Continuing Employee definition

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

Continuing Employee means each individual who is an employee of the Company or any of its Subsidiaries immediately prior to the Effective Time and continues to be an employee of Parent or one of its Subsidiaries (including the Surviving Corporation and its Subsidiaries) immediately following the Effective Time.

Continuing Employee shall have the meaning set forth in Section 5.8(a).

Examples of Continuing Employee in a sentence

• In addition, Parent and/or the Surviving Corporation shall credit each Continuing Employee with paid time off equal to the accrued paid time off such Continuing Employee had accrued with the Company that was unused as of the Effective Time.

• Parent shall cause the Parent 401(k) Plan to accept direct rollovers to such Parent 401(k) Plan of the account balances of each Continuing Employee (including the in-kind rollover of promissory notes evidencing all outstanding loans) from the Company 401(k) Plan, if such direct rollover is elected by such Continuing Employee in accordance with the terms of the Company 401(k) Plan (as it may be amended to provide for such rollover) and the Code.

• Nothing in this Section 5.3 or elsewhere in this Agreement shall be construed to create a right in any Person to employment with Parent, the Surviving Corporation or any other Affiliate of the Surviving Corporation or to any compensation or benefits and the employment of each Continuing Employee shall be “at will” employment.

More Definitions of Continuing Employee

Continuing Employee shall have the meaning given to that term in Section 5.11(a).

Continuing Employee means each Company Employee who is employed by an Acquired Company as of the Closing Date.

Continuing Employee has the meaning specified in Section 9.07(a).

Continuing Employee shall have the meaning as set forth in Section 7.9(a) of the Agreement.

Continuing Employee is defined in Section 6.3(a) of the Agreement.

Continuing Employee. Section 5.8(a)

Continuing Employee means any employee of PRE or any of its Subsidiaries who continues employment with the Surviving Company or any of its Affiliates.