PDCE definition
Examples of PDCE in a sentence
Any cigarettes that have been sold, offered for sale or possessed for sale in this state in violation of section 3(c) shall be deemed contraband and the cigarettes shall be subject to seizure by the department and forfeiture, and all the cigarettes so seized and forfeited shall be destroyed and not resold.
No later than ten (10) Business Days before the Closing Date, Buyer or an Affiliate of Buyer shall offer employment to any such PDCE Business Employees as Buyer may determine in its sole discretion.
PDCE Business Employees who accept the offers of employment made pursuant to this Section 7.11(b) shall be collectively referred to as “Transferred Employees.” At the time of Closing, PDCE shall terminate the employment by PDCE of all Transferred Employees (other than those who are on Leave), and such Transferred Employees shall become employees of Buyer or its Affiliate(s) on the day immediately following the Closing Date.
Each such offer of employment shall be (i) contingent upon the occurrence of the Closing, (ii) contingent upon the PDCE Business Employee’s satisfaction of Buyer’s or its Affiliate’s drug testing and background check hiring criteria, and (iii) held open for not less than five (5) Business Days after the offer is made.
Schedule 4.2(bb) sets forth a summary of all material insurance policies carried by PDCE that currently insure the operations of the Company and the Subsidiaries.
Sellers agree to maintain all policies of insurance carried by PDCE that insure the Company, the Subsidiaries, the Business and the Assets (the “PDCE Policies”) in full force and effect until Closing.
PDCE will cooperate with Buyer in encouraging the PDCE Business Employees to accept any offers of employment made by Buyer or its Affiliate(s) pursuant to this Section 7.11(b).
Buyer shall promptly inform PDCE in writing of the identity of each Transferred Employee.
Buyer shall indemnify PDCE and its Affiliates with respect to all Covered Liabilities relating to or arising out of the breach by Buyer of any Law in connection with Buyer’s selection and offer process relating to PDCE Business Employees.