Employment Transfer Sample Clauses

Employment Transfer. Unless otherwise agreed, Ford shall transfer the employment of the Active Ford Business Employees to Visteon effective on the Transfer Date and the Active Ford Business Employees shall become Visteon Employees effective on the Transfer Date. Ford shall transfer to Visteon the employment of an Inactive Ford Business Employee who is recalled from layoff or other inactive status or requests reinstatement on or before the date such employee's leave of absence expires or as of the date such employee's medical disability ceases and such employee is released by their personal physician to return to their former position of employment or a comparable position consistent with any medical restrictions, as applicable (the "Reinstatement Date"). In addition, Ford shall transfer to Visteon employment responsibility for a Ford Retiree on a disability retirement ("Disability Retiree") on the date the medical disability ceases, such employee is released by their personal physician to return to their former position of employment or a comparable position consistent with any medical restrictions, and the retirement committee approves the return to work ("Disability Retiree Reinstatement Date"). The Transfer Date, the Reinstatement Date and the Disability Retiree Reinstatement Date shall be known as the "Employment Date". Notwithstanding the above, Visteon shall remain financially responsible for any costs incurred by Ford or its benefit plans and programs related to the Inactive Ford Business Employees between the Transfer Date and the Employment Date, and Visteon shall reimburse Ford for any such costs under a method to be mutually agreed by the Parties. A Ford Business Employee who is on an international service assignment to a non-Business activity as of the Distribution Date shall remain in such assignment until scheduled to return and shall return to the originating activity. A Ford employee who is on international service assignment to a Business activity as of the Distribution Date shall remain in such assignment until scheduled to return and shall return to the originating activity. Visteon or Ford, as applicable, shall reimburse the other for the costs of such employees after the Distribution Date under a method to be mutually agreed by the Parties. A Ford Business Employee who is on international service assignment to a non-Business activity as of the Distribution Date shall be considered a Visteon Employee as of the Transfer Date, and generally shall be covered u...
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Employment Transfer. 35 8.2 No Liability for Prior Service................................35 8.3
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Employment Transfer. Unless otherwise agreed by the parties, CNA will cease the employment of all CNA Employees and IGFH shall commence employment of all such individuals on March 17, 1998. Upon employment by IGFH all CNA Employees shall become eligible to receive and participate in all plans, programs and benefits applicable to employees of IGFH.
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Employment Transfer. 7.1 Application of this Paragraph 7 – in the application of this Paragraph 7 it is assumed, unless otherwise specifically agreed, that there are no transfers of employees other than those employed by the Contractor. References to Contractor Staff shall be construed accordingly.
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Employment Transfer. It is acknowledged and agreed that the Executive may, at and/or from time to time after the Effective Time, be transferred to the employment of Motorola or a Subsidiary of Motorola, and that in connection with any such transfer, the Corporation may assign to the employing entity its rights, and cause the employing entity to assume its obligations, under the Severance Protection Agreement and this Amendment. In such event, references to the Corporation in the Severance Protection Agreement and this Amendment shall be deemed to refer to such employing entity.
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Employment Transfer. Unless otherwise agreed, Ford shall transfer the employment of the Active Ford Business Employees to Visteon effective on the Transfer Date and the Active Ford Business Employees shall become Visteon Employees effective on the Transfer Date. Ford shall transfer to Visteon the employment of an Inactive Ford Business Employee who is recalled from layoff or other inactive status or requests reinstatement on or before the date such employee's leave of absence expires or as of the date such employee's medical disability ceases and such employee is released by their personal physician to return to their former position of employment or a comparable position consistent with any medical restrictions, as applicable (the "Reinstatement Date"). In addition, Ford shall transfer to Visteon employment responsibility for a Ford Retiree on
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Employment Transfer. Subject to the limitations set forth below, Visteon shall transfer to ACH the employment of the Active Visteon Employees and Supplemental Employees listed on the Final Employee Roster effective as of the Salaried Transfer Date and such employees shall become Transferred Employees on such date. If an Inactive Visteon Employee who is listed on the Preliminary Employee Roster makes an Effective Return to Work after the Salaried Transfer Date but before the last day of the sixth month following the Salaried Transfer Date, Visteon shall transfer the employment of such employee to ACH effective on the first Business Day following the date on which the Inactive Visteon Employee makes the Effective Return to Work ("Inactive Employee Transfer Date") and such employee shall become a Transferred Employee on such date. The Salaried Transfer Date or Inactive Employee Transfer Date, as applicable, shall be known hereafter as the “Employment Date.” Active Visteon Employees and Inactive Visteon Employees transferred to ACH as described above will become active full time employees of ACH on the applicable Employment Date and Supplemental Employees transferred to ACH as described above will become active supplemental employees of ACH on the applicable Employment Date; provided, however, that any Active Visteon Employee or Inactive Visteon Employee who is a Ford retiree receiving benefits under any Ford salaried pension plan, including the Ford General Retirement Plan, will become an active supplemental employee of ACH upon such transfer. In this regard, references in this Agreement below to "Supplemental Employees" who transfer to ACH refer to any Active Visteon Employee, Inactive Visteon Employee, or Supplemental Employee who is transferred to ACH and enrolled on ACH's payroll as a supplemental employee.
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Employment Transfer. Visteon shall transfer to ACH the employment of the Active Visteon Employees listed on the Final Employee Roster effective as of the Hourly Transfer Date and such employees shall become Transferred Employees on such date. If an Approved Workers Compensation/Disability Separation Status Employee who is listed on the Preliminary Employee Roster makes an Effective Return to Work after the Hourly Transfer Date but on or before the Last Possible Transfer Date, Visteon shall transfer the employment of such employee to ACH effective on the date on which the Approved Workers Compensation/Disability Separation Status Employee made the Effective Return to Work ("Inactive Employee Transfer Date") and such employee shall become a Transferred Employee on such date. The Hourly Transfer Date or Inactive Employee Transfer Date, as applicable, shall be known hereafter as the “Employment Date.”
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Related to Employment Transfer

  • 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.

  • 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; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. If the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment. If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination. If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such death or disability. If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder.

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

  • Not an Employment Agreement This Agreement is not an employment agreement, and no provision of this Agreement shall be construed or interpreted to create an employment relationship between you and the Company or any Affiliate or guarantee the right to remain employed by the Company or any Affiliate for any specified term.

  • Assignment; Transfer The Credit (or a portion thereof as earned) under this Agreement may be assigned to an “Affiliated Corporation” in accordance with RTC section 23663. As stated in RTC section 23689(i)(1), this Agreement shall not restrict, broaden, or alter the ability of Taxpayer to assign the Credit in accordance with RTC section 23663. In order to transfer this Agreement as a result of a sale or merger, prior written consent of GO- Biz must be obtained or the transfer will be void. Such transfer shall be permitted if GO-Biz determines that the transfer would further the purposes of the CCTC program and benefit California. Prior to GO-Biz consenting to the transfer, the new entity must disclose to GO-Biz the number of California full-time employees it employed at the time of acquisition or merger and any other information GO-Biz requests that applicants for a CCTC provide pursuant to a CCTC application.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

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