Transferred Employees definition
Examples of Transferred Employees in a sentence
With respect to each facility of the Business that is certified as “Intermediate Care Facilities for Individuals with Intellectual Disabilities” the Seller Parties shall convey as Transferred Employees sufficient numbers of employees to reasonably staff on an ongoing basis the services provided at such facilities as required pursuant to 42 CFR 483.430 (a) and (d) and 42 CFR 483.460(c) and (d) including direct service, nursing and QIDP staff as reasonably determined by Buyer in good faith.
Schedule 4.13(a) also shows, as of the most recent pay period ending before the date of this Agreement, totals accrued for (i) vacation (or other paid time off) and paid sick leave and (ii) incentive bonuses for all Transferred Employees.
For the avoidance of doubt, to the extent any Liabilities or Damages arise out of or relate to the inclusion of Transferred Employees in a Plan, the Seller shall use reasonable best efforts to mitigate such Liabilities and Damages.
The insurers and third-party administrators for each of the Business Benefit Plans providing group welfare benefits has consented to continued participation under such Business Benefit Plans (and related insurance coverages) by Transferred Employees and new hires (and their respective spouses and dependents) during the post-closing benefit transition period set forth in the Transition Services Agreement.
Effective as of the Closing, Buyer (or Designated Buyer, as applicable) shall, or shall cause one of its Affiliates to, assume all then- accrued, unused vacation and paid time off for Transferred Employees.