Closing Employees definition

Closing Employees means an employee of the Company or any of its Subsidiaries who shall have: (a) remained employed by the Company or a Subsidiary of the Company through and including the Closing Date; and (b) either (i) if resident within the United States, entered into, and not revoked, “at-will” employment arrangements with Parent pursuant to their execution of an Offer Letter, as well as intellectual property, confidentiality, non-solicitation and non-
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Closing Employees means the Transfer Employees, the Offer Employees and the Group Company Employees, and “Closing Employee” means any one of them;
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Closing Employees means an employee of the Company or any of its Subsidiaries who shall have: (a) remained employed by the Company or a Subsidiary of the Company through and including the Closing Date; and (b) either (i) if resident within the United States, entered into, and not revoked, “at-will” employment arrangements with Parent pursuant to their execution of an Offer Letter, as well as intellectual property, confidentiality, non-solicitation and non-competition agreement in a form acceptable to Parent prior to Closing Date and agreed to be employees of Parent, a Subsidiary of Parent or the Surviving Corporation after the Closing Date, or (ii) if resident outside of the United States, agreed to be employees of Parent, a Subsidiary of Parent or the Surviving Corporation after the Closing Date.
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Examples of Closing Employees in a sentence

  • With respect to Welfare Benefits provided through insurance programs, for purposes of the preceding sentence, Transferor's actual cost for providing such Welfare Benefits shall mean the sum of employer and employee premium contributions which are made on behalf of Post- Closing Employees to the plans providing such Welfare Benefits, which shall not exceed the rate of such contributions made on behalf of comparable employees of Transferor.

  • Employee shall be entitled to participate in the insurance, vacation, sick leave and other fringe benefits made available generally to employees of Employer, as such benefits may be determined from time to time by Employer's Board of Directors; provided, however that during the first year after Closing Employee's benefits will be governed by Employer's standard policy subject to any required adjustments to benefits as set forth in the integration plan approved by both parties.

  • Such offers of employment shall be made on the same terms and conditions as exist for similarly-situated employees of Buyer, except that the base pay shall be no less than that which exists for those Closing Employees with Seller as of the Effective Time and reported by Seller to Buyer no later than the Closing Date.

  • Seller and Buyer shall coordinate the transition of the employment of those Closing Employees who are on vacation as of the Effective Time.

  • Buyer shall offer employment to all of the current employees of the Business, as Parties shall agree on employee list prior to Closing ("Employees") and Buyer will assume all liability for such Employees including any termination liability that would otherwise be Seller's liability due to the fact such Employee did not accept employment with Buyer or otherwise, including, but not limited to, any fees or charges related to any Employee's immigration status.

  • Buyer shall offer to employ, effective as of the Closing Date, those persons who were the employees of the Seller immediately prior to the Closing ("Employees") and shall continue to employ such Employees (to the extent that they accept such offer of employment) for so long as Buyer deems appropriate in the operation of the Hospital's business.

  • Within thirty (30) days after the Closing Date, Seller will provide to Buyer a list of the annual vacation entitlement for the Post- Closing Employees.

  • The Closing Employees and Retained Employees shall have not less than four (4) Business Days to accept or reject such offers in writing.

  • Buyer shall have no obligation to employ the Acquired Closing Employees for any specific period of time following the Closing Date, subject to any requirements under contract or Law.

  • Such offers of employment shall be scheduled to become effective as of the first full day commencing after the Effective Time for Closing Employees other than Closing Employees then on disability or sick leave identified on Schedule 5.12(a), whose offers of employment shall be effective upon such ---------------- Closing Employees' return to active employment.


More Definitions of Closing Employees

Closing Employees means those employees whose employment is terminated in connection with the Effective Date (e.g., on the Effective Date or immediately following such date). 2. “Designated MT Members” means those members of the Jounce management team whose employment is terminated by Jounce without cause following the date hereof and prior to the Effective Date. 3. “Designated Terminated Employees” means those employees whose employment is terminated by Jounce without cause prior to the Effective Date, provided that Designated Terminated Employees shall not include Designated MT Members. 3. Employment 3.1 Ordinary course matters (a) Jounce acknowledges and agrees that at any time before the Effective Date, Redx will carry out annual (or other periodic) pay reviews, appraisals and promotion rounds of Redx Group employees in the ordinary course of business and in a manner consistent with historic practice. 3.2 Continuation of terms and conditions (a) Upon and following the Effective Date, Xxxxxx confirms that it intends to safeguard fully the existing statutory and contractual employment and pension rights of the Redx Group employees and management, in accordance with applicable law and there is no intention to make any material change in the conditions of employment, including pension rights following the Transaction becoming effective. Appendix I CVR AGREEMENT Signed by Xxxxxxx Xxxxxx for and on behalf of Jounce THERAPEUTICS, INC. /s/ Xxxxxxx Xxxxxx Director Signed by Xxxx Xxxxx for and on behalf of REDX PHARMA PLC CEO, Redx Pharma PLC /s/ Xxxx Xxxxx Director Appendix 1 The Announcement Appendix 2 The CVR Agreement
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Closing Employees means an employee of the Company or any of its Subsidiaries who shall have: (a) remained employed by the Company or a Subsidiary of the Company through and including the Closing Date; and (b) either (i) if resident within the United States, entered into, and not revoked, “at- will” employment arrangements with Parent pursuant to their execution of an Offer Letter, as well as intellectual property, confidentiality, non-solicitation and non-competition agreement in a form acceptable to Parent prior to Closing Date and agreed to be employees of Parent, a Subsidiary of Parent or the Surviving Corporation after the Closing Date, or (ii) if resident outside of the United States, agreed to be employees of Parent, a Subsidiary of Parent or the Surviving Corporation after the Closing Date.
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Related to Closing Employees

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

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

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

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

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

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

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

  • Returning Employees means those persons listed in a schedule to be agreed by the Parties prior to the end of the Contract Period who it is agreed were employed by the Contractor (and/or any Sub-Contractor) wholly or mainly in the supply of the Services immediately before the end of the Contract Period.

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

  • 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.

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

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

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

  • 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.

  • 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.

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

  • 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.

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

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

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

  • Seller 401(k) Plan has the meaning set forth in Section 5.5(e).

  • Managing Employee means a general manager, business manager, administrator, director, or other individual who exercises operational or managerial control over, or who directly or indirectly conducts the day-to-day operation of an institution, organization, or agency.

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

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

  • 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.

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