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 Purchaser will pay the Assumed Employees at wage rates competitive in the dialysis industry within the region in which the Company operates and will provide benefits under standard Purchaser benefit plans which shall be comparable to those provided to the other Purchaser employees (including healthcare benefits which do not contain any exclusions or waiting periods for pre-existing conditions with respect to Assumed Employees' initial enrollment).

• Except as otherwise provided in any Assumed Contract, Buyer may offer employment to the Assumed Employees on any terms and conditions that are determined by Buyer in its sole discretion, including with respect to the provision of retirement and health care benefits.

• The Purchaser will offer employment to those current employees of the Company (as of the Closing Date) working in the Business whose names and positions are set forth on Schedule 6.2(e) (the "Assumed Employees").

• The Purchaser disclaims any commitment to employ such Assumed Employees for any specific period.

• The Company shall cause interests of Assumed Employees of the Company in its 401(k) plan to become distributable pursuant to Internal Revenue Code Section 401(k)(10)(A) and any amounts distributed to such employees may be rolled over pursuant to Internal Revenue Code Section 402 to a comparable plan maintained by the Purchaser.

More Definitions of Assumed Employees

Assumed Employees is defined in Section 7.3.

Assumed Employees means the employees of the Business;

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

Assumed Employees is defined in Section 5.4(b).

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 working in the Retained Business);

Assumed Employees has the meaning set forth in Section 6.1.

Assumed Employees means the Assumed UK Employees and the Assumed Irish Employees (and "RELEVANT ASSUMED EMPLOYEES" means the Assumed UK Employees or the Assumed Irish Employees, as the context may require);