Assumed Employees definition

Assumed Employees shall have the meaning set forth in Section 4.14(a).

Assumed Employees has the meaning set forth in section 9.1(b).

Assumed Employees means those employees engaged in the Business as at Completion and set out in the list in the Agreed Form headed "Assumed Employees" at schedule 3 to this agreement;

Examples of Assumed Employees in a sentence

• The Franchisee shall throughout the Franchise Term provide and fund pension benefits and benefits on death in service or leaving service due to incapacity to those Assumed Employees who are not Existing Members which are at least equal in value to those provided under the arrangements operated by the Predecessor Franchisee for the benefit of those employees immediately prior to the Franchise Commencement Date.

• The Franchisee will fund and offer any persons employed by the Franchisee for the purposes of the Franchise during the Franchise Term who are not Assumed Employees, pension benefits and benefits on death in service or leaving service due to incapacity which shall be no more favourable than the pension benefits under the DLR Pension Scheme.

• The City will offer employment to the Assumed Employees effective as of the City Employment Date by providing each Assumed Employee with a letter of offer in a form provided by the City.

• The Commission will terminate the employment of the Assumed Employees effective as of the City Employment Date by providing each Assumed Employee with an individual written notice of termination in a form mutually agreed by the City and the Commission.

• For purposes of this section, "Termination Benefit" shall mean, with respect to an Australia Assumed Employee, the benefit due to such employee under the governing rules of Seller's Superannuation Fund on the termination of such Australia Assumed Employee's employment with Seller or applicable Selling Subsidiary.

More Definitions of Assumed Employees

Assumed Employees means the Assumed European Employees, the Assumed Non-EU Employees and the Company Employees;

Assumed Employees means the employees of the Business;

Assumed Employees is defined in Section 7.3.

Assumed Employees is defined in Section 5.4(b).

Assumed Employees has the meaning set forth in Section 6.2(c).

Assumed Employees means those individuals who were employed prior to Completion by the Employer or in the case of Xxxxxx Xxxxxxx by St Xxxx Re Inc. and who are listed in Schedule 2 Part 1 (underwriting staff assigned to the Business) and in Schedule 2 Part 2 (persons otherwise carrying out work in the Retained Business);

Assumed Employees shall have the meaning set forth in Section 4.14(a). “Average Adjusted Closing Price” means a dollar amount equal to (i) if the Average Trading Price is greater than $26.0165 and less than $30.2354, then the Average Trading Price; (ii) if the Average Trading Price is greater than or equal to $30.2354, then $30.2354; or (iii) if the Average Trading Price is equal to or less than $26.0165, then $26.0165.