Employee Costs. If requested by Buyer, Existing Operator shall fund the cost of benefits to those Community Employees to whom Buyer offers employment in accordance with this Agreement and who accept such offer of employment (“Hired Employees”) for the entire calendar month in which the Closing occurs (collectively, the “Hired Employee Closing-Month Insurance Benefits”). The aggregate cost of all Hired Employee Closing-Month Insurance Benefits shall be prorated between Buyer and Existing Operator based on the day of such month that the Closing occurs. Further, except for “Accrued Employee Benefits” (as hereinafter defined), there shall be no other adjustment for wages, vacation pay, pension and welfare benefits and other fringe benefits of all persons employed by Existing Operator at the Community; it being the intent of the parties that Buyer shall have no liability or obligation with respect to any employee of Existing Operator prior to Closing. Any Accrued Employee Benefits shall be paid to Buyer as a credit; provided, however, that to the extent that the transfer of any portion of such Accrued Employee Benefits from Existing Operator to Buyer or its property manager requires a consent by the applicable Hired Employee, and such consent is not obtained, Existing Operator shall pay to such Hired Employee the applicable Accrued Employee Benefits that are required by Law to be paid to such Hired Employee.
Employee Costs. Except as otherwise expressly provided in this Agreement or in the Management Agreement, each Member will be separately responsible for its own payroll and benefit expense of its employees and independent contractors with respect to the Project or Company business.
Employee Costs. The Associate acknowledges that, regardless of any action taken by the Company or, if different, Associate’s employer (the “Employer”) the ultimate liability for all Tax-Related Items related to the Associate’s participation in the Plan and legally applicable to the Associate or deemed by the Company or the Employer, in their discretion, to be an appropriate charge to the Associate even if legally applicable to the Company or the Employer, is and remains the Associate’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Associate further acknowledges that the Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the PRSUs, including, but not limited to, the grant, vesting or settlement of the PRSUs, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends and/or any dividend equivalents; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the PRSUs to reduce or eliminate the Associate’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Associate is subject to Tax-Related Items in more than one jurisdiction between the Grant Date and the date of any relevant taxable or tax withholding event, as applicable, the Associate acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, Associate agrees to make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Associate authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following:
Employee Costs. Except as provided in (e) above, all wages and other costs for housekeeping and Hotel personnel shall be prorated between Buyer and the Interest Owners as of the Cutoff Time.
Employee Costs for each employee of ALCS performing the Transition Services, the salaries, fringe benefits, executive compensation benefits (if applicable) and depreciation/amortization of office equipment and software (if applicable) attributable to the employee, based on the ratio of ALCS’s estimate of the time spent by the employee on behalf of Kraft divided by the total time spent by the employee.
Employee Costs. (a) Except as otherwise set forth herein, or agreed by the Parties, the Company shall have no obligation to reimburse the Advisor for any wages, salaries, payroll taxes, cash bonus payments, employee benefit plan costs and other benefits (“Employee Costs”) incurred by the Advisor with respect to employees of the Advisor providing services related to the day-to-day operation of the Company.
Employee Costs. The Associate must make full payment to the Company or any Subsidiary by which the Associate is employed (the “Employer”) of all income tax, payroll tax, payment on account, and social insurance contribution amounts (“Tax”), which under federal, state, local or foreign law, it is required to withhold upon vesting, settlement or other tax event of the RSUs. In a case where the Employer is obliged to (or would suffer a disadvantage if it were not to) account for any Tax (in any jurisdiction) for which the Associate is liable by virtue of the Associate’s participation in the Plan or any social security contributions recoverable from and legally applicable to the Associate (the “Tax-Related Items”), the Associate shall make full payment to the Employer of an amount equal to the Tax-Related Items, or otherwise enter into arrangements acceptable to the Employer or another Subsidiary to secure that such a payment is made (whether by withholding from the Associate’s wages or other cash compensation paid to the Associate or from the proceeds of the sale of Shares acquired at vesting and settlement of the RSUs). In the event that the Associate has not made payment of an amount equal to the Tax-Related Items liability, or entered into arrangements to secure that such a payment is made by the date of vesting or shortly thereafter as agreed by the Company, the Associate hereby authorizes and empowers the Company to act on his behalf and procure and effect the sale of a sufficient number of the Shares arising from the vesting or settlement of the RSUs (or other tax event) and pay out of the sale proceeds the Tax-Related Items liability to the Employer.
Employee Costs. A. Regardless of the plan, employees will pay ten percent (10%) of the premium, provided however, that for an HMO health plan the Employer will pay the lesser of 1) ninety percent (90%) of the statewide HMO single and family average rates or 2) 90% of the Ohio Med PPO single and family rates. Effective July 1, 2005, employees will pay fifteen percent (15%) of the premium, provided however, that for an HMO health plan, the Employer will pay the lesser of 1) eighty-five percent (85%) of the statewide HMO single and family average rates or 2) eighty-five percent (85%) of the Ohio Med PPO single and family rates. Effective November 1st of 2003 the State will commence the process of deducting the employee’s monthly share of the health care premium twice a month. The first half of the employee’s share of the monthly premium will be deducted from the first paycheck that the employee receives in a month. The remaining balance of the employee’s share of the monthly premium will be deducted from the second paycheck that the employee receives in a month.
Employee Costs. A. Regardless of plan, employees will pay 10 ten percent (10%) of the premium, provided however, that for an HMO health plan the Employer will pay no greater than 90 ninety percent (90%) of the statewide HMO single and family average rates.
Employee Costs. Except for any liabilities or obligations with respect to the Transferred Employees included in the determination of Actual Tangible Net Book Value included in the Closing Date Balance Sheet, (i) neither Purchaser nor any of its Affiliates (including, without limitation, the Acquired Subsidiary) shall assume or in any way be liable for any liability or obligation with respect to Seller's or its Affiliates' employees, former employees or retirees, regardless of when such liability or obligation arises or is incurred (whether on, prior to or after the Closing Date), (ii) Seller and its Affiliates shall be solely responsible for the payment of all wages, salaries and other compensation and employee benefits (including, without limitation, any severance pay, insurance, supplemental pension, deferred compensation, "stay" or other similar incentive bonuses, change-in-control bonuses (or other bonuses related to the execution, delivery or performance of this Agreement), retirement and any other benefits, premiums and claims and related costs) to any of Seller's or its Affiliates' employees, former employees or retirees and (iii) except as required by operation of law, neither Purchaser nor any of its Affiliates shall assume any liability or obligation with respect to any employee benefit plan of any kind or nature maintained by Seller or any of its Affiliates for any of their employees, former employees or retirees.
