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1999-215
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Last modified
10/31/2023 2:51:18 PM
Creation date
10/31/2023 2:45:58 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/24/1999
Control Number
1999-215
Entity Name
Falcon Cable Media
Subject
Purchase and Contribution Agreement, Transfer of Control of Ultimate Parent
Company of Falcon Cable Media
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6.9 Employee Maners. <br />(a) Falcon shall temdnate, effective as of the Adjustment Time, the employment <br />of each Headquarters Employee who remains in employment as of the Closing other than those <br />Headquarters Employees designated in a written notice delivered by Buyer to Sellers not later am <br />60 days afterthe data ofthis Agreement. Seller shall provide affected Headquarters Employees, and <br />otherpardes entitled to receive notice, such notice "my be required under the Worker Adjustment <br />and Retraining Notification Act promptly following receipt of written notice from Buyer described <br />in the preceding sentence. Buyer shall indemnify and hold harmless Sellers from and against my <br />and all liability arising out ofeither Buyer's failure to provide such notice not later than 60 days after <br />the date of this Agreement or the termination of the employment of any Headquarters Employee, <br />except for the payment of compensation and severance benefits, as provided in Section 6.9(b) below, <br />(b) On or prior to Closing, Falcon shall pay any and all compensation owing to <br />Headquarters Employees for my time period prior to and indnding the Casing, including my <br />wages, salaries, bonuses and payments under my Compensation Arrangement owing to such <br />employees. On orpriorto the Closing, subject to the adjustment provided in 2A(b)(viii), Falcon will <br />pay each ofthe Headquarters Employees (including Headquarters Employees who decline continued <br />employment with Buyer), other than (i) those employees identified an Schedule 6.9 and (ii) those <br />Headquarters Employees whose employment will not be terminated in accordance with Section <br />6.9(a) above (the "Transferred Headquarters Employees"), severance pay on such terms and in such <br />amounts as Falcon may determine in its sole discretion. On or prior to the Closing, Falcon will <br />terminate the Falcon Communications, L.P. 1993 Incentive Performance Plan and provide for the <br />payment ofall benefits due under the terms ofsuch plan and provide for the payment of my amounts <br />due under the Falcon Communications, L.P. Key Executive Equity Program and my such program <br />sponsored by my Falcon Company. <br />(c) At Closing, Falcon shall provide Buyer a schedule setting forth a severance <br />pay amount for each Transferred Headquarters Employee. Upon the termination ofemployment for <br />my reason other than for Cause ofany Transferred Headquarters Employee within six months after <br />the Closing, Buyer shall pay such Transferred Headquarters Employee severance pay in an amount <br />not less than the severance pay amount identified in the schedule of severance pay described in the <br />foregoing sentence. For purposes of this Section, "Cause" shall mem (i) conviction ofa felony or <br />a crime involving moral turpitude, or (it) engaging in acts constituting willful dishonesty, fraud <br />and/or willful failure to carry out the employse'sjob responsibilities. <br />(d) Except as otherwise required in this Section 6.9, all employees of the Falcon <br />Companies who continue in employment following the Closing shall be employed on such terms and <br />conditions as are substantially similar in the aggregate to the terms and conditions of employment <br />ofBuyees and Charter's employees. Each such employee shall receive credit for all purposes other <br />than benefit accrual purposes under my retirement plan or program under my Employee Plan or <br />Compensation Arrangement of the Buyer for past service with my Falcon Company and, to the <br />extent credited under my Employee Plan or Compensation Arrangement ofmy Falcon Company, <br />for past service with my predecessor employer. <br />txvimrnaaxecmroN <br />
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