Termination of Seller's Employees. Seller shall terminate all employees on or prior to the Closing Date. Buyer may, at Buyer’s discretion, hire employees of Seller who were employed at the Club effective as of the Closing Date.
Termination of Seller's Employees. At Closing, Seller shall terminate the employment of Seller's employees set forth on the list delivered pursuant to Article 3.03 (f).
Termination of Seller's Employees. (a) Pursuant to the Interim Operating Agreement, Seller shall continue to employ all of its employees from and after the Closing Date until the termination of the Interim Operating Agreement whereupon Seller shall terminate the employment of all of its employees. Seller shall be solely responsible for any liabilities or obligations arising out of or in connection with such termination which pertain to periods of employment on or before the Closing Date, including severance payments and post-employment benefits due to such terminated employees and any fees, charges, fines or other expenses payable to any Governmental Authority with respect thereto. Seller shall enforce, for the benefit of Buyer, any confidentiality, noncompetition and non-solicitation covenants to which such terminated employees are parties or are otherwise bound. Effective as of the date of termination of the Interim Operating Agreement, Buyer shall make a written offer to employ all of the employees of Seller that were employed by Seller immediately prior to such date to work with the Business unless otherwise directed in writing by the Seller. Buyer shall then conclude new employment contracts with the employees stipulating that the day after the termination of the Interim Operating Agreement shall be the first working day. Buyer shall offer all employees employment on conditions as to compensation and monetary benefits that are at least comparable on an aggregated basis to those enjoyed at such date of termination, commencing the day after such date of termination and Buyer shall, with the assistance of Seller, comply with all existing laws and regulations of Singapore (including, without limitation, the Employment Act, Cap. 91 (if applicable)) in respect of but not limited to making the aforesaid offers of continued employment. Without limiting the generality of the foregoing, the employees' seniority (i.e. the relevant years of employment with Seller in Singapore will be transferred to Buyer.
Termination of Seller's Employees. Seller shall terminate all of the employees of the Facilities effective as of 11:59 p.m. on the day immediately prior to the Closing Date. Unless otherwise agreed by Seller and Buyer, Seller shall pay directly to such employees any unpaid wages and/or accrued benefits which are due and payable to the employees of the Facilities as of the Closing Date. Seller shall provide Buyer with a list of employees at least fifteen (15) Business Days prior to the Closing Date and shall permit Buyer, in cooperation and coordination with Seller, to meet with the employees of the Facilities prior to the Closing Date and to advise them of Buyer’s proposed plans with respect to the hiring of the employees of the Facilities and the benefits which will be offered to the employees of the Facilities. Except as set forth on Exhibit K, Seller has not terminated the employment of any employee of the Facilities within sixty (60) days prior to the date hereof, and, after expiration of the Study Period, except after notice to Buyer, Seller will not terminate any employee’s employment.
Termination of Seller's Employees. (a) On or before the Closing, all employees of Seller or any affiliate of Seller at the Properties shall be terminated or transferred to other locations by Seller or its affiliate.
Termination of Seller's Employees. Seller agrees to terminate all of the Seller’s employees, on or before the Closing Date, at its sole cost and expense, which, for greater certainty, shall include the following payments to such employees as at the Closing Date: (a) all outstanding salary, wages, bonuses, commissions, vacation pay and other compensation relating to such employment (including pursuant to any employee benefit plans), and (b) all severance payments (both statutory and common law) owing to such employees as a result of such termination ((a) and (b) collectively, the “Termination Payments”). Seller agrees to indemnify and hold the Purchaser harmless from and against any and all claims that arise with respect to the Seller’s non-payment of any Termination Payments, which indemnity, the Seller hereby covenants and agrees, shall expressly survive the Closing.
Termination of Seller's Employees. Seller shall terminate the employment of all of its employees no later than the Closing Date. Seller shall be solely responsible for any liabilities or obligations arising out of or in connection with such termination, including severance payments and post-employment benefits due to such terminated employees and any fees, charges, fines or other expenses payable to any Governmental Authority with respect thereto. Seller shall enforce, for the benefit of Buyer, any confidentiality, noncompetition and non-solicitation covenants to which such terminated employees are parties or are otherwise bound.
Termination of Seller's Employees. Before the Closing, Sellers shall give notice to all of their employees that are involved in the Retail Store Business or the Meat Processing Business that their employment with Sellers will terminate effective upon completion of the Closing.
Termination of Seller's Employees. SETTLEMENT OF OBLIGATIONS OF SELLER. Immediately prior to the Effective Time, Seller shall terminate all of its employees utilized in or necessary to the operation of the Business. Seller shall pay all employees of the Business promptly after Closing all outstanding obligations of Seller to such employees, including accrued salaries, wages, payroll taxes, any severance pay entitlements, health, medical, retirement, vacation or deferred compensation benefits and any other obligations and expenses of any kind or description of Seller arising out of or relating to the employment by Seller or Seller's termination of the employment of such employees through the Effective Time. Buyer agrees to offer at-will employment (subject to Buyer's normal pre-employment testing requirements) to all of the active full-time employees of the Business, which employment, if accepted, would commence immediately upon the Effective Time. For purposes hereof, the term "active employees" excludes all employees of the Business on short or long term disability or maternity leave or other leave on the Closing Date.
Termination of Seller's Employees. To the extent consistent with applicable law, Sellers shall take such steps as required to (i) terminate the employment by Sellers of all of Sellers' employees as of the Closing Date, (ii) pay to all such employees such severance payments and related benefits to which such employees may be entitled, (iii) use reasonable efforts to secure from all employees a signed release, waiving any claims that an employee might have against either Seller.
