Active Business Employee definition

Active Business Employee means a Business Employee who, as of the date immediately prior to the Closing Date, (i) actively performs work on behalf of Seller or (ii) is not actively performing work on behalf of Seller due to vacation, holiday, illness or injury (other than an employee receiving workers’ compensation benefits or on an approved leave of absence, including FMLA or military leave), jury duty, or bereavement leave in accordance with applicable policies of Seller.
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Active Business Employee means a Business Employee who, as of the date immediately prior to the Closing Date, (i) (A) actively performs work on behalf of Seller or (B) is not actively performing work on behalf of Seller due to vacation, holiday, illness or injury (other than an employee receiving workers’ compensation benefits or on an approved leave of absence, including FMLA or military leave), jury duty, or bereavement leave in accordance with applicable policies of Seller, or (ii) is covered by the Collective Bargaining Agreement. For the avoidance of doubt, any Business Employee who is a part-time employee will be considered an “Active Business Employee” and any Business Employee who was working under Seller’s Modified Duty Program and has returned to regular duty as of the date immediately prior to the Closing Date will be considered an “Active Business Employee”.
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Active Business Employee means a Business Employee who, as of the date immediately prior to the Closing Date, (i) (A) actively performs work on behalf of Seller or (B) is not actively performing work on behalf of Seller due to vacation, holiday, illness or injury (other than an employee receiving workers’ compensation benefits or on an approved leave of absence, including FMLA or military leave), jury duty, or bereavement leave in accordance with applicable policies of Seller, or (ii) is covered by a Collective Bargaining Agreement. For the avoidance of doubt, any Business Employee who is a part-time employee will be considered an “Active Business Employee” and any Business Employee who was working under Seller’s Modified Duty Program and has returned to regular duty as of the date immediately prior to the Closing Date will be considered an “Active Business Employee”.
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Examples of Active Business Employee in a sentence

  • Each Active Business Employee who accepts employment with Buyer shall become a Transferred Employee effective on the first day immediately following the Closing Date and shall terminate his or her employment with Seller as of the Closing Date.

  • Notwithstanding the foregoing, after the Assumed PTO for a Hired Employee is used by such Hired Employee, such Hired Active Business Employee will accrue paid time off and leave in accordance with the Purchaser PTO Policies as may be modified from time to time.

  • Buyer shall assume and honor all vacation days accrued under the vacation policies of the Sellers, the Companies and the Subsidiaries but not yet taken by each transferring Active Business Employee as of the Closing Date.

  • Each Active Business Employee who accepts employment with CCBC United shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with the CCBCC Parties on the date immediately prior to the Closing Date.

  • Each Active Business Employee who accepts employment with CCBCC shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with CCR as of the date immediately prior to the Closing Date.

  • Each Active Business Employee who accepts employment with CCBCC shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with CCR as of the day immediately prior to the Closing Date.

  • Each Active Business Employee who accepts employment with the CCBCC Parties shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with CCBC United on the date immediately prior to the Closing Date.

  • Each such Business Employee identified on the Business Employee Schedule will be identified as either an Active Business Employee or an Inactive Business Employee.

  • Each Active Business Employee who accepts employment with Buyer shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with Seller as of the date immediately prior to the Closing Date.

  • Each Active Business Employee who accepts employment with Buyer shall become a Transferred Employee effective on the Closing Date and shall terminate his or her employment with Seller as of the day immediately prior to the Closing Date.


