Corporation Employees Sample Clauses

Corporation Employees. (a) As soon as administratively practicable after the Closing Date, the employees of the Corporation shall cease participation in any and all Employee Benefit Plans of the Corporation and from and after the Closing Date, Purchaser shall provide to each employee of the Corporation employee benefits and incentives that are the same or similar in all material respects to the benefits and incentives that are currently provided by Purchaser or its Affiliates to its similarly-situated employees; provided, however, that as required by law, the Corporation’s employees will continue to participate in the Corporation’s SIMPLE XXX Plan through and including December 31, 2007 and will not be eligible to participate in Purchaser’s qualified 401(k) Plan until January 1, 2008.
Sample 1
AutoNDA by SimpleDocs
Corporation Employees. If any employee is a voting member of the Board of Trustees, such employee is precluded from discussion and voting on matters pertaining to that employee’s compensation; provided, however, that no employee is prohibited from providing information to the Board of Trustees regarding compensation
Sample 1
Corporation Employees. In addition, the Executive shall no longer participate in any of the salary continuation, contingent compensation, stock purchase or other benefit plans or arrangements described in this Agreement. In his capacity as consultant, the Executive shall assist the Bank and/or Corporation in their marketing endeavors, shall advise the respective Boards of the Bank and/or Corporation on various matters, and shall provide other services as the Bank and/or Corporation require. For so long as Executive performs these services as consultant, the Bank or Corporation shall pay Executive $1,666.67 per month. The term of Executive's services as consultant shall be consecutive one month terms, and can terminate at any time with thirty (30) days written notice by either party. If not previously terminated, the consulting arrangement set forth in this Paragraph shall terminate automatically after thirty six (36) months. Executive agrees that, during the term of the consulting arrangement and for a period of twelve (12) months thereafter, he shall continue to honor the Nondisclosure (Paragraph 7) and the Restrictive Covenant (Paragraph 8) provisions of this Agreement.
Sample 1
Corporation Employees. 22 SECTION 2.10 PAYMENT OF CONSIDERATION. ....................................................................... 22 SECTION 2.11
Sample 1
Corporation Employees. (1) From and after the Effective Time, the Purchaser shall cause the Corporation to honour and comply in all material respects with all of the obligations of the Corporation under employment agreements with current or former employees, and for a period of 12 months following the Effective Time shall cause the Corporation to provide the Corporation Employees with benefits and total compensation that are substantially equivalent to those currently provided by the Corporation under the Employee Plans; provided that no provision of this Section 2.9 shall (i) give any Corporation Employees any right to continued employment, (ii) affect or otherwise increase the severance, post-termination benefits or other termination entitlements of Corporation Employees under their employment agreements or applicable Law, (iii) impair in any way the right of the Corporation to terminate the employment of any Corporation Employee at any time, or (iv) prevent the Purchaser, the Corporation or any successor to the Corporation to terminate or modify the Employee Plans. (2) Notwithstanding anything in this Section 2.9 to the contrary, the terms of this Section 2.9 shall not apply to any Corporation Employee who is covered by a Collective Agreement and instead, the terms and conditions of employment of each such Corporation Employee following the Effective Time shall be governed by the terms of the applicable Collective Agreement. Section 2.10
Sample 1
Corporation Employees. 44 19.3 Time-keeping, Records and Notices...............................................45 19.4 Closing of an Institution and Severance Obligations.............................45 19.5
Sample 1
Corporation Employees. 19.2.1 Except in emergency situations, not to exceed a twenty-four (24) hour period, a Corporation employee at any of the Institutions and Borough Houses shall not be permitted additional employment by the Contractor to provide Contract Services without the prior written approval of the Chief Executive, and only provided such additional employment or approved dual employment arrangement does not conflict with such Corporation employee's regularly prescribed duties. Such approval shall be given only after written application by the Contractor shall have been delivered to the Chief Executive describing the assigned work schedule of the applicable Corporation employee(s). In the event that the Chief Executive approves the additional employment of a Corporation employee by the Contractor, the Time Records with respect to such Corporation employees shall be clearly noted to reflect that such employment is in addition to the prescribed work hours for Corporation pay. The Contractor shall pay applicable rates for Corporation employees covered by the federal Fair Labor Standards Act. Personnel of the Corporation who are classified in either the Managerial or Executive Pay Plans of the Corporation and who have responsibility for administering this Agreement shall not be paid by, or on behalf of, the Contractor for services rendered to the Contractor.
Sample 1
AutoNDA by SimpleDocs
Corporation Employees. From and after the Closing, Purchaser shall honour and perform, or cause the Acquired Companies to honour and perform, all of the obligations of the Acquired Companies under employment and other agreements with current or former employees, and for a period of 12 months following the Closing, shall provide the Employees of the Acquired Companies with benefits and total compensation that in the aggregate are substantially similar to those provided by the Acquired Companies, prior to the Closing Date; provided that no provision of this Section 7.5 shall give any Employee of the Acquired Companies any right to continued employment or impair in any way the right of the Acquired Companies to terminate the employment of any employee of the Acquired Companies. Notwithstanding the foregoing, Purchaser shall be permitted to make changes to employee compensation within such 12 month period with the consent of the affected Employees or Seller, such consent by Seller not to be unreasonably withheld.
Sample 1

Related to Corporation Employees

  • Salaried Employees 1. Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are assigned to a class or pay grade, if the class has multiple pay grades, with a top step regular biweekly rate, without bonuses, above the top step regular biweekly rate for the class of Shift Superintendent Wastewater Treatment I shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in Los Angeles Administrative Code section 4.113(b). Salaried employees may be assigned 5/40, 4/10, 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absence from work for less than a full workday. This provision applies to occasional partial day absences from work which is authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Corporation, etc The Buyer is a corporation (other than a bank, savings and loan association or similar institution), Massachusetts or similar business trust, partnership, or charitable organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.

  • Certain Employees (a) Each of the following is included in the list of agreements set forth in the Disclosure Schedule: all collective bargaining agreements, employment and consulting agreements, bonus plans, deferred compensation plans, employee pension plans or retirement plans, employee profit-sharing plans, employee stock purchase and stock option plans, hospitalization insurance, and other plans and arrangements providing for employee benefits of employees of the Seller.

  • FOREIGN EMPLOYEES H-1B VISA costs shall not be passed through to the Authorized User under this Contract. Although Authorized Users will not affirm employment for immigration purposes, an Authorized User may be asked to confirm Contractor’s statement of the individual’s employment for immigration purposes. Based on RFQ security requirements the Authorized User may require that all staff must be citizens of the United States, and if so, Authorized User will indicate in the RFQ.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Former Employees All Employees terminating service with the Employer during the Plan Year and who have satisfied the eligibility requirements based on the terms of the Employer's accumulated benefits plans checked below (select all that apply; leave blank if no exclusions):

  • ' Compensation & Employer's Liability The Service Provider shall maintain during the life of this Agreement for all of the Service Provider's employees engaged in work performed under this agreement:

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

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