Examples of China Effective Time in a sentence
All claims incurred at or after the Base Effective Time (or, with respect to Transferred Employees relating to China CS, the China Effective Time) under a Seller Welfare Plan or a welfare benefit plan of Buyer or its Affiliates by Transferred Employees and their beneficiaries and dependents shall be the responsibility of Buyer or its Affiliates.
Buyer or one of its Affiliates shall continue the employment of each Transferred Employee for a period of not less than twelve (12) months following the Base Effective Time (or, with respect to Transferred Employees relating to China CS, the China Effective Time) (the “Relevant Period”), other than employees reasonably terminated for Cause.
If Buyer or one of its Affiliates terminates the employment of any Non-U.S. Transferred Employee for any reason other than Cause at any time following the Base Effective Time (or, with respect to a Transferred Employee relating to China CS, the China Effective Time), then Buyer or the appropriate Affiliate shall pay to such Non-U.S. Transferred Employee the amount of severance required by applicable local Law.
Seller shall be responsible for all workers’ compensation claims of any Transferred Employee that are based upon events or conditions occurring prior to the Base Effective Time (or, with respect to Transferred Employees relating to China CS, the China Effective Time).
Notwithstanding anything to the contrary herein, from and after the Base Effective Time (or, with respect to China CS, the China Effective Time), Buyer covenants and agrees to perform any and all obligations to repair or replace any products of the Companies and Subsidiaries that were shipped on or prior to the Base Closing Date (or, with respect to China CS, the China Closing Date), and any repair or replacement of the product will be at the sole cost and risk of Buyer.
Buyer shall be responsible for all workers’ compensation claims of any Transferred Employee that are based upon events or conditions occurring at or after the Base Effective Time (or, with respect to Transferred Employees relating to China CS, the China Effective Time).
Buyer shall indemnify Seller and its Affiliates and hold them harmless from and against any Losses which may be incurred or suffered by any of them in connection with any claim made by a Transferred Employee, severance payments or termination indemnities triggered for any reason due to a Transferred Employee’s termination or deemed termination of employment on or after the Base Effective Time (or, with respect to any Transferred Employee relating to China CS, the China Effective Time) for any reason.
Seller and its Affiliates shall be responsible for all claims incurred prior to the Base Effective Time (or, with respect to Transferred Employees of China CS, the China Effective Time) in connection with any Seller Welfare Plan for Transferred Employees and their beneficiaries and dependents.