Employment Commitments. All Applicants shall be required to execute the following statement as part of their application: “I hereby declare all previous obligations with employing school districts have been met and I am not seeking this position with the intent of resigning from a previous commitment in which I have not served.”
Employment Commitments. For at least five (5) years post-closing, the Company will not implement any material involuntary workforce reductions or changes to wages, benefits and other terms and conditions of employment in effect prior to the transaction. • Honor the terms of the Company’s existing collective bargaining agreements. EXHIBIT B Page 1 of 1 Pre-Closing Structures Post-Closing Structure IIF US Holding 2 LP IIF US Holding 2 LP IIF Sun Jupiter Holdings LLC Public Shareholders El Paso Electric Company 0% GP Sun Merger Sub Inc. Transaction to be effected through the merger of El Paso Electric Company and a newly formed Merger Sub, with El Paso Electric Company surviving the merger 100% LP Sun Jupiter Topco LLC IIF Sun Jupiter Ultimate Holdings LP 100% Sun Jupiter Parent LLC 100% 100% Sun Jupiter Holdings LLC 100% 100% 0% GP 100% LP IIF Sun Jupiter Ultimate Holdings LP IIF Sun Jupiter Holdings LLC 100% Sun Jupiter Topco LLC 100% Sun Jupiter Parent LLC 100% 100% Sun Jupiter Holdings LLC 100% El Paso Electric Company REGULATORY COMMITMENTS
Employment Commitments. Subject to the Labor Agreement, except as set forth in Schedule 3.13, all Assigned Contracts for employment or personal services are terminable, without liability or expense, by Seller on thirty (30) days' or less notice.
Employment Commitments. 42. For at least five (5) years post-closing, as a result of the Proposed Transaction, EPE will not implement any material involuntary workforce reductions or changes to wages, benefits and other terms and conditions of employment in effect prior to the Proposed Transaction.
Employment Commitments. For at least five (5) years post-closing, the Company will not implement any material involuntary workforce reductions or changes to wages, benefits and other terms and conditions of employment in effect prior to the transaction. • Honor the terms of the Company’s existing collective bargaining agreements. The Board of Directors El Paso Electric Company Xxxxxxx Tower 000 Xxxxx Xxxxxxx Xxxxxx El Paso, Texas 79901 Dear Members of the Board: Annex B May 31, 2019 We understand that El Paso Electric Company, a Texas corporation (“Company”), Sun Jupiter Holdings LLC, a Delaware limited liability company (“Parent”), and Sun Merger Sub Inc., a Texas corporation and wholly owned subsidiary of Parent (“Merger Sub”), propose to enter into an Agreement and Plan of Merger (the “Agreement”), pursuant to which Parent will acquire Company (the “Transaction”). Pursuant to the Agreement, Merger Sub will be merged with and into Company and each issued and outstanding share of the common stock, no par value, of Company (“Company Common Stock”), other than shares of Company Common Stock held by Company, Parent or Merger Sub and shares of Company Common Stock held by holders who are entitled to and properly demand an appraisal of their shares of Company Common Stock (such holders, collectively, “Excluded Holders”), will be converted into the right to receive $68.25 in cash (the “Consideration”), subject to certain equitable adjustments relating to certain changes in the outstanding capital stock of Company as more fully described in the Agreement. The terms and conditions of the Transaction are more fully set forth in the Agreement. You have requested our opinion as of the date hereof as to the fairness, from a financial point of view, to holders of Company Common Stock (other than Excluded Holders) of the Consideration to be paid to such holders in the Transaction. In connection with this opinion, we have:
Employment Commitments. On or prior to the Closing, at least 90% of the employees of Mint who are not Key Employees shall have committed in a manner reasonably acceptable to LSI to remain with LSI and Merger Sub as of the Closing Date.
Employment Commitments. 2.1 At the facility, DM will create at least one hundred twenty-five (125) new full-time equivalent permanent jobs. At least seventy-five (75) positions, or sixty percent (60%) said jobs created, will be filled by low and moderate income persons. Said jobs will have descriptions, entry level wages, and benefits as follows:
Employment Commitments a. The Customer shall create and maintain the employment level set forth in the Appendix to this Schedule A (the “Base Employment Level”). Such Base Employment Level shall be the total number of full-time positions held by: (a) individuals who are employed by the Customer or its affiliates at Customer’s West Plant identified in the Appendix to this Schedule, and (b) individuals who are contractors or who are employed by contractors of the Customer and assigned to the West Plant (collectively, “Base Level Employees”). The number of Base Level Employees shall not include individuals employed on a part-time basis (less than 35 hours per week); provided, however, that two individuals each working 20 hours per week or more at the West Plant shall be counted as one Base Level Employee.
Employment Commitments
