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.
So long as you remain an employee of the Company, the Acquired Employee Options shall vest 25% on the first anniversary of the grant date, and 1/48th of the grant amount each month thereafter, subject to the terms and restrictions set forth in the SFDC Option Plan.
Any unvested Acquired Employee Options will be forfeited in their entirety upon the termination of your employment for any reason, including your resignation, except as otherwise provided in the applicable award agreement.