More Definitions of Active Business Employee

Active Business Employee means any Business Employee other than an Inactive Business Employee.
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Active Business Employee means a Business Employee who, as of the date immediately prior to the Closing Date, (i) actively performs work on behalf of CCR or (ii) is not actively performing work on behalf of CCR due to vacation, holiday, illness or injury (other than an employee receiving workers’ compensation benefits or on an approved leave of absence, including FMLA or military leave), jury duty, or bereavement leave in accordance with applicable policies of CCR.
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Active Business Employee means a Business Employee who, as of the date immediately prior to the Closing Date, (i) actively performs work on behalf of the CCBCC Parties or (ii) is not actively performing work on behalf of the CCBCC Parties due to vacation, holiday, illness or injury (other than an employee receiving workers’ compensation benefits or on an approved leave of absence, including FMLA or military leave), jury duty, or bereavement leave in accordance with applicable policies of the CCBCC Parties. For the avoidance of doubt, any Business Employee who is a part-time employee will be considered an “Active Business Employee”.
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Active Business Employee means any Business Employee who, on the Closing Date, is actively employed by Seller or who is on short-term disability leave, authorized leave of absence, leave required by Applicable Law, military service or lay-off with recall rights as of the Closing Date (such inactive employees shall be offered employment by the Company as of the date they return to active employment), but shall exclude any other inactive or former employee including any Person who has been on long-term disability leave or unauthorized leave of absence or who has terminated his or her employment, retired or died on or before the Closing Date. For 12 months following the Closing Date, each such offer by the Company shall provide for (i) a base salary (or base wages) and annualized cash bonus opportunity, in the aggregate, no less favorable than the base salary (or base wages) and annualized cash bonus opportunity provided to such employee immediately prior to the Closing, and (ii) benefits that are substantially comparable in the aggregate to the benefits provided to such employee immediately prior to the Closing, other than equity compensation and severance arrangements (such offer, a “Qualifying Offer”). The Business Employees who accept and commence employment with the Company are hereinafter collectively referred to as the “Transferred Employees.” Seller will not take, and will cause each of its subsidiaries not to take, any action which would impede, hinder, interfere or otherwise compete with the Company’s effort to hire any Transferred Employees. The Company shall not assume responsibility for any Transferred Employee until such employee commences employment with the Company. Those active Business Employees who receive and reject such offer of employment, and all current or former directors, independent contractors, and all other employees of Seller and its Subsidiaries, other than Business Employees, are referred to herein as “Excluded Employees.”
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Active Business Employee means each Business Employee who is not inactive as of the Closing Date by reason of sickness, disability or medical leave, military leave or other permitted leave of absence.
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Active Business Employee has the meaning set forth in Section 9.01(a). “Affiliate” means, with respect to any specified Person, any other Person that, at the time of determination (including, for the avoidance of doubt, any future Affiliate of any Person that would be considered an “Affiliate” under this definition as of the applicable time of determination), directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such specified Person. For purposes of this definition, “control” means, with respect to any Person, the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting securities, by contract or otherwise and, for the avoidance of doubt, after the Closing (a) none of Seller or any of its Affiliates shall be deemed an Affiliate of any Transferred Entity and (b) Buyer shall be deemed an Affiliate of each of the Transferred Entities. “Agreement” means this Stock and Asset Purchase Agreement, dated as of January 8, 2024, between the Seller and the Buyer, including the Disclosure Letter, the Schedules, the Annexes and the Exhibits attached hereto, and all amendments to this agreement made in accordance with Section 14.08. “Ancillary Agreements” means the Bill of Sale, the Intellectual Property Assignment Agreement, the Transition Services Agreement, the Vendor Loan Note Instrument, the Equalisation Deed, the Local Transfer Agreements and any other agreements, instruments or documents required to be delivered at or in connection with the Closing or any Deferred India Closing, in each case, including all exhibits, schedules and annexes thereto. “Antitrust Laws” means any Laws applicable to the Buyer, any Selling Party or any Transferred Entity under any applicable jurisdiction that are designed to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade, including, if applicable, the HSR Act. “Asset Sellers” means the Affiliates of the Seller listed on Annex C. “Assumed Employee Plan” means each Employee Plan (i) sponsored or maintained by any Transferred Entity as of the Closing Date, (ii) that the Buyer or any of its Affiliates has explicitly agreed to assume or retain pursuant to Article IX, or (iii) that the Buyer or any of its Affiliates is required to assume, contribute to or retain under applicable Law or any applicable collective bargaining agreement. “Assumed Foreign Employee Plan” means each Ass...
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Related to Active Business Employee

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

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Contract employee means an employee performing services under a PEO services contract or temporary help services contract.

  • Affiliated employee means any individual employed by a recipient who receives compensation directly from government assistance or a contract with the District of Columbia government, including any employee of a contractor or subcontractor of a recipient who performs services pursuant to government assistance or a contract. The term “affiliated employee” does not include those individuals who perform only intermittent or incidental services with respect to the government assistance or contract, or who are otherwise employed by the contractor, recipient or subcontractor.

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

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Current Employee has the meaning set forth in Section 7.8(a).

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • 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.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • U.S. Employee means a person who is an employee of the Company (or of any Subsidiary) for purposes of section 422 of the Code.

  • Prospective employee means any individual who has committed to become an employee of the Company within sixty (60) days from the date an Award is granted to such individual.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

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

  • Parent Employee means, a current employee of Parent or any of its Subsidiaries.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Active Employment means you must be actively at work for the Sponsor:

  • Regular Employee is one who is hired to work on a full-time or part-time basis on regularly scheduled shifts of a continuing nature;

  • Bona fide employee means a person, employed by a bidder and subject to the bidder's supervision and control as to time, place, and manner of performance, who neither exerts, nor proposes to exert improper influence to solicit or obtain contracts nor holds out as being able to obtain any contract(s) through improper influence.