Assumed Employee Liabilities definition

Assumed Employee Liabilities shall have the meaning set forth in Section 1.3(c).

Assumed Employee Liabilities shall have the meaning ascribed to it in Section 2.2(a).

Assumed Employee Liabilities means (i) all Liabilities to the extent arising out of or relating to any Seller Benefit Plan or any Employee that are expressly required to be assumed or performed by Purchaser pursuant to Section 5.14(e) (regarding assumed Collective Bargaining Agreements), Section 5.14(h) (regarding vacation), Section 5.14(i) (regarding bonuses) and Section 5.15(b) (regarding severance) or (ii) that transfer automatically to Purchaser under Applicable Law (including where assumption is required in order to effect an automatic transfer of employment under Applicable Law), in each case, whether arising before, on or after the Closing Date.

Examples of Assumed Employee Liabilities in a sentence

• 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.

• Subject ‎Section 6.03, effective as of the Separation Effective Time, all Liabilities relating to, arising out of, or resulting from health and welfare coverage or claims incurred prior to, on or after the Separation Effective Time by each Lithium Participant under the Parent H&W Plans shall cease to be Liabilities of the Parent Group and shall be assumed by the Lithium Group and deemed to be Lithium Assumed Employee Liabilities.

• 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.

• Purchaser will pay, be responsible for and will discharge all Assumed Employee Liabilities which become payable at any time subsequent to the close of business on the Closing Date.

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

More Definitions of Assumed Employee Liabilities

Assumed Employee Liabilities. 2.2(a)(iv) “Backlog” 3.4(a)

Assumed Employee Liabilities means any and all of the following: (i) Liabilities assumed by the Purchaser pursuant to accepted offers of employment made pursuant to Article XII or pursuant to the Key Employment Agreements; and (ii) Liabilities of Seller with respect to the Employees and New Employees reflected on the Final Closing Balance Sheet settled pursuant to Section 5.3 of the Joint Issues and Reverse Earn Out Payment Agreement, but only to the extent of the monetary amount of such Liabilities so reflected and included in the determination of the Net Working Capital. “Assumed Liabilities” - As defined in Section 1.4(a). “Auditor’s Allocation Determination” – As defined in Section 1.7(b). “Xxxx of Sale and Assignment Agreement” - As defined in Section 3.2(a). “Business” has the meaning set forth in the recitals. “Business Day” means any day other than a Saturday or Sunday or other day on which banks in Toronto, Ontario or Chicago, Illinois are authorized or required to be closed.

Assumed Employee Liabilities means any unpaid amounts payable by and any undischarged obligations and liabilities of the Sellers related to the Transferred Employees and transferring to the Purchaser by operation of law in accordance with Chapter 1, Section 10 of the Finnish Act on Employment Contracts (26.1.2001/55, as amended).

Assumed Employee Liabilities means the following Liabilities which will be assumed by the Purchaser pursuant to this Agreement:

Assumed Employee Liabilities means the obligations of Purchasers created by applicable law to provide any benefit to any Transferred Employees.

Assumed Employee Liabilities shall have the meaning set forth in Section 1.2(a)(vii) of this Agreement.

Assumed Employee Liabilities means the obligations of Sellers with respect to the Txxx Facility Employees, but only to the extent Buyer has agreed to assume or be responsible for such obligations as provided in SECTION 4.3 of the Agreement.