Assumed Employee Obligations definition

Assumed Employee Obligations means all of Seller’s obligations set forth on Schedule 5.05.
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Assumed Employee Obligations means the obligations assumed by the Purchaser pursuant to Section 9.4;
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Assumed Employee Obligations has the meaning set forth in Section 7.
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Examples of Assumed Employee Obligations 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.

  • Available at URL: https://amr- review.org/sites/default/files/AMR%20Review%20Paper%20-%20Tackling%20a%20crisis%20for%20the%20health%20and%20wealth%20of%20nations_1.pdf.2. Mukokinya M, Opanga S, Oluka M, Godman B.

  • Other than in respect of the BHP Billiton Canada DB Plan and the Assumed Employee Obligations, the BCDC Financial Statements have been prepared on a basis consistent with prior periods, are correct and complete in all material respects and present fairly the assets and liabilities (whether accrued, absolute, contingent or otherwise) and financial condition of BCDC as at their respective dates and the results of operations of BCDC for the periods covered by the respective BCDC Financial Statements.

  • BCDC has no liabilities, liquidated or contingent or otherwise, that are not fully reflected on the BCDC Financial Statements, other than (i) liabilities incurred after the Effective Date in the ordinary course of business consistent with past practice of the same type as liabilities reflected in the BCDC Financial Statements or in connection with the Reorganization or the Buffer Zone Transaction, (ii) liabilities in respect of the BHP Billiton Canada DB Plan and (iii) Assumed Employee Obligations.

  • Buyer agrees to assume, pay, perform and discharge (i) the Acquired Contracts and the Real Property Leases and Personal Property Leases (other than, in each case, any Liability with respect to any matters occurring prior to the Effective Time) listed in Schedules 2(a)(v), 2(a)(vi)(A) and 2(a)(vi)(B), respectively, (ii) the Assumed Employee Obligations and (iii) the Liabilities set forth in Schedule 2(c) (collectively, the "ASSUMED LIABILITIES").

  • BBDNV has no liabilities, liquidated or contingent or otherwise, that are not fully reflected on the BBDNV Effective Date Statements, other than (i) liabilities incurred after the Effective Date in the ordinary course of business of the same type as liabilities reflected in the BBDNV Effective Date Statements and (ii) Assumed Employee Obligations.

  • AI shall bear and discharge any ------------------------------- and all liability to any present or former employee of AI arising from his or her employment by AI (i) accrued on or prior to the Closing Date, except for the Assumed Employee Obligations, or (ii) arising as a consequence of the Closing.


More Definitions of Assumed Employee Obligations

Assumed Employee Obligations has the meaning set forth in Section 2.4(a)(iii).
Sample 1
Assumed Employee Obligations means any and all obligations and liabilities of any kind, character or nature whatsoever relating to the EKATI Former Employees and the employment of the Assumed Employees prior to, on or after the Closing Date, provided that the BHP Billiton Canada Employee Plans (other than the BHP Billiton Canada DB Plan) themselves, and the Contracts creating or establishing them, shall not be considered to be Assumed Employee Obligations;
Sample 1
Assumed Employee Obligations means the Assumed FSA Obligations, the Assumed Employment Agreements, the Assumed Collective Bargaining Agreements, the Assumed Transferred Employee Service, the Transferred Bonus, the Transferred PTO and the Liabilities arising under or relating to the Substituted Multiemployer Plan relating to the Transferred Employees to the extent set forth in Section 8.3(h) hereof or arising from and after Closing.
Sample 1

Related to Assumed Employee Obligations

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

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Employment Liabilities means all claims, demands, actions, proceedings, damages, compensation, tribunal awards, fines, costs (including but not limited to reasonable legal costs), expenses and all other liabilities whatsoever;

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

  • 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.

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

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

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

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

  • 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.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

  • Excluded Liabilities has the meaning set forth in Section 2.4.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • SpinCo Liabilities shall have the meaning set forth in Section 2.3(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.

  • Retained Employees has the meaning set forth in Section 6.1.1.

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

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

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

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.