Acquired Employee definition

Acquired Employee means any employee of a Miraclon Entity or Transferred Subsidiary.

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Acquired Employee shall have the meaning set forth in Section 4.03(c).

Acquired Employee means an employee who was employed in the acquired business.

Examples of Acquired Employee in a sentence

• Buyer shall credit the service of each Acquired Employee with Knight Ridder or its affiliates, including the Acquired Companies and their Subsidiaries, for purposes of eligibility and vesting under Buyer’s savings plan(s).

• Buyer shall take all steps necessary to permit each such Acquired Employee who has received an eligible rollover distribution (as defined in Section 402(c)(4) of the Code) from Seller’s Savings Plans to roll over such eligible rollover distribution, including any associated loans, as part of any lump sum cash distribution into an account(s) under a 401(k) savings plan maintained by Buyer or an Acquired Company.

• An Acquired Employee whose employment is terminated ceases immediately to be an “Acquired Employee” for purposes of this Agreement.

• No Acquired Employee shall be simultaneously covered under similar employee benefit plans of Parent or the Surviving Corporation and of the Company.

• Buyer shall be responsible for any workers' compensation claims with respect to any Acquired Employee if the incident or alleged incident giving rise to the claim occurs after the Effective Time.

More Definitions of Acquired Employee

Acquired Employee means an Eligible Executive who became an employee of the Company Group in connection with the Company’s (or a subsidiary of the Company’s) acquisition of an Acquired Company.

Acquired Employee means an individual who is employed (within the meaning of Section 3401 of the Code and the regulations thereunder) by an Acquired Company.

Acquired Employee has the meaning given in clause 14.3.

Acquired Employee means any of them;

Acquired Employee shall have the meaning given such term in Section 6.10.

Acquired Employee means any active employee of the Target or any of its Subsidiaries on the Closing Date, plus any employee of the Target or any of its Subsidiaries who is on leave of absence, paid or unpaid, or who is otherwise absent from active employment for any other reason and whose employer-employee relationship with the Target or such Subsidiary has not been terminated by the Target prior to the Closing Date.

Acquired Employee has the meaning set forth in Section 6.1(b) hereof.