Examples of TSA Expiration Date in a sentence
How identified after the Completion Date If following the Completion Date and ending on the date that is [***] from the TSA Expiration Date, the Seller identifies any Know-How that was generated by or on behalf of the Seller for use exclusively with the Programmes and that should have been included in Exhibit 1 (Clinical Trial Master File Information) or Exhibit 3 (Production Information) then the Seller shall notify the Purchaser and the Parties agree to update the relevant Exhibit.
Merchant shall continue until the date all employees are terminated by Merchant to be hired by Buyer,Benefits TSA Expiration Date and, thereafter, Buyer shall maintain, in full force and effect workers’ compensation insurance (including employer liability insurance) covering all Retained Employees in compliance with all statutory requirements.
At least five (5) Business Days prior to the Closing Date, Buyer shall provide Sellers a list of Covered Employees to which Buyer would like to make an offer of employment bifurcating between the Covered Employees that will be offered employment effective as of the Closing and the Covered Employees at Sellers’ [LAX Distribution Center] (the “LAX Distribution Center”) which will be offered employment effective as of the Benefits TSA Expiration Date.
Each Covered Employee who accepts such offer of employment shall be deemed a “Transferred Employee” from and after the date his or her offer becomes effective (i.e. on the Closing Date or the Benefits TSA Expiration Date, as applicable.
Merchant shall continue until the Benefits TSA Expiration Date and, thereafter, Buyer shall maintain, in full force and effect workers’ compensation insurance (including employer liability insurance) covering all Retained Employees in compliance with all statutory requirements.
Any such offer of employment (i) will be contingent upon the Closing, and will be effective as of the Closing Date or as of the Benefits TSA Expiration Date, as applicable, and (ii) will be on terms and conditions, including compensation and employee benefits, to be determined by Buyer in its discretion, which terms and conditions are expected to be reasonably comparable to the Covered Employees’ employment terms and conditions as in effect immediately prior to the Closing.
Buyer shall be liable and hold Seller harmless for any claims relating to the employment of any Transferred Employee arising in connection with or following the Closing, or any Other Transferred Employee arising following the TSA Expiration Date.
Upon the request of the Purchaser, the Seller shall cause its applicable Affiliate to waive any non-competition or similar restrictive covenant that such Business Employee has entered into with such Affiliate if the Purchaser desires to offer employment to such Business Employee after the TSA Expiration Date.