Continued Employment of Employees Sample Clauses

Continued Employment of Employees. Until at least [omitted], Buyer shall, or shall cause one of its subsidiaries to, provide to each Employee who is employed on the Closing Date and who remains employed with Buyer or one of its subsidiaries, for so long as such Employee remains so employed (each, a “Continued Employee”):
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Continued Employment of Employees. The Company, Alarm and the Merger Sub agree and acknowledge that the consummation of the transactions contemplated by this Agreement shall not by the terms hereof alter or change the status of the Company’s employees and immediately after the Closing such employees will continue to be employed by the Company either on an at-will basis or subject to the terms of any written agreements between the Company and such employees. In addition, Alarm and the Merger Sub anticipate establishing management and key employee incentives for Company employees following the Closing.
Sample 1
Continued Employment of Employees. On and after the Effective Time, the Buyer shall offer employment to each of the Seller's employees identified on Schedule 1.4 attached hereto and made a part hereof (the "Division Employees") on substantially the same terms and conditions that each such employee enjoyed up to the Effective Time from the Seller. The Buyer shall offer such employment to the Division Employees at the location where each such employee performed his or her respective duties for the Seller prior to the Effective Time. The starting date of employment of each such employee with the Buyer shall be the start of business on the day immediately following the Effective Time. If the employment of a Division Employee is terminated by the Buyer on or after the Effective Time, the Buyer shall be responsible for payment of the costs of termination, including, but not limited to, under WARN with respect to the Division Employees and any and all other employees of the Seller, and providing each such Division Employee with the health and medical plan coverage (if any) required to be provided to such Division Employee by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. The Seller has, and shall have, no obligation to the Buyer to transfer to the Buyer any Internal Revenue Service Forms W-4 and W-5. The Buyer shall give credit to each Division Employee for all periods worked for the Seller, as if during each period such employee had worked for the Buyer, with respect to the determination of vacation from and after the Effective Time and such other rights to which such employee may be entitled, except for any rights accrued under any pension or retirement plans during their employment by the Seller. A reasonable time following the execution and delivery of this Agreement, the Seller shall pay each of the Division Employees all of his or her accrued and unused vacation time as of the Effective Time with respect to such employee's employment by the Seller. Nothing herein shall be deemed to prevent the Buyer from terminating the
Sample 1

Related to Continued Employment of Employees

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee’s employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee’s employment at any time in any lawful manner.

  • Continued Employment The Option granted hereunder shall confer no right on Optionee to continue in the employ of the Company or any Subsidiary, or limit in any respect the right of the Company or any Subsidiary (in the absence of a specific agreement to the contrary) to terminate Optionee's employment at any time.

  • Statement of Employment An employer shall, in the event of termination of employment, provide upon request to the employee who has been terminated a written statement specifying the period of employment and the classification or type of work performed by the employee.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • TERMINATION OF EMPLOYMENT CONTRACT A. This Contract shall terminate, the Superintendent's employment will cease, and no compensation shall thereafter be paid, under any one of the following circumstances:

  • Continuing Employment Continuing employment means full-time or part-time employment which has no fixed end date or contingency upon which the employment contract will come to an end. All employment, other than fixed term employment and casual employment, is continuing employment.

  • Condition of Employment The Employee acknowledges that his/her employment and the continuance of that employment with the Company is contingent upon his/her agreement to sign and adhere to the provisions of this Agreement. The Employee further acknowledges that the nature of the Company’s business is such that protection of its proprietary and confidential information is critical to its survival and success.

  • Employment of Executive Employer hereby agrees to employ Executive, and Executive hereby agrees to be and remain in the employ of Employer, upon the terms and conditions hereinafter set forth.

  • Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.

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