Active Employees definition

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.

Active Employees means all employees employed on the Closing Date by Seller for its business who are:

Active Employees has the meaning specified in Section 6.2(a).

Examples of Active Employees in a sentence

• Nothing in this Agreement shall be deemed to prevent or restrict in any way the right of Buyer to terminate, reassign, promote, or demote any of the Hired Active Employees after the Closing or to change adversely or favorably the title, powers, duties, responsibilities, functions, locations, salaries, other compensation, or terms or conditions of employment of such employees.

• For purposes of payroll taxes with respect to Hired Active Employees, Seller shall treat the Contemplated Transactions under this Agreement as a transaction described in Treas.

• All Hired Active Employees who are participants in Seller’s retirement plans shall retain their accrued benefits under Xxxxxx’s retirement plans as of the Effective Date, and Seller (or Seller’s retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans.

• Buyer will set its own initial terms and conditions of employment for the Hired Active Employees and others it may hire, including work rules, benefits, and salary and wage structure, all as permitted by law.

• All Hired Active Employees shall become fully vested in their accrued benefits or accounts under Xxxxxx’s retirement plans as of the Effective Date.

More Definitions of Active Employees

Active Employees means all employees employed by the Company, 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.

Active Employees as defined in Section 10.1(a).

Active Employees has the meaning set forth in Section 8.1.

Active Employees shall include all full-time and part-time employees; casual employees; employees on workers' compensation, military leave, maternity leave, leave under the Family and Medical Leave Act of 1993, short-term disability (subject to Section 6.1(g)), or layoff with recall rights; and employees on other approved leaves of absence with a legal or contractual right to reinstatement.

Active Employees has the meaning set forth in Section 10.1(a).

Active Employees as defined in Section 5.1(a).

Active Employees includes, with respect to a Group, non-employee directors of Thermo Electron and Viasys providing services as a director to Thermo Electron or any member of the Thermo Electron Group and Viasys or any member of the Viasys Group, respectively, as of the Distribution Date.