Workers can still suffer losses. B if the new terms of employment are not as favourable or if their new employment is terminated before the notice due by the seller. In these cases, the seller may be held responsible for the unfettered portion of the losses suffered by the staff. The buyer may also be held responsible for unpaid damages that are not settled by the seller. Companies considering this method should carefully consider all terms of employment and potential commitments and accept appropriate compensation clauses prior to transfer. 1. Resignation. They resign, effective on the date of the company, from their positions as CFO of the company and director and general manager of all related subsidiaries and companies, effective on the date of the company (the “effective date”). They agree to act as a non-manager of the company and to provide transitional work services from the effective date until June 30, 2012 (end date and “transitional period”). Unless indicated, the company will not have any other obligations to you after the effective date, including the letter of March 17, 2010 (the “employment contract”) (including sections 3.8 and 3.9 of the employment contract). The wholesale terms that are used in this contract and are not defined in this agreement have the meaning that is used or defined in the labour agreement. Companies should take the time to clearly define when and how staff contracts are handled during a transfer. The mode of transition of workers to their new business and the resulting distribution of debt should be explicitly defined in an agreement between the seller and the buyer.
CNET Networks, Inc. (“CNET” or “the company”) and Douglas Woodrum (“employees”) obtained mutual understanding and agreement on the transfer of the CFO`s employee`s position to another position within the company. In return for the implementation of this Agreement, the parties agree that, in exchange for the employee`s agreement (“Agreement”), the amount of the transitional allowance to which you are entitled will be calculated on the basis of your salary and all years of service. Under the Balanced Labour Market Act, you have the right to receive a transitional salary equal to one third of your gross monthly salary for each year of employment, minus a proportional payment for each month and every day that is not for an entire year. The amount of the transitional allowance that you can receive in the Netherlands is currently limited to 83,000 euros or an annual salary, the higher the amount. This Executive Transition Agreement replaces and replaces the December 21, 1998 working letter contract (the “employment contract”) and all other work-related agreements or obligations made prior to the entry into force of this transitional contract (along with the employment contract, “previous agreements”) by and under ACADIA Pharmaceuticals Inc. , a Delaware company (the company) and Uli Hacksell. , Ph.D. (the “executive”). This transitional agreement enters into force on the effective date mentioned in Section 7. The benefit is that if the worker accepts the assignment, he cannot subsequently apply for constructive dismissal.
The termination clauses and all other contractual conditions favourable to the purchaser are maintained.