Acquired Business Employees definition

Acquired Business Employees means (a) Group Company Business Employees, (b) Purchased Asset Business Employees, and (c) Other Acquired Business Employees.
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Acquired Business Employees shall have the meaning set forth in Section 5.7 hereof.
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Acquired Business Employees means those persons who are employees of Seller engaged in the Acquired Business as of the applicable date, excluding the Excluded Employees. The Acquired Business Employees as of August 27, 1998 are identified in Schedule P.
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Examples of Acquired Business Employees in a sentence

  • Purchaser's obligation to employ such Acquired Business Employees shall be subject to such employees' compliance with the standard hiring practices of Purchaser.

  • Schedule 5.7 hereto sets forth a list which is true and complete in all material respects of the current employees of Sellers in respect of the Acquired Business ("Acquired Business Employees"), their current respective positions or job classifications and their current respective wage scales or salaries, as the case may be.

  • Seller shall pay to --------------------------------------------------- applicable Acquired Business Employees all Termination-related Amounts.

  • No later than October 12, 1998, Purchaser shall identify in ------------ writing to Seller those Acquired Business Employees to whom Purchaser intends to offer employment (as determined by Purchaser in its sole discretion).

  • During the period from the Execution Date to the Closing Date, Sellers shall provide Purchaser with (x) reasonable access, during normal business hours and upon reasonable prior written notice, to the Acquired Business Employees and (y) information, including employee records and Benefit Plan data, reasonably requested by Purchaser, except as otherwise prohibited by applicable Laws.

  • No member of the Company Group is subject to any collective bargaining agreement with respect to any of the Acquired Business Employees, subject to any other Contract with any trade or labor union, employees’ association or similar organization, and subject to any current labor disputes.

  • No later than October 12, 1998, Purchaser shall identify in writing to Seller those Acquired Business Employees to whom Purchaser intends to offer employment (as determined by Purchaser in its sole discretion).

  • The Purchased Asset Employees and Other Acquired Business Employees represent all employees of the Sellers and their Affiliates who are primarily engaged in the Acquired Business and are not Group Company Business Employees.

  • Exhibit 1Local PurchasesRetained Earnings, Dividends & InvestmentsRelated User OutputBusiness RevenueRelated User Personal IncomePayrollFlows of Economic Activity Through the EconomySeaport ActivityValue of Imports/Exports State & Local TaxesInduced JobsRe-spendingDirect Jobs Related User JobsIndirect JobsThese four types of impacts are: • Employment Impact - the number of full-time equivalent jobs generated by activity at the public and private marine terminals in the Portland Harbor.

  • Purchaser and Seller agree to adopt the alternative ----------- procedure described in Section 5 of Revenue Procedure 96-60 as promulgated by the Internal Revenue Service with respect to wage reporting, F.I.C.A., withholding and similar Taxes applicable to the Acquired Business Employees who become employees of Purchaser.


More Definitions of Acquired Business Employees

Acquired Business Employees means (a) each employee of a Transferred Company as of the Closing Date, (b) each employee of the Seller or one of its Affiliates as of the Closing Date (other than a Transferred Company) whose employment as of the Closing Date primarily relates to the Acquired Businesses and (c) each employee of the Seller or one of its Affiliates who the Parties mutually determine in good faith following the date hereof and prior to the Closing shall be an “Acquired Business Employee”, including in all cases, each such employee who as of the Closing Date is on leave of absence (including medical leave, military leave, workers compensation leave and short-term or long-term disability) or vacation, and excluding any individual the Parties mutually determine in good faith following the date hereof and prior to the Closing shall not be an “Acquired Business Employee.” Notwithstanding the foregoing, Buyer may, at its election, exclude any employee described in clause (a) or clause (b) of the immediately preceding sentence whose current primary work location is in London, United Kingdom, Houston, Texas or Italy from being designated an “Acquired Business Employee.” References to the “Closing” and the “Closing Date” in this definition shall be deemed to be references to the applicable “Deferred Transfer” and the “Deferred Transfer Date”, respectively, as applicable, with respect to any Acquired Business Employee who is employed primarily in a Deferred Business.
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Acquired Business Employees has the meaning set forth in Section 2.19(a).
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Acquired Business Employees means all employees of the SpinCo Entities who are dedicated to the Acquired Business (as scheduled on Schedule 1.1(a)).
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Related to Acquired Business Employees

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Acquired Business means the entity or assets acquired by the Borrower or a Subsidiary in an Acquisition, whether before or after the date hereof.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Target Group means the Target and its Subsidiaries.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Group Business Entity means;

  • Excluded Employees has the meaning set forth in Section 14.1.

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • Current Employees has the meaning set forth in Section 5.6(a).

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Acquired Entities means the Company and each of its Subsidiaries, collectively.

  • Target Companies means the Company and its Subsidiaries.

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of SpinCo, after giving effect to the Reorganization.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.