ABI Employee definition

ABI Employee means each individual who, immediately prior to the Distribution Time, is either actively employed by, or on an approved leave of absence (including short- or long-term disability leave) from, ABI, ABI LLC or any of their respective Subsidiaries who is not a SpinCo Employee. The term “ABI Employee” shall also include any individual designated as an ABI Employee by mutual agreement of the parties hereto.
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ABI Employee shall also include any individual designated as an ABI Employee by mutual agreement of the parties hereto.
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Examples of ABI Employee in a sentence

  • Each of the arrangements set forth on Schedule 7.15(a) of the ABI Disclosure Schedule is hereinafter referred to as a "ABI Employee Benefit Plan," except that any such arrangement that is a multi-employer plan will be treated as an ABI Employee Benefit Plan only for purposes of Sections 7.15(d)(iv), (vi), and (vii) and 7.15(g) hereof.

  • From and after the Distribution Time, each ABI Employee shall remain an employee of the ABI Group and each SpinCo Employee shall remain an employee of the SpinCo Group; provided that nothing contained herein shall be construed to limit the ability of any member of the ABI Group or SpinCo Group to terminate the employment of any of its employees at any time and for any or no reason.

  • Subject to Section 2.01(c), effective as of immediately prior to the Distribution Time, (i) the employment of each SpinCo Personnel shall be transferred to SpinCo and/or another member of the SpinCo Group as determined by SpinCo, and (ii) the employment of each ABI Employee shall remain an employee of, as applicable, ABI, ABI LLC and/or another member of the ABI Group as determined by ABI.