Post Closing Obligations to Employees Sample Clauses

Post Closing Obligations to Employees. Effective immediately after the Closing Date, Buyer will employ all the Company's employees employed on the Closing Date (the "Employees"), and will continue their compensation and benefits, but as soon as practical after the Closing, will provide them with the benefits as set forth in Schedule 5.9; provided, however, that this Section shall not be construed as guaranteeing employment to any particular employee and provided further that this Section shall not be construed to govern the benefits of union Employees whose benefits and wages shall be governed by the applicable collective bargaining agreement. Buyer shall assume the collective bargaining agreements applicable to the Company's union Employees. (b)
Sample 1
AutoNDA by SimpleDocs
Post Closing Obligations to Employees. Effective immediately after the Closing, Buyer will continue (or will cause the Surviving Corporation and the Companies to continue) to employ all the Employees in comparable positions, at the same or greater pay. Effective immediately after the Closing Date and for the period ending one year after the Closing Date, Buyer will provide (or cause the Surviving Corporation and the Companies to provide) Employees (other than Employees covered by collective bargaining agreements) with benefits under (i) Buyer's Welfare Plans, and (ii) Buyer's Defined Contribution Plan which are substantially equivalent in the aggregate to those provided to such Employees pursuant to such plans, programs and arrangements of the Companies in effect at the date hereof including Seller's Defined Benefit Plan in effect at the date hereof, and will provide Employees and former employees of the Companies covered by collective bargaining agreements such benefits as shall be required under the terms of any applicable collective bargaining agreement; provided, however, that for purposes of providing Employees with benefits that are substantially equivalent in the aggregate, Buyer (or the Surviving Corporation and the Companies) may utilize defined contribution plans in lieu of Seller's Defined Benefit Plan but nothing herein shall eliminate Buyer's (or the Surviving Corporation's or the Companies') obligations to comply with any applicable collective bargaining agreement or the
Sample 1
Post Closing Obligations to Employees 
Sample 1

Related to Post Closing Obligations to Employees

  • Post-Closing Obligations Seller and Buyer agree to the following post-Closing obligations:

  • Certain Post-Closing Obligations As promptly as practicable, and in any event within the time periods after the Effective Date specified in Schedule 5.14 or such later date as the Administrative Agent reasonably agrees to in writing, including to reasonably accommodate circumstances unforeseen on the Effective Date, Holdings, the Parent Borrower and each other Loan Party shall deliver the documents or take the actions specified on Schedule 5.14 that would have been required to be delivered or taken on the Effective Date but for the proviso to Section 4.01(f), in each case except to the extent otherwise agreed by the Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement”.

  • Closing Obligations At the Closing:

  • Seller’s Closing Obligations At Closing, Seller shall execute and deliver, or cause to be executed and delivered, to Buyer the following:

  • Buyer’s Closing Obligations At the Closing, Buyer shall:

  • Purchaser’s Closing Obligations Purchaser, at its sole cost and expense, shall deliver or cause to be delivered to Seller at Closing the following:

  • Post Closing Agreements From and after the Closing, the parties shall have the respective rights and obligations which are set forth in the remainder of this Article VI.

  • Conditions to Obligations of Buyer and Seller The obligations of Buyer and Seller to consummate the Closing are subject to the satisfaction of the following conditions:

  • Post-Closing Tax Matters As a result of the Closing, the Transferor Partnership shall terminate for federal income tax purposes pursuant to Section 708(b)(1)(B) of the Code and its tax year shall close on the Closing Date. The Transferor Agent shall prepare and timely file any federal, state, local and foreign tax or information returns due after Closing that are required to be filed by or on behalf of the Transferor Partnership with respect to all tax years or periods ending on or prior to the Closing Date. The Transferor Agent shall prepare and timely file the terminating tax returns for the Transferor Partnership resulting from the consummation of the transactions contemplated under this Agreement, provided, however, that such tax returns shall be prepared in accordance with the terms and provisions of this Agreement and provided further, that prior to the filing thereof the Transferor Agent shall submit the terminating tax returns to the BRI Partnership for its review and approval, which shall not be unreasonably withheld or delayed. The BRI Partnership shall assist the Transferor Agent in obtaining such data and information regarding the Transferor Agent to permit the Transferor Partnership to prepare such returns or to respond to any audits or assessments for the periods covered by such returns.

  • Post-Closing Matters Execute and deliver the documents and complete the tasks set forth on Schedule 6.14, in each case within the time limits specified on such schedule, as such time limits may be extended from time to time by Agent in its reasonable discretion.

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