Examples of Employee Termination Date in a sentence
The Purchaser acknowledges that it will be responsible for the total amount actually paid by the Seller or its Affiliate for compensation and benefits, including any withholding taxes and payroll taxes paid by the Seller’s Group, to or in respect of the Working Day Relevant Employees in relation to their ordinary course of employment for the period on and from the Effective Time to (and including) the Working Day Employee Termination Date which applies to the relevant Working Day Relevant Employee.
After the Employee Termination Date, Buyer shall be solely responsible for offering and providing any COBRA Coverage required with respect to any Transferred Employees (or other “qualified beneficiaries”) who become covered by a group health plan sponsored or contributed to by Bxxxx and who experience a “qualifying event” after such Transferred Employee’s hire date with Buyer.
Prior to the Employee Termination Date, and upon appropriate written notice from Buyer, Seller shall be responsible for offering and providing any COBRA Coverage with respect to any Business Employee who is a “qualified beneficiary” who is covered by a Seller Benefit Plan that is a “group health plan” and who experiences a qualifying event as a result of a termination in made in accordance with this Agreement.
Upon receipt of sufficient funds from Buyer in accordance with this Section 6.1, Seller shall make all required contributions and pay all premiums required under any Seller Benefit Plan on behalf of Business Employees with respect to periods ending on or prior to the Employee Termination Date.
The noncompetition covenant set forth in Section 1(b) above shall not apply where Employee's employment is terminated by the Company without Cause (as hereinafter defined) or where the Employee has been Constructively Terminated (as hereinafter defined), unless, (i) on or before 10 Business Days following the Employee Termination Date, the board of directors of the Company or OptiMark Holdings, Inc.
If a Participant ceases to be an Employee for any reason other than the Participant's death, Disability or Normal Retirement, then any and all Options held by the Participant (or any permitted transferee) as of the date the Participant ceases to be an Employee ("Termination Date") shall survive the termination and shall be exercisable for a period of the lesser of (i) the remainder of the term of the Option or (ii) 180 days following the Termination Date.
Employee agrees that, for a period of 12 months after the Employee Termination Date, neither Employee nor any Employee Controlled Entity, shall engage in any Competitive Activity.
If so agreed, the parties agree that the transfer of employment of the Working Day Relevant Employees to the Purchaser or one of its Affiliates shall take effect on and from the day following the Working Day Employee Termination Date which applies to the relevant Working Day Relevant Employee.
Seller shall provide Purchaser with access to all books and records and copies of all Tax filings related to employment Taxes paid with respect to any New Purchaser Employees for the period from January 1, 1998 through the applicable Employee Termination Date.
Effective as of the Employee Termination Date, all Stock Option Agreements, if any, between Vision 21 and any Employees or any professional employees of the Practice shall be deemed to be terminated except that any stock options which are fully vested as of the Employee Termination Date may be exercised within ninety days after the Employee Termination Date, in accordance with the terms of the applicable Stock Option Agreement.