Coral Services definition
Examples of Coral Services in a sentence
Purchaser and Seller agree to require, as a condition of Purchaser's employment of Continued Employees and in consideration of Purchaser's and Seller's costs connected therewith, a waiver and release of all of the Continued Employee's claims against Purchaser, Seller, the Company, Coral Services, and all of their Affiliates based on all occurrences prior to the date of execution of the waiver and release.
Seller shall be responsible for the termination of employees of Coral Services listed on Schedule 6.06 not identified by Purchaser as a Continued Employee (not to exceed 105 individuals).
Purchaser agrees to offer on or about the Closing Date at-will employment to at least 280 of the employees of Coral Services listed on Schedule 6.06 ("Continued Employees") of the Disclosure -------------- Memorandum.
Purchaser agrees that, except as provided herein, for a period of two years following the Closing Date, neither it nor the Company nor any of its Subsidiaries shall directly solicit for hire any Oklahoma employee of Seller or Coral Services without the written consent of Seller or Coral Services, as applicable.
The terms of the employment of Continued Employees by the Purchaser after the Closing shall be under substantially similar terms of such employees' employment by Coral Services on the date hereof, including the level of wages or salary, vacation, holiday, and sick leave.