Prior Service Credit. On and after the Closing Date, Buyer shall recognize service for Seller, a former owner of the Business, or an Affiliate of either, to the extent set forth in Schedule 1.1, prior to the Closing Date, for all employee benefit and employment-related purposes other than benefit accrual (except as specifically provided herein) and except to the extent any such recognition would result in a duplication of benefits for the same period of service.
Appears in 7 contracts
Samples: Purchase and Sale Agreement (Southern Union Co), Purchase and Sale Agreement, Employee Agreement (Laclede Gas Co)
