CCBC United definition
Examples of CCBC United in a sentence
Each Inactive Business Employee who accepts employment with the CCBCC Parties shall become a Transferred Employee on the date he or she returns to work (“Deferred Hire Date”), provided such date is on or before the Anniversary Date, and shall terminate his or her employment with CCBC United as of the date immediately prior to the Deferred Hire Date.
Each Active Business Employee who accepts employment with the CCBCC Parties shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with CCBC United on the date immediately prior to the Closing Date.
CCBC United shall take all action necessary to ensure that the Transferred Employees will be eligible to participate in CCBC United’s “employee welfare benefit plan” to the same extent as CCBC United’s other employees.
Each Transferred Employee will be eligible to participate in CCBC United’s severance plans (if any) under the same terms and conditions as other similarly-situated employees of CCBC United.
CCBC United shall indemnify, defend and hold harmless the CCBCC Indemnified Parties against, and reimburse any CCBCC Parties Indemnified Party for, all Losses that such CCBCC Indemnified Party may at any time suffer or incur, or become subject to, as a result of or in connection with Employment-Related Obligations owed to any Transferred Employee (or their spouses or beneficiaries) to the extent arising after the Closing.
No CCBC United Employee Plans or assets of any CCBC United Employee Plans shall be transferred to the CCBCC Parties or any Affiliate of the CCBCC Parties.
NOTARY PUBLIC COUNTY OF STATE OF My commission expires the __th day of ________________, ____.
Except as expressly set forth in the immediately preceding sentence, the CCBCC Parties shall not assume or otherwise become liable for, and CCBC United shall not transfer to the CCBCC Parties, any liabilities of CCBC United with respect to accrued but unused vacation, paid time off, or sick days.
CCBC United agrees to adopt or maintain an automobile allowance policy (“CCBC United’s Auto-Allowance Policy”) that is comparable, in the aggregate, to the CCBCC Parties’ automobile allowance policy in effect immediately prior to the Closing Date.
Prior to the Closing Date, the CCBCC Parties shall provide CCBC United with a list of the Business Employees to whom such offers of employment shall be made, which list may be subject to modification but shall be final as of the date immediately prior to the Closing Date and is attached hereto as Exhibit A.