Critical Employees definition

Critical Employees has the meaning set forth in Schedule 3.
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Critical Employees has the meaning set forth in Section 7.2.
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Critical Employees means Key Employees and Key Contractors of the Company. “Databases” means databases and other compilations and collections of data or information. “Environmental Law” means any applicable federal, state or local Laws relating to
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Examples of Critical Employees in a sentence

  • Pursuant to the Non-Insider Employee Retention Program, 50 Critical Employees are entitled to receive additional compensation in the aggregate amount up to $500,000.

  • The Parties acknowledge that it is a condition of this transaction that at least 50% of the Employees and all of the Critical Employees become employees of Buyer.

  • At least 50% of the Employees and all Critical Employees shall have accepted employment with Buyer.

  • Under the New Severance Plan, eligible Critical Employees (those in Tiers 1 through 6) who are terminated by the Debtors other than for cause are entitled to the greater of (i) a payment equal to between six and 36 months salary, depending on the Tier of the relevant employee, or (ii) what the eligible Critical Employee would be entitled to under existing company policy.

  • In contrast, if any of the Critical Employees (a) are terminated with cause or (b) voluntarily terminate their employment with the Debtors, such Critical Employees forfeit any unpaid portion of their Stay Bonuses.

  • The Critical Employees have been divided into nine distinct “tiers” (each a “Tier” and, collectively, the “Tiers”) based on each employee’s respective responsibilities, role in the reorganization process, and anticipated contribution to the Debtors’ restructuring efforts.

  • The Critical Employee's continued employment shall not constitute consent to, or waiver of rights with respect to, any act or failure to act constituting Good Reason hereunder.

  • The Critical Employee's right to terminate his or her employment for Good Reason shall not be affected by the Critical Employee's incapacity due to physical or mental illness.

  • Amounts forfeited by the Critical Employees remain available for use by the Debtors for new participants in the Stay Bonus Plan.

  • If any of the Critical Employees are terminated by the Debtors without cause, such Critical Employees will receive a lump sum payment of the pro-rata share of their earned, but unpaid Stay Bonuses.


More Definitions of Critical Employees

Critical Employees has the meaning set forth in Section 5.8(d)(i).
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Critical Employees means the employees of the Company and its Subsidiaries listed in Schedule 1.1 and identified therein as “Critical Employees.”
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Critical Employees means the individuals whose names are specified in part 3 of Schedule 2.
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Critical Employees means the mean the Employees identified on Schedule 5.7 hereto.
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Critical Employees means those employees of the Business set forth on Schedule 1.1(e).
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Critical Employees shall refer to Xxxxxxxx Groult and Xxxxxxxx Xxxxxx, each of whom are considered by Purchaser to be critical to success of the Company's business operations.
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Related to Critical Employees

  • Technical Employees means those employees having special and specific engineering, geological or other professional skills, and whose primary function in Joint Operations is the handling of specific operating conditions and problems for the benefit of the Joint Property.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Seasonal employee means a state employee hired to work during a recurring, annual season with a duration of three months or more, and anticipated to return each season to perform similar work.

  • 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.

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

  • Managerial employee means an employee of the State of Oregon or a public university

  • Relevant Employees means the employees of the Contractor (including the Transferring Employees) who are wholly or mainly assigned to work in the provision of the Services and who are/will be the subject of a Relevant Transfer by virtue of the application of the TUPE Regulations.

  • Excluded Employees means those employees listed on Schedule 1.1(w);

  • Professional employee means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

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

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

  • Covered Employees has the meaning set forth in Section 5.11(a).

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

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

  • Client employer means an Employer that is involved in a Tri-Party Employment Relationship due to obtaining the services of a third-party entity.

  • Municipal employee means any individual employed by a municipal employer other than an independent contractor, supervisor, or confidential, managerial or executive employee.

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