Continuing Employee definition

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

Continuing Employee means any employee of the Company who continues as an employee of the Surviving Corporation or Parent after the Effective Time.

Continuing Employee shall have the meaning set forth in Section 7.6.2 hereof.

Examples of Continuing Employee in a sentence

• Nothing in this Section 6.5 shall create any third-party beneficiary rights or remedies in any Continuing Employee or any other Person.

• No provision of this Agreement shall be construed as a guarantee of continued employment for any employee for any period of time or to prohibit Parent or any of its Affiliates from terminating the employment of any Continuing Employee at any time after the Closing.

• Parent shall, or shall cause its Affiliate to, recognize and credit each Continuing Employee with the unused vacation time, sick leave, paid time off and other leave accrued by such Continuing Employee as of immediately prior to the Closing Date.

• In the event that Parent requests that the Company 401(k) Plan be terminated pursuant to Section 7.03(e), each Continuing Employee shall be eligible to become a participant in the Parent 401(k) Plan as soon as administratively practicable after the Effective Time (giving effect to the service crediting provisions of Section 7.03(c)).

More Definitions of Continuing Employee

Continuing Employee means any employee who was employed by the Company or any of its Subsidiaries as of the day immediately prior to the Effective Time and who is employed by Parent or any of its Subsidiaries on and after the Effective Time.

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

Continuing Employee means each Business Employee who remains employed by Buyer or any Subsidiary of Buyer (including the Group Companies) immediately after the Closing; provided, that any Inactive Employee shall become a Continuing Employee solely to the extent provided under, and consistent with, Section 7.03.

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

Continuing Employee means each Continuing Corporate Employee, together with each employee of the Company as of immediately prior to the Closing Date.

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

Continuing Employee. Section 5.8(a)