Examples of CM Business in a sentence
Seller makes no representation as to whether the CM Business Employees will accept employment with Buyer.
Within ninety (90) days following the end of each year, Buyer shall deliver to the Seller a statement setting forth Combined CM Business Revenue for such year and the calculation of the Contingent Consideration for such year (the “Contingent Consideration Statement”).
The CM Business Employees who are required to be licensed or registered for the activities conducted by them in respect of the Business are and at all times since January 1, 2002 have been duly licensed or registered in each state or jurisdiction in which and with each Governmental Authority with whom such licensing or registration is so required.
Buyer shall cause each CM Business Employee employed by a Transferred Subsidiary immediately prior to the Closing Date to continue his or her employment with a Transferred Subsidiary with a term and condition of such continued employment being that his or her rate of base pay must be substantially similar to (and in no event less than 75% of) the base pay being paid to such CM Business Employee immediately prior to the Closing.
CM Business Employees who accept such offers of employment from Buyer, or who continue to be employed by any Transferred Subsidiary as of the Closing Date, are hereinafter referred to as "Buyer Employees" and their employment with Buyer shall continue or, as applicable, commence on the Closing Date.
Buyer shall not be responsible for any continuation of health care coverage, in accordance with the requirements of COBRA, for CM Business Employees who receive offers of employment or continued employment from or with Buyer pursuant to Section 5.5(a) but who do not become Buyer Employees.