Continuing Employee definition

Continuing Employee has the meaning set forth in Section 6.7(a).

Continuing Employee means each individual who is an employee of the Company or any of its Subsidiaries immediately prior to the Effective Time and continues to be an employee of Parent or one of its Subsidiaries (including the Surviving Corporation and its Subsidiaries) immediately following the Effective Time.

Continuing Employee shall have the meaning set forth in Section 4.11(b).

Examples of Continuing Employee in a sentence

• Each Continuing Employee shall be entitled to participate in the Post-Closing Bonus Plan with an annual bonus target equal to the greater of (x) such Continuing Employee’s annual bonus target under the Closing Year VCP (as defined below) and (y) the annual bonus target of a similarly-situated employees of Parent (as reasonably determined by Parent where such targets constitute a range).

• Notwithstanding the foregoing, nothing in this Section 6.11 shall obligate the Surviving Corporation and its Subsidiaries to continue the employment of any Continuing Employee for any specific period.

• To ​ ​ the extent that a Continuing Employee was a participant in a Benefit Plan of Seller or its Affiliates, such Benefit Plans shall be responsible for providing benefits (including medical, hospital, dental, accidental death and dismemberment, life, disability and other similar benefits) to any participating Continuing Employees only for claims incurred prior to the Closing Date under and subject to the generally applicable terms and conditions of such plans.

• Buyer shall provide, or cause to be provided, to each Continuing Employee full credit for all service prior to the Closing Date, to the same extent as such service was credited under the comparable Benefit Plan, under all benefit plans of Buyer or its Affiliates for all purposes, including for purposes of eligibility, vesting, benefit accrual and determination of level of benefits.

• Buyer and Seller intend that the transactions contemplated by this Agreement shall not result in a severance-qualifying termination of employment of any Continuing Employee prior to or upon the consummation of the transactions contemplated by this Agreement and that the Continuing Employees will have continuous and uninterrupted employment immediately before and immediately after the Closing Date.

More Definitions of Continuing Employee

Continuing Employee means each Company Employee employed by a Company immediately before the Closing whose employment with such Company (or Buyer or any of its Affiliates) continues after the Closing.

Continuing Employee has the meaning set forth in Section 8.09(a).

Continuing Employee shall have the meaning given to that term in Section 5.11(a).

Continuing Employee shall have the meaning as set forth in Section 7.9(a) of the Agreement.

Continuing Employee is defined in Section 6.3(a) of the Agreement.

Continuing Employee means an Employee who is either full-time or part-time and not a Limited Term Employee.

Continuing Employee. Section 5.8(a)