Assumed Employee definition

Assumed Employee has the meaning set forth in Section 5.5(a).
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Assumed Employee means any one of them;
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Assumed Employee means any individual who is an employee of the Company or any of the Post-Restructuring Company Subsidiaries at the Effective Time and whose employment will continue with the Company or any of the Post-Restructuring Company Subsidiaries immediately following the Effective Time, subject to Section 6.5(a).
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Examples of Assumed Employee in a sentence

  • Subject to clause (ii) above, to the extent that any of the Employee Obligations constitute executory contracts, pursuant to sections 365 and 1123 of the Bankruptcy Code, each of them will be deemed rejected as of the Effective Date unless identified in the Schedule of Assumed Employee Obligations and shall be treated in accordance with this Article 8.

  • Unless as otherwise expressly provided in the Separation and Distribution Agreement, effective as of the Separation Effective Time, all workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by any Lithium Participant that result from an accident or from an occupational disease, regardless of whether incurred before, on or after the Separation Date, shall be assumed by the Company and shall constitute Lithium Assumed Employee Liabilities.

  • Without limiting the generality of Schedule 5.05 of the Separation Agreement, as of and following the Separation Effective Time, the Bromborough Indemnity Deed will remain in full force and effect in accordance with its terms; provided that any and all Liabilities related to or arising under the Bromborough Indemnity Deed shall constitute Lithium Assumed Employee Liabilities.

  • From and after the Distribution Effective Time, (i) the Company shall retain the Lithium Equity Plan, and all Liabilities thereunder shall constitute Lithium Assumed Employee Liabilities, and (ii) Parent shall retain the Parent Equity Plan, and all Liabilities thereunder shall constitute Parent Retained Employee Liabilities.

  • Any costs or expenses incurred with the foregoing shall constitute Lithium Assumed Employee Liabilities.

  • The Debtor’s collective bargaining agreements with any union, including those with the United Steelworkers of America, AFL-CIO-CIC, and Local 12934 of the United Steelworkers of America, AFL-CIO-CIC, and all employee benefit plans related to such collective bargaining agreements, and any and all obligations and liabilities thereunder or related thereto shall be deemed assumed by the Reorganized Debtor on the Effective Date.9.3 Assumed Employee and Retiree Benefit Plans.

  • The Buyer does not assume and shall not be liable for any liabilities or obligations of the Seller other than as set forth in Section 2.1. The Seller shall remain responsible for all liabilities and obligations related to the Transferred Antibody Collection Business arising prior to the Closing Date except for the Assumed Employee Liabilities.

  • Notwithstanding any of the foregoing to the contrary, none of the provisions contained herein shall operate to duplicate any benefit provided to any Assumed Employee or the funding of any such benefit.

  • This Section 6.6(h) shall not limit Purchaser’s obligations with respect to a Conveyed Subsidiary Plan or any other arrangement that provides for similar benefits as required by applicable Law, which shall be considered Purchaser Assumed Employee Liabilities, in accordance with Section 6.6(a)(i).

  • Purchaser shall indemnify Seller Parent and its Affiliates for any Liabilities incurred by Seller Parent and its Affiliates with respect to Purchaser or its Affiliates’ failure to comply with the obligations under this Section 6.6(l), which shall be considered Purchaser Assumed Employee Liabilities in accordance with Section 6.6(a)(i).


More Definitions of Assumed Employee

Assumed Employee means each individual identified as such by Buyer on a list to be provided by Buyer to Seller from time to time not more than 90 days following the Closing Date. It is intended that Assumed Employees shall be selected from Seconded Employees and Scheduled Employees prior to their actual termination date. If an Assumed Employee or Seconded Employee is terminated prior to hire by Buyer, Buyer shall reimburse Seller for all costs associated with such termination to the extent provided in Section 11.04(a) hereof. Company Employees, Transferred Employees, Scheduled Employees, Seconded Employees and Assumed Employees are hereinafter collectively referred to as "Seller Employees". Seller will not take and will cause each Company not to take any action which would impede, hinder, interfere or otherwise compete with Buyer's effort to interview or otherwise determine those Seller Employees that Buyer may identify as Transferred Employees, Seconded Employees or Assumed Employees; provided, however, that Buyer's efforts hereunder will not materially interfere with the operations of Seller's business or the business of the Companies prior to the Closing Date, and that any offers of employment to any of the Seller Employees shall be contingent upon the Closing and shall not become effective until the Closing Date.
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Assumed Employee means a Sellers’ Employee who becomes an employee of Buyer, as contemplated by Section 4.17(b);
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Assumed Employee means those Employees to whom WC shall offer employment in accordance with Section 6.2.1 of this Agreement;
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Related to Assumed Employee

  • 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.

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

  • Company Employee means an employee of the Company or any of its Subsidiaries.

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

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

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • 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.

  • 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.

  • 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).

  • New employee means a Full-Time Employee first employed by the Company in the Project and who is hired on or after the Effective Date of this Agreement.

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

  • Designated Employees means a person occupying any of the following position in the Company:

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Retained Employees has the meaning set forth in Section 8.1.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Excluded Employees has the meaning set forth in Section 2.5(a)(iv).

  • 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.

  • 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.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • SpinCo Employee has the meaning set forth in the Employee Matters Agreement.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • 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.

  • Separated employees means persons who separate from