undue delay prior to rendering them to the German Seller Business Employees.
German Seller shall forward without undue delay to Buyer, and German Buyer or Buyer shall forward without undue delay to Seller, copies of any notices of objection received from any of the German Seller Business Employees.
The Buyer shall offer employment commencing on the Closing Date to all Asset Seller Business Employees, including, without limitation, those on vacation, military leave, leave of absence (whether paid or unpaid), disability or layoff, on the terms set forth in Section 9.4.
Except to the extent prohibited by applicable law or regulation, the Buyer shall offer employment commencing the day after the Closing Date to all Seller Business Employees, including those on vacation, military leave, leave of absence (whether paid or unpaid), or short-term disability, other than those Seller Business Employees listed on Schedule 6.1, in accordance with the terms and conditions of this Article VI.
Seller and Buyer shall (or shall cause one of their respective Affiliates to) provide to the Seller Business Employees all information required under Applicable Law in connection with any offers of employment or transfers of employment by operation of Applicable Law contemplated by this Section 9.01(a).