TERMINATION OF EMPLOYMENT OF EMPLOYEES Sample Clauses

TERMINATION OF EMPLOYMENT OF EMPLOYEES. Evidence reasonably satisfactory to Purchaser that the Sellers and BCGI, as applicable, shall have terminated the employment of each of the employees set forth on Schedule 6.11 and paid such employees all vacation pay accrued through the Closing Date.
Sample 1
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TERMINATION OF EMPLOYMENT OF EMPLOYEES. Seller will terminate the employment of each of the Company's and the Subsidiary's Employees identified on Exhibit C immediately prior to the Closing in conjunction with the signing of new employment agreements between the Purchaser and such Employees. Mr. Dmitry Gorshevsky shall be employed by the Purchaser for a period of one year. Terayon shall provide to the employees of the Company detailed in Exhibit C such employee benefit plans, programs and arrangements, as are generally made available to Israeli employees of Terayon, as detailed in Exhibit L attached hereto, and shall provide to the employees of the Subsidiary detailed in Exhibit C such employee benefits plans, programs and arrangements as detailed in Exhibit K hereto. In addition to the above, the vested and unvested options granted to the Company's employees to purchase Ordinary Shares of the Company shall be canceled and the Purchaser shall cause Terayon to issue to the employees listed on Exhibit C, on a net issuance basis, shares and options to purchase such number of shares of Common Stock of Terayon (the "Employee Consideration"), as set forth opposite such employee's name in Schedule C (such number to be determined in the same manner as set forth in Section 2.2 above). One third (1/3) of the Employee Consideration shall be paid to the Company's employees at the Closing, by either cash or the delivery by the Purchaser of shares of Common Stock of Terayon having the value (determined in accordance with Section 2.2) of such amount (at the Purchaser's sole discretion). The remaining two thirds (2/3) of the Employee Consideration shall be in the form of options to purchase shares of Common Stock of Terayon, of which one half (1/2) shall vest at the end of the first year following the Closing and one half (1/2) shall vest at the end of two years following the Closing. Notwithstanding the foregoing, the part of the Employee Consideration issued by Terayon to Mr. Dmitry Gorshevsky shall be delivered as follows: One half (1/2) shall be delivered at the Closing, by either cash or the delivery by the Purchaser of shares of Common Stock of Terayon having the value (determined in accordance with Section 2.2) of such amount (at the Purchaser's sole discretion) and one half (1/2) shall be in the form of options to purchase shares of Common Stock of Terayon that shall vest at the end of the first year following the Closing. It is explicitly acknowledged by the Purchaser and Terayon that Mr. Dmitry Gorshe...
Sample 1
TERMINATION OF EMPLOYMENT OF EMPLOYEES. Seller will terminate the employment of each of the Company's Employees identified on Exhibit C immediately prior to the Closing in conjunction with Purchaser's offer of employment to each of such Employees.
Sample 1
TERMINATION OF EMPLOYMENT OF EMPLOYEES. Sellers shall terminate all employees at Closing and shall pay to such employees all amounts accrued and owing to such employees.
Sample 1

Related to TERMINATION OF EMPLOYMENT OF EMPLOYEES

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee’s employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee’s employment at any time in any lawful manner.

  • Separation of Employment (a) If an employee is discharged by the Employer, he shall be paid in full for all monies owing to him by the Employer on the date of his discharge.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • TERMINATION OF EMPLOYMENT CONTRACT A. This Contract shall terminate, the Superintendent's employment will cease, and no compensation shall thereafter be paid, under any one of the following circumstances:

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Statement of Employment An employer shall, in the event of termination of employment, provide upon request to the employee who has been terminated a written statement specifying the period of employment and the classification or type of work performed by the employee.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

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