Examples of Employee Sellers in a sentence
To the extent requested by a Transferred Employee, Sellers shall cause to be transferred to Buyer's 401(k) Plan, in cash and in kind, all of the individual account balances of Transferred Employees under the Sellers' Plan, including any outstanding plan participant loan receivables allocated to such accounts.
With respect to any Employee who does not become a Transferred Employee, Sellers shall be responsible for providing such Employee with any benefits to which such Employee shall become entitled under the Sellers' Employee Transition Plan, as well as any other termination or severance benefits to which such Employee may be entitled.
They noted that these transfers are not included in the TOFE or the National Budget as they are paid as an aggregate amount, and it is therefore impossible to link them to a specific revenue stream or financial authority.
Sellers shall not, and shall not attempt to, engage or transfer the services of any of the Prospective Employees to any other business operated by Sellers or their successors; provided, however, that in the event Buyer engages and then later terminates the services of any Prospective Employee, Sellers may later re-engage the services of such individuals.
Validus undertakes to the Employee Sellers to comply with the terms set out in Annex A of its offer letter dated 18 April 2007 in respect of the issue of US$15,000,000.00 of Validus Common Shares to Employees in accordance with the terms of that Annex A (subject to such amendments as may be agreed between Validus and the Employee Sellers) (the "SHARE AWARDS").