Employees. No individuals have been or presently are employed by Seller and there are no employment agreements or arrangements. Neither Seller nor, to Seller’s Knowledge, the Property Manager nor any other agent is a party to any union contracts, collective bargaining agreements or labor agreements or arrangements with respect to the use or operation of the Assets.
Employees. Executive recognizes that he will possess Proprietary Information about other employees of the Company and its subsidiaries and affiliates relating to their education, experience, skills, abilities, compensation and benefits, and inter-personal relationships with customers of the Company and its subsidiaries and affiliates. Executive recognizes that the Proprietary Information he will possess about these other employees is not generally known, is of substantial value to the Company and its subsidiaries in developing its business and in securing and retaining customers, and will be acquired by him because of his business position with the Company and its subsidiaries and affiliates. Executive agrees that, during the term of Executive's employment and for a period of nine (9) months beyond termination of Executive's employment, he will not, directly or indirectly, induce, solicit or recruit any employee of the Company or its subsidiaries or affiliates for the purpose of being employed by him or by any competitor of the Company on whose behalf he is acting as an agent, representative or employee, and that he will not convey any such Proprietary Information or trade secrets about other employees of the Company and its subsidiaries or affiliates to any other person.
Employees. Each of the officers of the Corporation, each key employee and each other employee now employed by the Corporation who has access to confidential information of the Corporation has executed an agreement regarding confidentiality, inventions and noncompetition, and such agreements are in full force and effect. No officer or key employee of the Corporation has advised the Corporation (orally or in writing) that he intends to terminate employment with the Corporation. The Corporation has complied in all material respects with all applicable laws relating to the employment of labor, including provisions relating to wages, hours, equal opportunity, collective bargaining and the payment of Social Security and other taxes, and with ERISA.
Employees. Except to the extent specifically included in the Assumed Accrued Liabilities, all Liabilities arising out of the employment relationship between Seller and any of its employees or former employees existing at any time, whether before or after the Closing, including, without limitation, all Liabilities relating to all severance claims of any employee of Seller (including, without limitation, such claims relating to or resulting from the consummation of the transactions contemplated hereby) and all workers’ compensation or EEOC claims, demands, investigations or proceedings relating to events which occurred prior to the Closing;
Employees. In the event that I leave the employ of the Company, I hereby consent to notification by the Company to my new employer about my rights and obligations under this Agreement.
Employees. In the event that I leave the employ of the Company, I hereby consent to notification by the Company to my new employer about my rights and obligations under this Agreement.
Employees. To the Company’s knowledge, no employee of the Company is in violation of any term of any employment contract, patent disclosure agreement or any other contract or agreement relating to the relationship of such employee with the Company or any other party because of the nature of the business conducted or to be conducted by the Company. The Company and its Subsidiaries are, and have been since January 1, 2017, in material compliance with all applicable Laws relating to employee compensation, benefits, labor and employment. None of the Company or any of its Subsidiaries is party to any collective bargaining or similar agreement and there has been no unionizing activity seeking recognition of a collective bargaining unit relating to any Service Provider. None of the Company or any of its Subsidiaries currently sponsors, maintains, contributes or is required to sponsor, maintain or contribute to any defined benefit pension plan or arrangement (whether or not tax-qualified) or that provides for post-employment or post-retirement medical, dental, disability, life or similar benefits to any current or former Service Provider (other than as required by applicable Law). To the Company’s knowledge, no Key Employee intends to terminate employment with the Company or is otherwise likely to become unavailable to continue as a Key Employee, nor does the Company have a present intention to terminate the employment of any of the foregoing. No compensation or benefits will be paid or become payable to any current to former Service Provider (alone or in conjunction with any other events) as a result of the transactions contemplated by this Agreement.
Employees. All Restricted Shares and/or Restricted Units that are the result of the settlement of an Award to a grantee who is an employee of the Company or any of its affiliates (an “Employee Grantee”) shall, subject to the proration provisions in Section 4(c) below, fully vest on the issuance date for Restricted Shares and on the date of the determination of the resulting number of retained Restricted Units, as provided in Section 1 hereof, subject to continued employment, and the other vesting provisions described below in Section 4(c)(i), provided that if the vesting date occurs within a trading lockout imposed by the Company, the vesting date for current employees will be automatically extended to the first business day after expiration of the lockout.
Employees. There are no employees of Seller or at the Property for which Buyer will be responsible after Closing (unless Buyer elects to employ any such employees).
Employees. Buyer may offer “at will” employment to such employees of Seller as Buyer may choose in its discretion (those employees of Seller hired by Buyer effective immediately following the Closing being the “Hired Employees”). Seller shall be responsible for compliance with COBRA, including the provision of continuation coverage with respect to all employees of Seller and their qualified beneficiaries for whom a qualifying event occurs at or prior to the Closing, and all current and former employees of Seller and its Affiliates and their qualified beneficiaries, who are not hired by Buyer or their qualified beneficiaries, for whom a qualifying event occurs at any time. Notwithstanding the foregoing, nothing in this [Section 7.9] shall prohibit Seller from terminating such continuation coverage as permitted by Code [Section 4980B(f)(2)(B)(ii)] if Seller ceases to provide any group health plan to any covered employee or dependent. Buyer shall be responsible for compliance with COBRA in accordance with Treasury Regulations Section 54.4980B-9, including, but not limited to, the provision of continuation coverage with respect to Hired Employees for whom a qualifying event occurs after the Closing. The terms “continuation coverage,” “qualified beneficiaries,” and “qualifying event” are used herein with the meanings ascribed to them in COBRA. Except as specifically provided herein, any and all Liabilities relating to or arising out of the employment, or cessation of employment, of any employee of Seller on or prior to the close of business on the Closing Date, and related to employment of any such Person by Seller, shall be the sole responsibility of the Seller, including wages earned through the Closing Date, any entitlement to payment for accrued but unused vacation as of the Closing Date, severance, and other remuneration or employee benefits. To the extent that Hired Employees are covered by employee benefit plans of Buyer or its Affiliates, Buyer shall or shall cause its Affiliates to waive participant eligibility and waiting periods for all such Hired Employees to the extent satisfied under the comparable Seller Plan as of the Closing Date.
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