Automatic Transfer Employee definition

Automatic Transfer Employee means an employee who immediately prior to the Closing is a Business Employee and to whom the Transfer Regulations apply in connection with the transactions contemplated by this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Automatic Transfer Employee means a Business Employee (other than an Isolated Employee) whose employment transfers or will transfer from ▇▇▇▇▇▇▇▇-▇▇▇▇▇ to Halyard as a result of the implementation of the Distribution Agreement and/or by operation of any Automatic Transfer Law.

Automatic Transfer Employee means those Employees who become employed by Buyers or one of their Subsidiaries as of the Closing as a result of local employment Laws, including the Transfer Regulations, and not as a result of accepting an offer of employment made by Buyers, that provide for an automatic transfer by operation of Law of the employment of any such Employee upon the transfer of the AirCard Business as a going concern pursuant to the Transactions.

Examples of Automatic Transfer Employee in a sentence

If an Automatic Transfer Employee objects to the transfer of employment to a member of the Ralliant Group as permitted under applicable law and consequently does not become an employee of the Ralliant Group and is terminated by Fortive as a result, then R▇▇▇▇▇▇▇ shall reimburse Fortive in accordance with Section 2.3(c) for any severance or termination costs incurred by Fortive in connection with such termination of employment.
If an Automatic Transfer Employee objects to the transfer of employment to a member of the Ralliant Group as permitted under applicable law and consequently does not become an employee of the Ralliant Group and is terminated by Fortive as a result, then ▇▇▇▇▇▇▇▇ shall reimburse Fortive in accordance with Section 2.3(c) for any severance or termination costs incurred by Fortive in connection with such termination of employment.
If an Automatic Transfer Employee objects to the transfer of employment to a member of the SpinCo Group as permitted under applicable law and, if this consequence is foreseen in the respective applicable law, consequently does not become an employee of the SpinCo Group and is terminated by Holcim as a result, then SpinCo shall reimburse Holcim in accordance with Section 2.3(c) for any severance or termination costs incurred by Holcim in connection with such termination of employment.

More Definitions of Automatic Transfer Employee

Automatic Transfer Employee means any employees of the Business who will transfer by operation of the EU Council Directive 2001/23/EC or any regulation, law or code enacted by any EU Member State to implement such directive or which otherwise creates legal obligations on the parties in relation to the transfer of undertakings or any similar Law in any other jurisdiction (a “Transfer Law”).

Automatic Transfer Employee means an Employee, other than a Transferred FH Company Employee, to whom the Transfer Regulations apply.

Automatic Transfer Employee means any Newco Employee, where local employment Laws, including but not limited to the Transfer Regulations, provide for an automatic transfer of such employee to Newco by operation of Law upon the transfer of a business as a going concern and such business transfer occurs as a result of the transactions contemplated by the Distribution Agreement.

Automatic Transfer Employee means each Business Employee whose employment or contract of employment transfers or is assigned by operation of Law, or would but for the termination of such contract or employment be so transferred or assigned, to Buyer or one of its Affiliates (including as a result of the Acquired Rights or as a result of the Restructuring).

Automatic Transfer Employee shall have the meaning given to such term in Section 9.01(a).

Automatic Transfer Employee means each individual who, as of the Closing Date, is employed (as defined under any applicable Canadian Labor Laws), or has an outstanding offer of employment to be employed in Canada, by the Sellers whose employment would transfer automatically by operation of law on the Closing Date to the Buyers (or one of their Affiliates as the case may be) under any applicable Canadian Labor Laws.

Automatic Transfer Employee means those Designated Employees who are wholly or mainly assigned to the Business and who will become employed by Buyer as of the Closing pursuant to the Transactions as a result of local employment Laws, including the Transfer Regulations, that provide for an automatic transfer by operation of Law of the employment of any such Designated Employee upon the transfer of the Business as a going concern.