Business Employee definition

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

Business Employee has the meaning set forth in Section 5.11(a).

Business Employee means each current or former employee, director or independent contractor who is employed by, provides services to or is associated with Sellers or any Company or any of their respective Affiliates in connection with the Business and whose services are primarily related to the Business.

Examples of Business Employee in a sentence

• If the Closing occurs in 2024, each Transferred Business Employee who is eligible for a 2024 annual bonus under a Seller Benefit Plan shall receive an annual bonus payment equal to the amount of such annual bonus that accrued prior to the Closing Date, payable by Purchaser or one of its Affiliates within thirty (30) days of the Closing Date.

• Solely to the extent required by applicable Law, Seller shall pay each Transferred Business Employee all accrued but unused vacation, sick leave, personal time and paid time off for periods prior to the Closing Date as soon as administratively practicable following the Closing Date or as required by applicable Law.

• Each Transferred Business Employee who is eligible for a quarterly cash bonus or commission under a Seller Benefit Plan shall receive a payment equal to the amount of any accrued but unpaid cash bonus or commissions, as applicable, payable by Purchaser or one of its Affiliates within thirty (30) days of the Closing Date.

More Definitions of Business Employee

Business Employee means an employee of Seller who is employed as of the Effective Time and whose work responsibilities relate principally to the Business, as set forth on Schedule 7.9(a).

Business Employee means any employee of the Company.

Business Employee means any employee of Seller or any of its Subsidiaries or Affiliates who is employed primarily in connection with the Business, (i) including, for the avoidance of doubt, the individuals named in Section 1.01(a)(i) of the Disclosure Schedule, but (ii) excluding the individuals named in Section 1.01(a)(ii) of the Disclosure Schedule, and such employees of the Retained Businesses as Seller and Buyer may agree to treat as Business Employees prior to the Closing.

Business Employee means each employee of Seller or one of its Subsidiaries primarily dedicated to the Business (including any individual who is on short term disability, long-term disability, military leave or an approved leave of absence), each as set forth on the Service Provider List and identified as a Business Employee on such list (as such list may be updated in accordance with Section 5.6(c)); provided that Business Employees shall not include any Excluded Employees.

Business Employee has the meaning set forth in Section 2.15(a).

Business Employee means each individual who is (i) employed by the Business Entities (other than an Acquired Company Employee) and (ii) an Acquired Company Employee.

Business Employee means each Current Business Employee and each Former Business Employee.