Acquired Employees. (a) Buyer shall, or shall cause one or more of the Acquired Companies to, offer employment to all of the Business Employees who are actively at work on the Closing Date and are employed by Seller or one of its affiliates (after giving effect to the Merger) other than the Acquired Companies. Such employment will be effective as of immediately following the Closing Date. Buyer shall cause the Acquired Companies initially to continue to employ all of the Business Employees who are employed on the Closing Date. With respect to Business Employees other than Business Employees who are covered by a collective bargaining agreement (each a “Union Employee” and collectively, the “Union Employees”), such offers of employment or continued employment, as the case may be, shall be on terms and conditions substantially equivalent in the aggregate to those of similarly situated employees of any Buyer in the same or similar geographic area and business. Prior to the Closing, neither Seller nor its directors or officers shall either directly or indirectly, induce or encourage any of the Business Employees to decline Buyer’s offers of employment or become employed by Seller. Such Business Employees who accept such offer of employment and become employees of Buyer or an Acquired Company or who continue such employment with the Acquired Companies shall be referred to herein as “Acquired Employees.”
Acquired Employees. Subject to the provisions of this Article 8 and to any employment agreements to be executed by any Acquired Employees on or prior to the Closing Date or otherwise in effect as of the date hereof, the Acquired Employees will remain at-will employees of the Company immediately following the Effective Time, unless otherwise required by applicable Law.
Acquired Employees. (a) Within ten (10) days prior to the Closing, (i) Seller shall provide Buyer with a list of Business Employees as of such date and (ii) Seller shall use commercially reasonable efforts to provide Buyer with a list of employees who provide services with respect to the Business who are not Business Employees as of such date. Buyer shall, or shall cause one or more of the Acquired Companies to, offer employment to, or employ all of the Business Employees who are actively at work on the Closing Date and are employed by Seller or any Seller Entity or one of its affiliates (after giving effect to the Merger) other than the Acquired Companies. Such employment will be effective as of immediately following the Closing Date. Buyer shall cause the Acquired Companies initially to continue to employ all of the Business Employees who are employed on the Closing Date. With respect to Business Employees other than Business Employees who are covered by a collective bargaining agreement (each a “Union Employee” and collectively, the “Union Employees”), such offers of employment or continued employment, as the case may be, shall be on terms and conditions substantially equivalent in the aggregate to those of similarly situated employees of Buyer in the same or similar geographic area and business as the Business. Prior to the Closing, neither Seller, the Seller Entities, nor their respective directors or officers shall either directly or indirectly, induce or encourage any of the Business Employees to decline Buyer’s offer of employment or become employed by any of the Seller Entities. Such Business Employees who accept such offer of employment and become employees of Buyer or an Acquired Company or who continue such employment with the Acquired Companies shall be referred to herein as “Acquired Employees.”
Acquired Employees. (a) Xxx shall, after notifying Buyer of its intent thereto and after first allowing Buyer to be present at and to participate during or in connection with such notification (if Buyer desires), provide all Business Employees with notification of the sale of the Business and the termination of each such employee’s employment with Xxx on the Closing Date as a result thereof. Xxx shall pay final wages to each Business Employee for work performed up to the Closing Date within such time period as required by applicable state Law. Buyer shall, or shall cause one or more of its Affiliates to, offer employment to, and employ all of the Business Employees employed by Xxx on the Closing Date (each a “Hired Employee” and collectively, the “Hired Employees”). Such employment will be effective as of the Closing on terms and conditions substantially equivalent in the aggregate to those currently received by such Business Employee (excluding any Benefit Plan or plan comparable thereto not currently offered to the employees of Buyer and its Affiliates). Prior to the Closing, neither Xxx nor its Representatives shall induce or encourage any of the Business Employees to decline Buyer’s offers of employment or become employed by Xxx.
Acquired Employees. 38 7.2 Compensation .................................................. 38 7.3 Severance ..................................................... 38 7.4 Paid Time Off ................................................. 38 7.5
Acquired Employees. Subject to the provisions of Sections 7.3 and 7.4 below, all Acquired Employees shall remain or become at-will employees (subject to any existing employment agreements or agreements to be entered into as a condition to Closing or post-Closing that alter the nature of the at-will employment) of NextNet or one of its Affiliates immediately following the Closing with no break in service.
Acquired Employees. Buyer or its Affiliates shall make offers of employment to all BH Media Employees who are employed on the Closing Date. Any employment of a BH Media Employee with Buyer or its Affiliates will be effective as of immediately following the Closing Date. Such offers of employment shall be on terms and conditions substantially similar in the aggregate to the current terms of employment of each BH Media Employee, within the current state of such BH Media Employee’s current employment and not more than 50 miles from such BH Media Employee’s current employment location. BH Media Employees who accept such offer of employment and become employees of Buyer or an Affiliate of Buyer shall be referred to in this Agreement as “Acquired Employees.”
Acquired Employees. Listed on SCHEDULE 4.4 are all of the active and inactive employees of the Business, including without limitation those on layoff, any type of medical leave (including on family and medical leave, workers' compensation or other), or any other leave (collectively, the "Autospecialty Employees"). Subject to the provisions contained in Article 7 of this Agreement and except for any excluded employees listed on Schedule 4.4 (the "Excluded Employees"), Purchaser shall hire and shall otherwise assume all post-Closing liability for all Autospecialty Employees (the Autospecialty Employees, excluding the Excluded Employees, are hereinafter collectively referred to as the "Acquired Employees"). Notwithstanding the foregoing, nothing in this Agreement shall be deemed in any way to modify the at-will employment status of any Acquired Employee who maintains such at-will employment status immediately prior to the Closing.
Acquired Employees. Employees who became Employees as the result of certain acquisitions or dispositions as described under Code Section 410(b)(6)(C). Such Employees will be excluded from participation during the transition period beginning on the date of the change in the members of the group and ending on the last day of the first Plan Year beginning after the date of the change. A transaction under Code Section 410(b)(6)(C) is an asset or stock acquisition, merger, or similar transaction involving a change in the employer of the employees of a trade or business. Notwithstanding the preceding, Employees who are not eligible to participate in the Plan because of their classification as “part-time, seasonal or temporary employees, or any other employment classification that is directly or indirectly based on the number of Hours of Service that an Employee is customarily scheduled to work, will become eligible to participate in the Plan as of the Entry Date coincident with or next following such Employee’s satisfaction of 1,000 Hours of Service in an Eligibility Computation Period.
Acquired Employees. The following represents a listing of the employees to be transferred as part of this Agreement: Name Title Salary (annual) ---- ----- --------------- Chrix Xxxxxx Xroject Manager $55,000 Mike Xxxxxxxx Xxrector Consulting & Development $65,000 Phil Xxxxxx Account Executive $60,000
