Canadian Employees. (i) Each Canadian Loan Party will cause to be delivered to the Agent, promptly upon the Agent’s written request, a copy of each Canadian Pension Plan and Canadian Employee Plan and, if applicable, related trust agreements or other funding instruments and all amendments thereto.
Canadian Employees. (i) Except as set forth on Schedule 5.9(b) (as updated from time to time) and as of the date hereof, no Canadian Loan Party maintains or contributes to any plan other than statutory plans required by applicable law.
Canadian Employees. Notwithstanding the other provisions of this Section 13.2 (including, for greater certainty, Section 13.2(d)(i)), respecting the conversion or adjustment of each MRO Unvested Option into a Remaining MRO Unvested Option or an MPC Unvested Option, as applicable, if MRO Unvested Options are held by a Person who, for the purposes of the Income Tax Act (Canada) (the “ITA”), is a resident of Canada or who was granted such MRO Unvested Options in respect of, in the course of, or by virtue of employment in Canada, the conversion or adjustment of that Person’s MRO Unvested Options shall be effected with such modifications as may be required such that: (A) any action under Section 13.2(b) which is called for at or as of the Effective Time shall be taken or completed at the time that is immediately before the time that is immediately before the Effective Time (in this Section 13.2(d)(ii), the applicable time for the actions under Section 13.2 is the “Adjustment Time”), (B) if the Canadian Pre-Distribution Spread respecting such Person’s MRO Unvested Options is nil or positive, the Post-Distribution Spread of such Person's Remaining MRO Unvested Options or MPC Unvested Options, as applicable, shall be equal to or less than such Canadian Pre-Distribution Spread, and (C) if the Canadian Pre-Distribution Spread respecting such Person’s MRO Unvested Options is negative, the Post-Distribution Spread of such Person's Remaining MRO Unvested Options or MPC Unvested Options, as applicable, shall be less than nil. Notwithstanding anything herein contained, it is the intention that subsection 7(1.4) of the ITA shall apply to the adjustments and conversions contemplated in this Section 13.2(d)(ii). Accordingly, if at any time hereafter, for the purposes of the ITA (or any corresponding provincial income tax legislation) and determining the income tax consequences, if any, of the actions taken pursuant to this Section 13.2(d)(ii), it is finally determined, whether by a tribunal or a court of competent jurisdiction, or otherwise that (A) the total value of the shares of common stock which may be acquired pursuant to a Person's Remaining MRO Unvested Options or MPC Unvested Options, as applicable, less the aggregate exercise price payable under such options, as determined immediately after the Adjustment Time, exceeds (B) the total value of the shares of common stock that could be acquired under that Person's MRO Unvested Options, less the aggregate amount payable under such options...
Canadian Employees. Buyer hereby agrees that, upon the Closing or promptly thereafter, it will offer employment to the three employees of MJ Instrument Sales Co., a Nova Scotia entity, at salaries (including, without limitation, commissions and benefits) reasonably equivalent to existing amounts. Buyer hereby covenants and agrees to assume and pay amounts owing to MJ Instruments Sales Co. as of the Closing Date under the Organization and Support Services Agreement dated as of January 1, 2003 between MJ Research and MJ Instrument Sales Co., as amended, and the Non-Exclusive Agency Agreement dated as of January 1, 2004 between MJ Research and MJ Instrument Sales Co., as amended (including, without limitation, amounts that will be payable as commissions to MJ Instrument Sales Co. and its employees for sales incurred prior to Closing); it being understood that such covenant and agreement shall not have any effect on any other valid obligation of any Subject Company to MJ Instrument Sales Co.
Canadian Employees. Neenah Paper shall be solely responsible, and shall indemnify Kxxxxxxx-Xxxxx, or its subsidiaries or affiliates, for all claims for workers’ compensation reported by a Canadian Business Employee before, on or after the Distribution Date. Any experience refunds which relate to such claims shall be paid to Neenah Paper, or if received by Kxxxxxxx-Xxxxx or its subsidiaries or affiliates, paid by Kxxxxxxx-Xxxxx or its subsidiaries or affiliates to Neenah Paper. Neenah Paper shall be solely responsible for, and shall indemnify Kxxxxxxx-Xxxxx, or its subsidiaries or affiliates, for any experience surcharges which relate to such claims.
Canadian Employees. Effective as of the Distribution Date, Neenah Paper shall establish supplemental employee retirement plans or other pension plans which are not registered that are substantially similar to the Kxxxxxxx-Xxxxx supplemental employee retirement plans in which Canadian Business Employees participate, including but not limited to any monthly retirement income arrangements payable pursuant to the settlement of union grievances and any special retirement packages applicable to Canadian Business Employees employed at the Terrace Bay or Longlac facilities of the Neenah Business. Neenah Paper shall assume and be solely responsible for any liabilities arising from or in connection with all such Canadian Business Employees under such plans.
Canadian Employees. The following is a complete list of agreements between the Company and its Canadian employees with respect to any benefits or termination: Employment agreement with Exxx Xxxxx dated January 12, 2012 Employment agreement with Axxxx Xxxxxxxxx dated January 12, 2012 Employment agreement with Axx Xxxxxxxxx dated March 1, 2011 Employment agreement with Axxxxx Patient dated January 1, 2012 Incentive Stock Option Plan dated January 6, 2012 Schedule 5.10 – Authorizations, Permits, Licenses and Approvals The Company possesses all necessary authorizations, approvals and permits necessary to conduct business as presently conducted with the exception of the following: Medicine License for Merus Labs Luxco S.a r.x, Wholesale license for Merus Labs Netherland B.V.
Canadian Employees. Canadian Buyer shall provide or establish benefit plans and group RRSP plans for the Transferred Employees employed by Agilysys Canada that provide, when taken as a whole, the same or no less favorable benefits as those generally provided by Buyers to its similarly situated employees as of the Closing Date.
Canadian Employees. (i) At least seven Business Days prior to the Closing, CIT Canada shall offer employment, to be effective as of the Closing Date, to such employees of GTF (whether or not active) as CIT Canada shall identify in writing to GTF at least 15 Business Days prior to the Closing Date. All such employees who accept employment with CIT Canada as of the Closing Date shall be referred to as “Canadian Hired Employees” and all employees of GTF who are not Canadian Hired Employees as of the Closing Date shall be referred to as “Non-Hired Canadian Employees.” The terms and conditions of such employment by CIT Canada, including the wages, salary, vacation, holiday, paid leaves, location of employment and the level of required travel, shall be on such terms and conditions as CIT Canada may determine. Purchasers shall provide appropriate information to affected employees concerning such terms and conditions of such employment at the time Purchasers extends such employment offers, and Purchasers and Sellers shall cooperate in providing Purchasers the opportunity to communicate such offers to affected employees.
Canadian Employees. None of the Canadian Holding Companies (i) has or has ever had any employees and its directors and officers receive no remuneration or compensation from the respective Canadian Holding Company and do not participate in the Aitec Employee Benefit Plans in their capacities as officers and directors of the Canadian Holding Companies (although they do participate in their capacities as employees of the Aitec Subsidiaries); (ii) is a party to a collective agreement or any arrangement or understanding with any trade union or employee association; and (iii) has and/or is engaged in any unfair labour practice and no unfair labour practice complaint, grievance or arbitration proceeding is pending or, to the Canadian Vendors’ knowledge, threatened against any Canadian Holding Company. No trade union or employee association holds any bargaining rights with respect to any Canadian Holding Company, or has applied or, to the Canadian Vendors’ knowledge, has threatened to apply to be certified with respect to any Canadian Holding Company.
