Closing Date Employees definition

Closing Date Employees shall have the meaning set forth in Section 5.8(a).

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Closing Date Employees has the meaning specified in Section 7.01(a).

Closing Date Employees has the meaning set forth in Section 10.1(a)(ii).

Examples of Closing Date Employees in a sentence

Closing Date Employees who accept offers of employment from Buyer shall become employees of Buyer as of the Closing Date.
Such Seller shall permit Buyer to make offers of employment to the Closing Date Employees, effective as of the Closing Date, and, except as otherwise provided in this Section 5.8(a), to make offers of employment to the Toledo Employees, effective as of the Conversion Date.
As soon as practicable following the Closing Date, Buyer shall establish or designate a defined benefit plan for the benefit of the Closing Date Employees who become employed by Buyer as of the Closing Date or thereafter, and Buyer shall take all necessary action, if any, to qualify such plan under the applicable provisions of the Code, and to make any and all filings and submissions to the appropriate Governmental Entities required to be made by it in connection with such establishment or designation.
At the Closing Date, General ▇▇▇▇▇ will provide Buyer with a schedule of Accrued Paid Time Off for Closing Date Employees who become employed by Buyer as of such date and will provide for a credit against the Purchase Price payable by Buyer equal to the dollar value of such Accrued Paid Time Off.
Such Seller agrees that effective as of the Conversion Date, all Toledo Employees who become employed by Buyer as of such date shall be fully vested in their account balances in the General ▇▇▇▇▇ VIP 401(k) Plan, and effective as of the Closing Date, all Closing Date Employees who become employed by Buyer as of such date shall be fully vested in their account balances in the defined contribution plan(s) listed on SCHEDULE 5.8(e).
In making this warranty, MHP is relying upon the agreement of Purchaser to offer employment to (and, if an offer is accepted, to hire effective as of 12:01A.M. on the Closing Date), Employees, as provided for in Section 5.1 of this Agreement.
Such Seller agrees that effective as of the Conversion Date, all Toledo Employees who become employed by Buyer as of such date shall be fully vested in their accrued benefits in the defined benefit plan(s) listed on SCHEDULE 5.8(f), and effective as of the Closing Date, all Closing Date Employees who become employed by Buyer as of such date shall be fully vested in their accrued benefits in the defined benefit plan(s) listed on SCHEDULE 5.8(f).
Buyer shall use any credit against the Purchase Price provided to Buyer in respect of Accrued Paid Time Off for Closing Date Employees pursuant to Section 5.8(c) to cover expenses relating to Accrued Paid Time Off for Closing Date Employees who become employed by Buyer as of the Closing Date.
During the period from September 1, 1995 until the Closing Date, Employee's base salary (as defined in the Agreement) shall continue to be paid at the base salary rate paid during the 1995 fiscal year.
By the Closing Date, all Closing Date Employees will be fully vested by Seller in its current 401(k) plan.

More Definitions of Closing Date Employees

Closing Date Employees means (i) employees of Pillsbury or its Subsidiaries who primarily provide services to the Business at the Minneapolis headquarters and are listed on SCHEDULE 5.8(a)(ii), and, (ii) field sales employees of Sellers or their Subsidiaries who are listed on SCHEDULE 5.8(a)(ii), in each case to the extent the employment of such employees is not terminated prior to the Closing Date. To the extent any new employees are hired for the Business at the Minneapolis headquarters between the date hereof and the Closing Date, Sellers shall make additions to SCHEDULE 5.8(a)(ii) to reflect such employees.

Closing Date Employees shall have the meaning set forth in Section 6.9(a). Closing Date Payment. “Closing Date Payment” means an amount equal to the sum of (a) the Purchase Price, plus (b) the Preliminary Net Working Capital, minus (c) the Baseline Net Working Capital. Code. “Code” means the Internal Revenue Code of 1986, as amended.

Closing Date Employees means employees of NICC or its subsidiaries who primarily provide services related to the Distribution Assets and are listed on Schedule 1.1(a), subject to Section 5.9(a), to the extent the employment of such employees is not terminated prior to the Closing Date either (x) voluntarily by such employees, or (y) by NICC for performance reasons or for cause in the ordinary course of business consistent with past practice; to the extent that any new employees are hired by NICC between the date hereof and the Closing Date and are to be made available to Buyer for employment pursuant to this Agreement, NICC shall make additions to Schedule 1.1(a) to reflect such employees.

Closing Date Employees means (x) all active employees of the Company and its Subsidiaries as of the Closing Date (immediately prior to the consummation of the Contemplated Transactions) and (y) upon their return to active employment, any employees of the Company or any of its Subsidiaries who are, as of the Closing Date (immediately prior to the consummation of the Contemplated Transactions), on disability, medical leave or other authorized leave that are set forth on Schedule 12.1.1(e).

Closing Date Employees means all employees of the Acquired Asset Entities who are in good standing on the Closing Date, except those employees listed on Exhibit M-1 hereto (the “Remaining Employees”).