Automatic Transferred Employee definition

Automatic Transferred Employee means those Verigy Transferred Employees where non-United States local employment laws, including but not limited to the Transfer Regulations, provide for an automatic transfer of employees upon the transfer of a business as a going concern and such transfer occurs by operation of law.
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Automatic Transferred Employee shall have the meaning set forth in Section 5.10(b)(ii).
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Automatic Transferred Employee means (i) a Business Employee who is automatically transferred to a Purchaser Group member or JV Subsidiary under Applicable Law or Contract, or (ii) a Business Employee who is employed by a JV Subsidiary. With respect to any Business Employee who is not an Automatic Transferred Employee (a “Non-Automatic Transferred Employee”), his or her employment shall transfer via termination/resignation and rehire or through jointly agreed-upon transfer, as applicable in the relevant jurisdiction, to the applicable Purchaser Group member, JV Holding Singapore or a JV Subsidiary. Purchaser shall (or shall cause the applicable Purchaser Group member, JV Holding Singapore or a JV Subsidiary to) make an offer of employment to each Non-Automatic Transferred Employee. In addition, Seller and Purchaser agree to negotiate in good faith whether Purchaser may extend an offer to the Automatic Transferred Employees listed on Schedule 6.6(b), in each case notwithstanding such Business Employee’s status as an Automatic Transferred Employee. Each Non-Automatic Transferred Employee shall be offered compensation and employee benefits that, in the aggregate, are substantially comparable to the compensation and employee benefits that such Business Employee currently receives, excluding the value of any equity grants or other equity related compensation, and in the United States, excluding the value of any defined benefit plan benefits, retiree health and welfare benefits, and nonqualified deferred compensation benefits; provided that, in the aggregate, the compensation offered to Business Employees in the United States shall not be less than the aggregate compensation of similarly situated employees of Purchaser or its Affiliates in the United States. An offer extended to an Automatic Transferred Employee shall be at least as favorable as his or her compensation levels and terms and conditions of employment, in the aggregate, immediately prior to the JV Closing Date (excluding the value of any equity grants or other equity related compensation). Any Business Employee that accepts such offer of employment and commences employment with Purchaser or its Affiliates (including JV Holding Singapore and the JV Subsidiaries) or is an Automatic Transferred Employee is referred to herein as a “Transferred Employee.”
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Examples of Automatic Transferred Employee in a sentence

  • AGCO shall, in its sole discretion, be entitled to request the Company to (i) accept the transfer of such Non-Business Employee, in which case the Non-Business Employee shall be treated as an Automatic Transferred Employee, or (ii) if the Non-Business Employee successfully asserts a right to transfer, terminate the employment of the Non-Business Employee as of the earliest possible date.

  • Each such Employee who accepts such offer of employment, including offers described in Section 8.5, from Buyer or a Buyer Corporation, collectively with each Automatic Transferred Employee, is referred to herein as a “Transferred Employee”.

  • Each such Offer Employee who accepts such offer of employment from the Purchaser, collectively with each Automatic Transferred Employee, is referred to herein as a “Transferred Employee”.

  • Each Business Employee (other than Business Employees who are on long-term disability or other long term leave of absence) who is not an Automatic Transferred Employee is referred to herein as an “Offer Employee”.

  • To the extent any Business Employee employed by EPCOS Germany is not an Automatic Transferred Employee, German Newco will make an offer of employment to such Business Employee in accordance with Section 6.6.

  • Each Employee who is not an Automatic Transferred Employee is referred to herein as an “Offer Employee”.

  • Each Business Employee (other than Business Employees who are on long-term disability) who is not an Automatic Transferred Employee is referred to herein as an “Offer Employee”.

  • Each such Offer Employee who accepts such offer of employment from Buyer or a Buyer Corporation, including any Offer Inactive Employee (as defined below) who accepts an offer of employment from Buyer or a Buyer Corporation described in Section 8.5, collectively with each Automatic Transferred Employee, is referred to herein as a “Transferred Employee”.

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  • So long as Purchaser complies with this Section 6.6(a)(i), if an Automatic Transferred Employee objects to the transfer of employment to Purchaser or its Subsidiaries, any and all Liabilities arising in connection with such termination, notice, severance and similar payments shall constitute an Excluded Liability for the purpose of Section 9.1(a)(iv).

Related to Automatic Transferred Employee

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

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • 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.

  • Continuing Employee has the meaning set forth in Section 6.7(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.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

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

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

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

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • Non-Key Employee means any Employee who is not a Key Employee.

  • U.S. Employee means a person who is an employee of the Company (or of any Subsidiary) for purposes of section 422 of the Code.

  • Protected Employee means any employee of the Company or an Affiliate who was employed by Company or an Affiliate at any time within six (6) months prior to the termination of Grantee’s employment for any reason or any earlier date of an alleged breach by Grantee of the restrictions in Section 17 hereof.

  • New employee means a Full-Time Employee first employed by the Company in the Project and who is hired on or after the Effective Date of this Agreement.

  • 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.

  • Transferring Employee means an employee at the airport who timely transfers to the regional authority by the transfer date.

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • Active Employment means you must be actively at work for the Sponsor:

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

  • SpinCo Employee has the meaning set forth in the Employee Matters Agreement.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.