Re-employed Employees Clause Samples
The 'Re-employed Employees' clause defines the treatment of individuals who are hired again by an employer after a previous period of employment. Typically, this clause outlines whether prior service counts toward benefits such as seniority, vacation accrual, or pension eligibility, and may specify any waiting periods or conditions for reinstatement of such benefits. Its core function is to provide clarity and consistency regarding the rights and obligations of both the employer and the re-employed individual, thereby preventing disputes and ensuring fair treatment.
Re-employed Employees. (i) The Parties shall exercise reasonable efforts to cause certain employees of Toppan and its Affiliates agreed in advance by the Parties (the “Re-employed Employees”) to be employed by Newco at Closing immediately following the completion of the Spin-off, subject to their consent. It is anticipated that the Re-employed Employees will serve as management of Newco.
(ii) As part of their reasonable efforts, the Parties shall cause Newco to offer to each Re-employed Employee, for a period of at least three years after Closing, employment terms (including compensation and retirement allowance) and work conditions that are, in the aggregate, at least equivalent to his or her employment terms and work conditions immediately before Closing.
(iii) Toppan shall pay to each Re-employed Employee at Closing the retirement allowance (taishokukin) or otherwise applicable allowances/considerations that he or she is entitled to receive upon retirement at Closing under Toppan’s work rules.
(iv) Neither Party will be required to offer a Re-employed Employee additional consideration to entice him or her to transfer to Newco in order for a Party to satisfy its reasonable efforts under this Section 2.03(a).
Re-employed Employees. Re-employed employees shall be subject to a probationary period only to the extent of completing any incomplete probationary period, except that employees re- employed in a different agency shall be subject to the six
Re-employed Employees. Re-employed employees shall be subject to a probationary period only to the extent of completing any incomplete probationary period, except that employees re-employed to a position in a different agency shall be subject to the probationary period in the different agency at the option of the agency head with the approval of the Director. Prior municipal service in a position in the same class series may be credited toward completion of the current probationary period if the break in municipal service does not exceed one (1) year.
Re-employed Employees