Loaned Employee Clause Samples
The Loaned Employee clause defines the terms under which an employee of one company is temporarily assigned to work for another company. Typically, this clause outlines the responsibilities of both the lending and receiving employers, such as who manages day-to-day supervision, how compensation and benefits are handled, and the duration of the assignment. Its core function is to clarify the employment relationship and obligations during the loan period, thereby preventing disputes over control, liability, and employment rights.
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Loaned Employee. An employee of CTI, the services of which are utilized by CNC to facilitate the goals and purposes of this Agreement.
Loaned Employee. An employee whose normal assignment has been changed for a period of time as specified in the applicable Local Appendices, without change in the employee’s employment and payroll records.
Loaned Employee. In exchange for the $[***] per month payment by Licensee to Southland for the first twelve (12) months after the Effective Date, Southland shall furnish an employee of Southland's (the "Loaned Employee") to Licensee for that same twelve (12) month period. The Loaned Employee shall be available in the Licensed Territory on a full-time basis to consult with and advise Licensee's employees. The Loaned Employee shall be and remain a full-time employee of Southland's and will only advise Licensee regarding the operation. Licensee will individually determine whether to utilize the Loaned Employee's advice and, if so, how to implement the advice, and all decisions and liability therefor shall be Licensee's. The Loaned Employee shall be equivalent to or above the level of a Southland Market Manager.
Loaned Employee. The United States Business Employee who is listed on Schedule 8.4(b)(xi) shall receive an offer of employment from Buyer or a Buyer Subsidiary at the time provided in and in accordance with Section 8.4(b)(i) and (ii) except that. such employment offer shall be conditioned upon the Buyer obtaining, at the Buyer’s cost, a Premium H-1B visa for such employee which permits the Buyer or the applicable Buyer Subsidiary to employ such employee in the United States. If such employee accepts such employment offer, Buyer shall commence all commercially reasonable efforts at Buyer’s cost to obtain such visa for such employee. If such visa is not obtained prior to the Closing Date, the Seller shall continue to employ such United States Business Employee (“Loaned Employee”) and such employment, and the obligations and liabilities of the Buyer and Seller in relation to such employment, shall be in accordance with the Employee Loan Agreement. Provided that such Loaned Employee is employed by Buyer or a Buyer Subsidiary, upon Seller obtaining a Premium H-1B visa for such employee, Buyer shall, or shall immediately cause a Buyer Subsidiary to, employ such Loaned Employee and the terms and conditions of employment applicable to United States Transferred Employees as set out in this Section 8.4 shall apply to such Loaned Employee upon commencement of employment.
Loaned Employee. An employee whose normal assignment has been changed for a period of time not to exceed four weeks, without change in the employee's employment and payroll records.