Termination / Rehire Sample Clauses

Termination / Rehire. When an employee who has terminated service with the Judicial Branch is rehired within four (4) months of termination, such employee shall have seniority from the last date of hire restored for all purposes along with any and all accrued benefit levels unused or unpaid at time of separation.
Sample 1Sample 2Sample 3See All (14)
AutoNDA by SimpleDocs
Termination / Rehire. Effective as of the day immediately preceding the Closing Date, Seller shall terminate the employment of all Business Employees, other than Xxxxx Xxxxxxx who shall remain employed by Seller but whose duties shall, for a period of 120 days after the Closing, relate exclusively to the sale of the Assets and transition of the Business to Buyer. Effective as of the Closing Date, Buyer shall make offers of employment (which shall include Buyer's agreements set forth below with respect to participation in Buyer's employee benefit plans) to all Business Employees who are actively at work or on vacation. As to Business Employees who are on leave, Buyer shall make offers of employment to such Business Employees effective upon their return from leave to the same extent, if any, as Seller would be required to offer employment in accordance with applicable law and applicable collective bargaining agreements. Buyer shall have no obligation to provide any pay, compensation or benefits to any Business Employee on leave for any period prior to the date, if any, of hiring of that Business Employee by Buyer to work. Buyer shall pay Business Employees who are hired by Buyer (a "Hired Business Employee") the same rate of base pay as was paid to such Hired Business Employee by Seller immediately prior to the Closing Date except to the extent applicable collective bargaining agreements would not so require. If Buyer elects to waive the condition set forth in Section 8.01(i), then effective as of the Closing Date Buyer shall assume all collective bargaining agreements covering Business Employees. Seller shall bear all responsibility for, and related costs associated with, complying with the WARN Act and similar state laws to the extent that the same apply to Business Employees up to the date of Closing; Buyer shall bear all responsibility for, and related costs associated with, complying with the WARN Act and similar state laws to the extent that the same apply to Business Employees from and after the date of Closing.
Sample 1Sample 2
Termination / Rehire. 56 11.02 Wages.........................................................56 11.03
Sample 1
Termination / Rehire. Effective as of the time immediately prior to the Closing, the Company shall terminate the employment of all those employees of the Sellers listed on Schedule 5.19. Effective as of the Closing, Buyer shall make offers of employment on such terms and conditions as Buyer, in its sole discretion shall determine, to all the employees listed on Schedule 5.19 (collectively, the "Offered Employees"). Nothing herein shall constitute an agreement to assume or be bound by any previous or existing employment agreement or arrangement between the Company and any employee of the Company, or a guaranty that any Offered Employees shall be entitled to remain in the employment of Buyer for a specified period of time. An Offered Employee who accepts an offer shall become an employee of Buyer on the day such person reports to work for the Buyer (each a "Hired Employee"). The Company shall bear all responsibility for, and related costs associated with, complying with the federal Workers Adjustment and Retraining Notification Act, 29 U.S.C. ss. 2101, et seq., and similar state laws to the extent that the same apply to the Offered Employees.
Sample 1
Termination / Rehire. Effective as of the end of the day immediately preceding the Closing Date, Target shall terminate the employment of all Business Employees. Effective as of the Closing Date, Buyer shall make offers of employment (which shall include Buyer's agreement set forth below with respect to participation in Buyer's employee benefit plans) to all Business Employees. Buyer shall pay Business Employees who are hired by Buyer ("Hired Business Employees") the same salary or hourly rate of pay as was paid to such Hired Business Employees by Target immediately prior to the Closing Date. Hired Business Employees shall be given credit by Buyer for the service such employees had with Seller or Target immediately prior to the Closing Date for purposes of participation and vesting under Buyer's Employee Benefit Plans, but only as and to the extent such plans are provided. Effective as of the Closing Date, Buyer shall include Hired Business Employees in its Employee Benefit Plans, but only as and to the extent such plans are provided.
Sample 1

Related to Termination / Rehire

  • Termination; Release (a) After the Termination Date (as defined below), this Agreement shall terminate (provided that all indemnities set forth herein including, without limitation, in Section 11 hereof shall survive any such termination) and the Pledgee, at the request and expense of the respective Pledgor, will promptly execute and deliver to such Pledgor a proper instrument or instruments acknowledging the satisfaction and termination of this Agreement, and will duly assign, transfer and deliver to such Pledgor (without recourse and without any representation or warranty) such of the Collateral as may be in the possession of the Pledgee and as has not theretofore been sold or otherwise applied or released pursuant to this Agreement. As used in this Agreement, “Termination Date” shall mean the earliest of (i) the date upon which the Total Revolving Loan Commitment has been terminated, and all Credit Document Obligations (excluding normal continuing indemnity obligations which survive in accordance with their terms, so long as no amounts are then due and payable in respect thereof) have been indefeasibly paid in full (provided the terms of the Secured Hedging Agreements and the other Secured Debt Agreements do not otherwise prohibit the termination hereof), (ii) the Collateral Release Date as defined in Section 10.15(d) of the Credit Agreement (but subject to any deferral requested by the U.S. Borrower pursuant to the last sentence of Section 10.15(d) and the applicable provisions hereof), (iii) the date upon which the Collateral Agent releases the Collateral in accordance with Section 14.20 of the Credit Agreement and (iv) the date upon which the Credit Documents are amended to release all Collateral subject to this Agreement.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Termination for Cause" shall mean

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • Final Termination Unless terminated at an earlier date by mutual agreement of the parties hereto, this Agreement shall terminate upon the first to occur of the following: (a) the last Serviced Appointment is terminated, matured or expired under the terms of the applicable Serviced Corporate Trust Contract and all Trust Assets in respect thereof have been fully distributed, (b) the last Serviced Appointment is Transferred to the applicable Purchaser, (c) the applicable Seller has resigned from the last Serviced Appointment if permitted under Section 7.2 below or (d) the applicable Seller is removed from appointment or the applicable Seller’s appointment is terminated with respect to the last Serviced Appointment in accordance with this Agreement, the applicable Serviced Corporate Trust Contract or any other agreement between the parties hereto entered into on or prior to the date hereof. Upon termination of this Agreement in accordance with this Section 7.1, each party’s further rights and obligations hereunder, other than the provisions of Section 8 and Section 9, shall terminate and be of no further force and effect and no party shall have any liability hereunder, except that neither the Sellers nor the Purchasers shall be relieved or released from any liabilities or damages arising out of its breach of any provision of this Agreement prior to termination.

  • CONTRACT TERMINATION debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Non-Renewal Termination If the Agreement expires as set forth in Section 6(g) [Non-Renewal Termination], then, subject to Section 22 [Compliance with Section 409A], in addition to all salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment, the Executive shall be entitled to the compensation set forth in Sections 8(d)(i) through (v), provided that within sixty days following the Executive’s termination of employment (i) the Executive has executed and delivered the Release to the Company, and (ii) the Release has become irrevocable:

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

  • Normal Termination Date Unless earlier terminated pursuant to Section 3(b) or Section 5, the Options shall terminate on the tenth anniversary of the Grant Date (the “Normal Termination Date”), if not exercised prior to such date.

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