Terms For Employee Benefits

• Category: Corporations - Public - Employees
• State: Multi-State
• Control #: US-EG-9309
• Format: Word; Rich Text

Description

The Employee Matters Agreement outlines the terms for employee benefits during the transfer and reorganization of Motorola's Semiconductor Components Group. This form highlights key features related to the maintenance of employment conditions, the transfer of employees and consultants, as well as employee benefit plans, specifically focusing on retirement plans both in the U.S. and internationally. The document specifies that employees' terms and conditions must remain substantially similar post-transfer, ensuring that their benefits such as retirement plans are preserved. Filling out this form involves acknowledging various defined terms related to employee benefits, which should be interpreted consistently throughout the document. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form indispensable for handling transitions in employee benefits during corporate reorganizations, as it clarifies responsibilities for both the transferor and the transferee and provides frameworks for necessary amendments and compliance. The clarity and structured nature of this agreement facilitate a smoother transition for employees while ensuring legal obligations are met during transfers, enhancing its utility for legal professionals involved in employment law.