Closing Business Employees definition

Closing Business Employees means the employees of the Seller Entities (other than the RTP Fab Business Employees) who are primarily providing services related to the Business who are set forth on Schedule 1.1(a), which Schedule 1.1(a) shall be updated by the Seller and delivered to the Buyer not later than five (5) Business Days prior to the Closing Date solely to reflect any employees who, consistent with the Seller’s obligations under Section 5.3, are either hired (and are primarily providing services related to the Business) or cease to be employed by the applicable Seller Entity prior to the Closing Date.
Sample 1Sample 2Sample 3
Closing Business Employees means Business Employees who remain employed by EMEHC as of the date immediately prior to the Closing Date.
Sample 1

Examples of Closing Business Employees in a sentence

  • Purchaser shall assume and be solely responsible for and agrees to indemnify, hold harmless and, at the option of Seller, to defend Seller or any of its Affiliates from and against any liability under the WARN Act on or after the Closing Date with respect to the Closing Business Employees.

  • Except as set forth in SCHEDULE 5.13, ABB has made available to Purchaser an accurate and complete list, as of the date hereof, of all anticipated Closing Business Employees which is identified as such list.

  • To the extent that Purchaser, in its sole discretion, decides to pay bonuses to any First Closing Business Employees as an incentive for them to accept Purchaser’s offer of employment, then the Purchase Price shall be decreased by an amount equal to twenty-five percent (25%) of the amount of each such bonus, plus twenty-five percent (25%) of the payroll tax withholdings associated with each such bonus, up to a maximum aggregate amount not to exceed Fifty Thousand Dollars ($50,000).

  • Assignee will select an Operator which shall not cause Transferred Employees to incur “employment losses” in sufficient numbers, taking into account the number of Closing Business Employees to whom Assignee or Operator did not make Qualifying Offers, to cause either a “plant closing” or “mass layoff” as such terms are defined in the WARN Acts on or within ninety (90) days following the Closing Date.

  • Schedule 3.21(b) sets forth a list of all employees of any member of the Navistar Group who devote fifty percent (50%) or more of their time to the Defense Business and who are not as of the date hereof, or will not become prior to Closing, Business Employees.

Related to Closing Business Employees

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

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

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

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Hired Employees has the meaning set forth in Section 6.1(a).

  • Excluded Employees shall have the meaning set forth in Section 5.1.2.

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

  • Transferred Entities means the entities set forth on Schedule 1.9.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each “employee benefit plan,” within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

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

  • Former Employees means a former member of management of Icahn Enterprises (or any of its Subsidiaries (including any Guarantors)), other than the Principal, who voluntarily or upon any other termination is no longer employed by any of Icahn Enterprises or any of its Subsidiaries (including any Guarantors) and who holds Equity Interests that are required to be redeemed or purchased pursuant to any contractual requirements upon such termination of employment.

  • Company Employee means any current or former employee, independent contractor or director of the Company or any Company Affiliate.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Protected Employees means employees of the Company or its affiliated companies who were employed by the Company or its affiliated companies at any time within six (6) months prior to the Determination Date.

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • 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.

  • Designated Employees means a person occupying any of the following position in the Company:

  • Part-Time Employees means employees employed on a permanent basis, but obligated to work less than a full (i.e., forty-hour) work week.