Continuing Company Employee definition

Continuing Company Employee shall have the meaning set forth in Section 6.2(a).
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Continuing Company Employee means each Company Employee who continues employment with the Surviving Corporation or Parent on or immediately after the Effective Time.
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Continuing Company Employee each individual who, immediately prior to the Effective Time, is an employee of the Company and its Subsidiaries and who continues in such capacity immediately following the Effective Time.
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Examples of Continuing Company Employee in a sentence

  • Notwithstanding anything to the contrary set forth herein, after the Effective Time, nothing in this Section 5.1(a) shall preclude the Surviving Corporation from terminating the employment of any Continuing Company Employee for any lawful reason.

  • Except as expressly provided in Section 7.7(d) or Section 7.7(e), nothing in this Agreement shall be interpreted or construed to cause or obligate Purchaser to assume sponsorship of any Employee Benefit Plan or of any Liability with respect to such Employee Benefit Plan or with respect to the employment of a Continuing Company Employee or any other employee of Company prior to the Closing Date.

  • In addition to the foregoing, Parent shall, or shall cause the Surviving Corporation, or their respective subsidiaries, to pay any Nonunion Continuing Company Employee whose employment is terminated by Parent, the Surviving Corporation, or their respective subsidiaries, within twelve months of the Closing Date a severance benefit package equivalent to the severance benefit package that would be provided under the Company's Severance Pay Plan, effective November 1, 1991, as in effect on the date hereof.

  • Each Unvested Company Option held by a Company Optionholder who is not a Continuing Company Employee, subject to Section 2.2(h), shall be cancelled and terminated without consideration upon the Effective Time.

  • For the Continuation Period, Parent shall provide, or shall cause the Surviving Corporation to provide to each Continuing Company Employee at least the same level of hourly salary or base wages and annual target cash bonus opportunity as provided to such Continuing Company Employee immediately prior to the Effective Time.

  • In addition, and without limiting the generality of the foregoing and subject to Section 5.05(d), each Continuing Company Employee shall be immediately eligible to participate, without any waiting time, in any and all Surviving Corporation Plans to the extent coverage under any such plan replaces coverage under a comparable benefit plan in which such Continuing Company Employee participates immediately prior to the Effective Time.

  • In addition, and without limiting the generality of the foregoing, each Continuing Company Employee shall be immediately eligible to participate, without any waiting time, in any Surviving Corporation Plans providing health or welfare coverage, to the extent coverage under any such plan replaces coverage under a comparable benefit plan in which such Continuing Company Employee participates immediately prior to the Effective Time.

  • For purposes of participation of the Continuing Company Employees in a benefit plan of Parent or its Affiliates (including the Surviving Corporation) (a “Parent Benefit Plan”), each Continuing Company Employee shall be credited with all years of service for which such Continuing Company Employee was credited before the Closing Date under any analogous Employee Benefit Plans.

  • Nothing in this Section 6.05 or elsewhere in this Agreement shall be construed to create a right in any Continuing Company Employee to employment with Parent or the Surviving Corporation.

  • Seller shall cause each Continuing Company Employee to be fully vested in his or her account under the Seller's Group 401(k) salary savings and profit sharing plan as of the Closing.


More Definitions of Continuing Company Employee

Continuing Company Employee has the meaning set out in Section 10.6(a).
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Related to Continuing Company Employee

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

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

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

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

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

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Parent Employee means any current or former director, officer, manager or employee of Parent or any Parent Subsidiary.

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

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

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

  • Current Employee has the meaning set forth in Section 7.8(a).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement 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 or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • 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.

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

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

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

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

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

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

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

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.