Employment Terms and Benefits after the Closing Date Sample Clauses

Employment Terms and Benefits after the Closing Date. Nothing in this Agreement shall be construed to limit or restrict Buyer in any way with respect to (i) the conduct of the Business after the Closing Date; (ii) the modification or change in the terms of employment (including the termination of employment) of any Business Employee; and (iii) the modification, amendment or termination of any employee benefit plan maintained or contributed to by Buyer, including but not limited to any of the Buyer’s Welfare Plans. Notwithstanding any other provisions of this Section 5.4, the provisions of this Section and Section 4.10 shall not apply to any Business Employee who is employed by Dohmxx xxx not RESTAT on and after the Closing Date. No Business Employee, including any beneficiary or dependent thereof, or any other person not a party to this Agreement, shall be entitled to assert any claim, or otherwise have any third party beneficiary rights, hereunder. Buyer shall be responsible for all obligations, if any, that may arise under the WARN Act, including any financial Liability thereunder with respect to any Business Employees, solely in connection with the terminations of employment of Business Employees on and after the Closing. Dohmxx xxxll be responsible for all obligations, if any, that may arise under the WARN Act, including any financial Liability thereunder, solely in connection with the terminations of employment of Business Employees prior to the Closing.
Sample 1
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Employment Terms and Benefits after the Closing Date. Nothing in this Agreement shall be construed to limit or restrict the Buyer in any way after the Closing Date with respect to (i) the Buyer's conduct of the Business; (ii) the Buyer's modification or change in the terms of employment (including the termination of employment) of any Hired Employee; and (iii) the Buyer's modification, amendment or termination of any employee benefit plan maintained or contributed to by the Buyer, including but not limited to any of the Buyer's Welfare Plans; provided, however, within ninety (90) days from the Closing Date, no such amendment or modification shall be inconsistent with the requirement that Hired Employees receive immediate coverage under a group health plan pursuant to Section 7.13.
Sample 1

Related to Employment Terms and Benefits after the Closing Date

  • Employment Terms As a condition to your employment with the Company, you are required to (a) sign and return a satisfactory I-9 Immigration form providing sufficient documentation establishing your employment eligibility in the United States, and (b) provide satisfactory proof of your identity as required by United States law.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.

  • Term of Employment; Termination (a) The “

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

  • Competition After Termination of Employment The Company shall not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company and within 2 years from the Executive’s Termination of Employment, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section shall not apply following a Change in Control.

  • Other Terminations of Employment In the event of your termination of employment by Skyworks for Cause or by you for any or no reason other than as a termination of employment described in Sections 1.1, 3.1, or 4.1, you shall not be entitled to any benefits under this Agreement; provided, however, that Skyworks shall pay you any unpaid wages and vacation as may be required by applicable law and provide you with the ability to elect any continued health coverage as may be required under COBRA or similar state law.

  • Compensation and Benefits Upon Termination (a) If Executive’s employment is terminated by reason of death or Disability, the Company shall pay Executive’s Base Salary, at the rate then in effect, in accordance with the payroll policies of the Company, through the date of such termination (in the event of Executive’s death, the payments will be made to Executive’s beneficiaries or legal representatives) and Executive shall not be entitled to any further Base Salary or any applicable bonus, benefits or other compensation for that year or any future year, except as may be provided in Sections 5(d) or (e) below or an applicable benefit plan or program, or to any severance compensation of any kind, nature or amount.

  • Employment Terms and Duties 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to provide services for the Corporation as its Executive Vice President, Operations. The Executive shall serve as and perform the duties of Executive Vice President, Operations of the Corporation during the Term (defined hereinafter) of this Agreement.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

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