Examples of Union Transferred Employees in a sentence
The Union Employees who are actively at work on the Closing Date shall hereafter be called "Union Transferred Employees".
In accordance with Section 9.01(b), as of the Closing, Buyer shall provide the medical benefits required by the terms of the Collective Bargaining Agreement to Union Transferred Employees and their beneficiaries.
Seller agrees to cooperate and provide such information as is necessary for Buyer to provide such coverage to the Union Transferred Employees.
To the extent that the Collective Bargaining Agreements contain provisions pertaining to employee benefits, the Company shall provide the Union Transferred Employees with benefits that are identical to those required to be provided under the terms of such Collective Bargaining Agreements, as the same shall be amended from time to time.
Buyer will recognize the Union as the exclusive representative of the Union Transferred Employees and will adopt the CBAs provided, however, that Buyer will not adopt the provisions of the CBAs as they relate to employee benefits including health and welfare, sickness and disability, and pension benefits.
For Union Transferred Employees and each group of Acquired Company Employees who are covered by a collective bargaining agreement between a union and an Acquired Company as of the date hereof or the Closing Date, Orhan agrees that such collective bargaining agreement shall remain in effect under its present terms until such time as the applicable Purchaser or Acquired Company may have a right to modify or terminate the collective bargaining agreement in accordance with its terms and applicable Law.
Buyer shall provide to all Non-Union Transferred Employees and to all Non-Refinery Union Transferred Employees employee benefits in accordance with employee benefit plans (such as defined benefit plans, defined contribution plans and welfare benefit plans), programs, policies and pay practices (such as vacations, bonuses and short-term disability leaves) which shall be the same as or better than the benefits provided to substantially similar employees of Buyer.
In the event any Transferred Employees or Union Transferred Employees separate from employment with Buyer (or its applicable Subsidiaries) for any reason prior to the first (1st) anniversary of the Closing Date, Buyer shall pay such Transferred Employee or Union Transferred Employee upon separation from Buyer (or its applicable Subsidiaries) all vacation, floating holidays, and sick leave contemplated in the first sentence of this Section 6.16(h) that is unused as of the date of such separation from Buyer.
Seller and Purchaser agree that the appropriate Asset Selling Entities will retain all liabilities under the Pension Plan For Dxxx Automotive Aftermarket Group Employees with respect to the Union Transferred Employees for benefits accrued prior to the Closing Date, and the Seller and Orhan agree that neither Orhan nor the applicable Purchaser shall provide benefits to the Union Transferred Employees under the Pension Plan For Dxxx Automotive Aftermarket Group Employees.
Buyer shall, or shall cause its Subsidiaries to, provide under the Buyer Spending Account Plans that such Company Employees and Union Company Employees who become Transferred Employees or Union Transferred Employees and their dependents will continue their prior participation without interruption and will incur no loss of eligibility for the existing plan year in which the Closing Date occurs.