Acquired Employees means employees who become employees as a result of a transaction under Section 410(b)(6)(C) of the Code. Such Employees will be excluded during the period beginning on the date of the transaction and ending on the last day of the first Plan year beginning after the date of the transaction. A transaction under Section 410(b)(6)(C) of the Code is an asset or stock acquisition, merger or similar transaction involving a change in the employer of the employees of a trade or business.
Acquired Employees has the meaning set forth in Section 7.1(a).
Acquired Employees means all those individuals who are employees of the Division or the Division Subsidiaries and who accept Buyer’s offer of employment, effective as of the Closing Date.
Examples of Acquired Employees in a sentence
Other than with respect to each position where the applicable Acquired Employee has rejected an offer of employment from Purchaser, Purchaser shall not make offers of employment to any current employee, individual independent contractor, officer or member of the board of directors of Seller or any of its Affiliates other than the Acquired Employees.
Seller shall be solely responsible for terminating the employment of all employees that are not Acquired Employees (collectively, the “Remaining Employees”) or transferring the employment of all Remaining Employees to Seller prior to the Closing, and all liabilities associated with the termination or transfer of all Remaining Employees shall be borne exclusively by Seller.
More Definitions of Acquired Employees
Acquired Employees means those employees or independent contractors of the Company and its Subsidiaries immediately prior to the Effective Time who are identified as such in Section 3.17(a) of the Company Disclosure Schedule.
Acquired Employees has the meaning set forth in Section 4.10(a).
Acquired Employees means those individuals who are employed by the Company immediately prior to the Closing Date.
Acquired Employees has the meaning set forth in Section 10.4(a).
Acquired Employees has the meaning set forth in Section 5(a)(i).
Acquired Employees has the meaning set forth in Section 6.2(a).
Acquired Employees all the employees of the Seller engaged in the Opsys UK Business whose names are set out in Part One of annexure A and “Acquired Employee” means any of them;