BG Employee definition

BG Employee means any Employee transferring to Purchaser as of the Closing that Purchaser will dismiss or give notice to dismiss by reason of redundancy within the sixty (60) days following the Closing Date; provided, however, that the aggregate number of BG Employees shall not exceed the number of Employees employed by Seller immediately prior to the Closing Date minus 14.
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Examples of BG Employee in a sentence

  • Any interest or rights of Employee under the Agreement shall be those of a general unsecured creditor of BG, and with respect to the creditors of BG, Employee shall not have any preferred claims on, or any beneficial ownership in, the assets of BG, including any assets in which BG may invest to aid in meeting its obligations under the Agreement.

  • Any interest or rights of Employee under the Bonus Agreement shall be those of a general unsecured creditor of BG, and with respect to the creditors of BG, Employee shall not have any preferred claims on, or any beneficial ownership in, the assets of BG, including any assets in which BG may invest to aid in meeting its obligations under the Bonus Agreement.

  • Neither Seller nor Matrix shall have any liability under this Section 6.6 with respect to any Employee that is not a BG Employee, or for Established Liabilities and related losses and damages for a number of Employees that, in the aggregate, exceeds the number of BG Employees.

  • Purchaser further warrants that Purchaser shall not seek credit against the Employee Amount for any amount paid to a BG Employee in excess of the amount required by law or by contract, whether actual or implied by law, to be paid to the BG Employee or, with respect to National Insurance, on the BG Employee’s behalf.

  • Purchaser agrees that in the event that any BG Employee brings any claims that he/she has been automatically unfairly dismissed under Regulation 8(1) TUPE as a result of any transaction contemplated in connection with this Agreement, the Purchaser shall use its commercially reasonable efforts to defend such claim on the grounds that such dismissal was carried out for a fair ETO reason entailing a change in the workforce.