Hiring Employees, Comparable Benefits Sample Clauses

Hiring Employees, Comparable Benefits. (a) Subject to Section 6.2(b) hereof, Buyer will continue the employment of those employees of Seller dedicated to the product lines being sold to Buyer as it deems advisable, (all such employees being "Assumed Employees'). To the extent employment of Assumed Employees is continued by Buyer during the first six (6) months following the Closing Date, such employment shall be on substantially the same terms and conditions in the aggregate under which the Assumed Employees worked for Seller immediately prior to the Closing Date. Seller represents and warrants that Schedule 6. 1 (a) is a true and complete list of all the employees of Seller dedicated to the product lines being sold to Buyer.
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Hiring Employees, Comparable Benefits. Buyer will offer employment to the Employees listed on Schedule 6.1 (the “Assumed Employees”) at wages, salaries and commissions reasonably comparable in the aggregate to those provided by Seller to the Employees on the date hereof.
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Hiring Employees, Comparable Benefits. (a) Except as provided hereafter with respect to certain employees to be terminated, Buyer will cause the Company to continue in employment as of the Closing Date (or, in the case of employees within clause (iii), as of the date of their return to active employment) but makes no commitment with respect to any period following the Closing Date (i) all employees on the Company's active payroll on the Closing Date, (ii) all persons who are subject to outstanding employment offers from the Company at Closing and (iii) any Semiconductor Employee not on the Company's active payroll on the Closing Date on account of an approved leave of absence or short-term disability leave (but excluding those employees on long-term disability leave) if such employee returns to active employment with the Company immediately upon the conclusion of any such leave of absence or within the period required by Law (all such employees being "Buyer Employees"). Not less than 10 days before the Closing Date Raytheon or Seller shall cause the Company to terminate up to 20 individuals (the "Terminated Semiconductor Employees") (whose names Buyer shall have the option to provide to Seller or Raytheon not less than 15 days before the Closing Date and which list of names Raytheon and Seller shall have the right to approve) who but for such termination would be Buyer Employees as of the Closing Date; provided that Raytheon or Seller shall not be responsible for the costs of such terminations. Schedule 6.1(a) lists all Buyer Employees. All employment of Buyer Employees after Closing and for the 365 day period following the Closing shall be for pay and benefits no less favorable in the aggregate than the pay and benefits in effect at Closing. Such employment and the benefits to be provided to the Employees shall recognize the date of hire and time of service with Raytheon and/or the Company for vesting and eligibility but not benefit accrual purposes unless inconsistent with another provision of this Article.
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Related to Hiring Employees, Comparable Benefits

  • Employees; Compensation Section 3.16(1) of the Disclosure Schedule constitutes a full and complete list of all current directors, officers, employees and consultants of the Company, specifying their names and job designations, the total amount paid or payable to such director, officer, employee or consultant in the prior fiscal year and from the beginning of the current fiscal [+] DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED FOR CONFIDENTIALITY PURPOSES 30 year through September 30, 2006, the basis of such compensation, whether fixed or commission or a combination thereof and their principal place of work.

  • Continuing Employees “Continuing Employees” is defined in Section 6.4 of the Agreement.

  • 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.

  • Key Employees The Adviser is not aware that (i) any of its executives, key employees or significant group of employees plans to terminate employment with the Adviser or (ii) any such executive or key employee is subject to any noncompete, nondisclosure, confidentiality, employment, consulting or similar agreement that would be violated by either the Adviser’s present or proposed business activities, except, in each case, as would not reasonably be expected, individually or in the aggregate, to have an Adviser Material Adverse Effect.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • SUB-ADVISER'S COMPENSATION The Fund shall pay to the Sub-Adviser, as compensation for the Sub-Adviser's services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by the Fund. The Sub-Adviser will be compensated based on the portion of Fund assets allocated to the Sub-Adviser by the Adviser. The method for determining net assets of the Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund's prospectus. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Eligible Employees All Employees shall be Eligible Employees, except:

  • Active Employees At or before the Effective Time, New Ceridian shall, or shall cause its Subsidiaries to, employ or continue to employ each New Ceridian Employee who, at the time such action is taken, is actively employed. Any employment agreement between New Ceridian and such an employee shall (i) supersede any employment agreement between such employee and the Corporation and (ii) release the Media Information Indemnitees from all Liabilities and responsibility with respect to any Employment Related Claims arising prior to the Effective Time or in connection with the transactions contemplated by this Agreement or the Distribution Agreement. Any employment agreement between the Corporation and a New Ceridian Employee shall, as of the Effective Time and subject to any contrary provisions of such agreement, be deemed to be assigned to New Ceridian.

  • Hiring of Employees Company and Shareholders shall cooperate with all requests made by Pentegra for the purpose of allowing Pentegra to hire those non-dentist employees of Company designated by Pentegra, such employment to be effective as of the Closing Date. Notwithstanding the above, Company and Shareholders shall remain liable under any Company Plans for any claims incurred by any employees or their spouses or dependents, and for all compensation, bonuses, benefits and other such items and other liabilities related to Company's employees incurred by Company prior to the Closing Date.

  • Trustee’s Compensation The Trustee shall be entitled to the compensation set forth in the letter agreement between the Purchaser and the Trustee dated as of April 17, 2024, as may be amended from time to time.

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