Acquired Entity Employee definition

Acquired Entity Employee means each current employee (including individuals who are full-time, part-time, temporary, on vacation or on a paid or unpaid leave of absence) of any Acquired Entity.
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Acquired Entity Employee shall have the meaning ascribed to it in Section 6.5.
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Acquired Entity Employee means each individual who is an employee of the Acquired Entity as of the Closing Date.
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Examples of Acquired Entity Employee in a sentence

  • None of the Acquired Entities intends, or has committed, to establish or enter into any new Acquired Entity Employee Plan, or to modify any Acquired Entity Employee Plan (except to conform any such Acquired Entity Employee Plan to the requirements of any applicable Legal Requirements, as previously disclosed to Parent in writing or as required by this Agreement).

  • No independent contractor is eligible to participate in any Acquired Entity Employee Plan.

  • The Company shall have provided Parent with evidence reasonably satisfactory to Parent as to the termination of the Acquired Entity Employee Plans required to be terminated pursuant to Section 4.5.

  • No Acquired Entity is a party to any collective bargaining Contract with respect to any Acquired Entity Employee.

  • All required contributions to, and payments from or in connection with, any Acquired Entity Employee Plan have been timely made in accordance with the terms of such Acquired Entity Employee Plan, applicable Contracts and applicable Legal Requirements, and all contributions for any period ending on or before the Closing Date which are not yet due are reflected as an accrued Liability on the Unaudited Interim Balance Sheet.

  • No Acquired Entity Employee Plan is intended to meet the requirements of Section 501(c)(9) of the Code.

  • No Acquired Entity Employee Plan provides, or is obligated to provide, welfare benefits to any person who is not a current or former employee of an Acquired Entity (or dependent thereof).

  • None of the Acquired Entities has incurred any excise Taxes under Chapter 43 of the Code with respect to any Acquired Entity Employee Plan and nothing has occurred with respect to any Acquired Entity Employee Plan that could reasonably be expected to subject any Acquired Entity to any such Taxes.

  • Each Acquired Entity Employee Plan intended to be “qualified” within the meaning of Section 401(a) of the Code is so qualified and no circumstances exist (i) which could result in loss of such qualification under Section 401(a) of the Code or (ii) which could result in a penalty under the Internal Revenue Service Closing Agreement Program if discovered during an Internal Revenue Service audit or investigation.

  • Part 2.15(g) of the Disclosure Schedule contains an accurate and complete list, as of the Agreement Date, of each Acquired Entity Employee Plan.