Assumption of Employment Agreements; Certain Other Terms of Employment Sample Clauses

Assumption of Employment Agreements; Certain Other Terms of Employment. As of the applicable Employee Transfer Date, the Company or another member of the Company Group shall have used reasonable efforts to assume all employment agreements, individual supplemental benefit agreements and other individual agreements entered into between a Company Transferred Employee and a member of the Pfizer Group, and the Company shall indemnify and hold harmless Pfizer and each member of the Pfizer Group against any Liabilities pursuant to any such agreement. Each Company Transferred Employee shall be required at the request of the Company to execute a new agreement regarding confidential information and proprietary developments in a form approved by the Company. In addition, nothing in the Separation Agreement, this Agreement or any Ancillary Agreement should be construed to change the at-will status of any of the employees of the Pfizer Group or the Company Group.
AutoNDA by SimpleDocs
Assumption of Employment Agreements; Certain Other Terms of Employment. As of the applicable Employee Transfer Date, the Company or another member of the Company Group shall have used reasonable efforts to assume all employment agreements, individual supplemental benefit agreements and other individual agreements entered into between a Company Transferred Employee and a member of the Lilly Group, and the Company shall indemnify and hold harmless Lilly and each member of the Lilly Group against any Liabilities pursuant to any such agreement. In addition, nothing in the Separation Agreement, this Agreement or any Ancillary Agreement should be construed to change the at-will status of any of the employees of the Lilly Group or the Company Group.
Assumption of Employment Agreements; Certain Other Terms of Employment. As of the applicable Employee Transfer Date, Versum or another member of Versum Group shall have used reasonable efforts to assume, whether by agreement or, if applicable, mandatory law, all employment agreements and other individual agreements entered into between a Versum Employee and a member of the Air Products Group (except where a Versum Employee has entered into an agreement with the Versum Group superseding agreements in effect prior to the Employee Transfer Date), and Versum shall indemnify and hold harmless Air Products and each member of the Air Products Group against any Liabilities pursuant to any such agreement. Each Versum Employee shall be required at the request of Versum to execute a new agreement regarding confidential information and proprietary developments in a form approved by Versum. In addition, nothing in the Separation Agreement, this Agreement or any Ancillary Agreement should be construed to change the at-will status of any of the employees of the Air Products Group or Versum Group. For the avoidance of doubt, nothing in this Agreement is intended to create an “at-will” employment status in respect of any of the employees of the Air Products Group where such “at-will” status does not already apply during their employment within the Air Products Group.

Related to Assumption of Employment Agreements; Certain Other Terms of Employment

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Terms of Employment This Section 2 sets forth the terms and conditions on which the Company agrees to employ Executive during the period (the “Protected Period”) beginning on the first day during the Term of this Agreement on which a Change of Control occurs and ending on the second anniversary of that date, or such earlier date as Executive’s employment terminates as contemplated by Section 3.

  • Amendment of Employment Agreement The Employment Agreement is hereby amended as follows:

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

Time is Money Join Law Insider Premium to draft better contracts faster.