Continuing Business Employees definition

Continuing Business Employees means (a) those 3DS-employed Business Employees who remain employed on the Closing Date by Seller or one of its Affiliates that is not the Target Company or a Target Subsidiary and who accept Purchaser’s, or its Affiliate’s, offer of employment in accordance with Section 7.4(a) and (b) all other Business Employees who remain in the Target Company’s or a Target Subsidiary’s employment on the Closing Date and whose employment continues with such Target Company or Target Subsidiary on and immediately following the Closing Date.
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Continuing Business Employees has the meaning set forth in Section 6.10(a).
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Continuing Business Employees means any Business Employee who either becomes an employee of the Buyers (or an Affiliate thereof) as a result of accepting an offer of “at-will” employment from the Buyers (or an Affiliate thereof) pursuant to the terms of an Offer Letter, or otherwise agrees in writing to remain an employee of an Acquired Subsidiary post Closing.
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Examples of Continuing Business Employees in a sentence

  • For purposes of the preceding sentence and Purchaser's or an Affiliate's paid time off or vacation program, Purchaser shall take into account a Continuing Business Employee's service with Purchaser and its Affiliates from and after the Closing Date, plus all service before the Closing Date for which such Continuing Business Employee was credited under the corresponding Sellers Benefit Plan.

  • Citigroup shall give effect under the Citigroup DCAP to elections made by the PC/CM Continuing Business Employees with respect to the Xxxx Xxxxx DCAP in respect of the calendar year in which the Closing Date occurs.

  • A full-time, appointed professional member of the university community that provides continual education, advising, and direction to the student organization.

  • Xxxx Xxxxx agrees to consult in a reasonable and timely manner with Citigroup in respect of the amount of any prior bonuses and annual bonuses payable to U.S. PC/CM Business Employees who are reasonably expected to become PC/CM Continuing Business Employees for the bonus year, if any, of the PC/CM Subsidiaries that ends after the date of this Agreement but prior to the Closing Date.

  • It is the intent of the parties that no assets of Xxxx Xxxxx Xxxx Xxxxxx Deferred Compensation Trust be applied to pay benefits to PC/CM Continuing Business Employees under the Citigroup Replacement Retention Plans or the PC/CM Retention Plans on and after the Closing Date and, to the extent any such assets are transferred or applied to the payment of such benefit on or after the Closing Date, Citigroup shall promptly make a cash payment to Xxxx Xxxxx equal to the value of the assets so applied.

  • Citigroup agrees to consult in a reasonable and timely manner with Xxxx Xxxxx in respect of the amount of any prior bonuses and annual bonuses payable to U.S. CAM Business Employees who are reasonably expected to become CAM Continuing Business Employees for the bonus year, if any, of the CAM Subsidiaries that ends after the date of this Agreement but prior to the Closing Date.

  • The actual amount of the annual bonuses to be paid (or vested, but payable in the future) by Citigroup to PC/CM Continuing Business Employees for the Current PC/CM Bonus Year and, if applicable, the Prior PC/CM Bonus Year, shall be made in a manner, to the extent practicable, that complies with Section 409A of the Code and in no event be less than the amount of the liability calculated pursuant to this Section 6.15(j).

  • From the Closing Date until the first anniversary thereof, Purchaser shall provide or cause to be provided the Continuing Business Employees with compensation and welfare benefits (excluding any severance or retiree medical benefits) that are not materially less favorable in the aggregate than those generally provided to similarly situated employees of Parent or its Affiliates immediately prior to the Closing.

  • Following the Benefits Transition Period, Purchaser shall assume, under Purchaser welfare benefit plans, the COBRA Coverage of all applicable PC/CM Continuing Business Employees still receiving such COBRA Coverage, and the Seller shall no longer administer such plans; provided, however, that Seller shall provide administrative support with respect to any claims incurred prior to the end of the Benefits Transition Period.

  • On the Closing Date prior to the Closing, Xxxx Xxxxx shall contribute to the capital of the PC/CM Subsidiary an amount equal to the aggregate value on the Closing Date of the Retention Portion of the PC/CM Continuing Business Employees (the “Xxxx Xxxxx Continuing Deferred Compensation Amount”).


More Definitions of Continuing Business Employees

Continuing Business Employees means (x) those persons who are employed as officers or employees of the Company and its Subsidiaries (collectively, the "Transferred Business Companies") immediately prior to or effective as of the Closing and (y) all former officers and employees of the Transferred Business Companies who are not considered retirees by Seller; provided that, in the event any person shall have been employed by any of the Transferred Business Companies and Seller, such person shall be considered a Continuing Business Employee if (i) as of the Closing Date such person's primary employment shall be with a Transferred Business Company or (ii) such person's employment with the Transferred Business Company terminated later than such person's employment with Seller.
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Continuing Business Employees as defined in Section 8.2(a);
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Continuing Business Employees has the meaning set forth in Section 4.6(e). “Contract” means, with respect to any Person, any written or oral agreement, contract, commitment, obligation, undertaking, instrument, lease, sublease, license, sublicense or arrangement, in each case, including all applicable amendments, extensions, renewals and guaranties, to which such Person is a party or by which such Person’s assets or properties are bound. “Control Persons” has the meaning set forth in Section 4.3(a). “Current Representation” has the meaning set forth in Section 9.13(a). “Designated Person” has the meaning set forth in Section 9.13(a). “End Date” has the meaning set forth in Section 7.1(b)(i). “Enforceability Exceptions” has the meaning set forth in Section 2.2(a). “Environmental Law” means any Law regulating or relating to the protection of natural resources or the environment, human health or safety (as it relates to Hazardous Materials) or pollution. “Equity Commitment Letter” has the meaning set forth in the Recitals. “Equity Financing” means the equity financing contemplated by the Equity Commitment Letter.
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Continuing Business Employees means any Business Employee (other than Israeli Company Employees and Foreign Company Employees) who remains an employee of a Company Subsidiary at the Closing in accordance with his then existing Employment Agreement.
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Related to Continuing Business Employees

  • 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).

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

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

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

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

  • Excluded Employees has the meaning set forth in Section 14.1.

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

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

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

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

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

  • 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.

  • Current Employees has the meaning set forth in Section 5.6(a).

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.

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

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

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

  • Relevant Employees means the employees who may be affected by a change referred to in subclause (1).

  • Union Employees has the meaning set forth in Section 6.12(a).

  • 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.

  • Other Employees means, all the employees other than the Directors, KMPs and the Senior Management Personnel.

  • 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;

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