Departing Employee definition

Departing Employee if such individual: (i) shall have ceased to be employed by the Company or any Subsidiary of the Company prior to the Effective Time; (ii) shall have expressed an intention to decline to accept employment with Parent; or (iii) shall have expressed an intention to discontinue (prior to, at or after the Closing) his or her employment with Parent or any Acquired Corporation.

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Departing Employee means any employee who receives an offer of employment in accordance with Section 5.9(d) but does not become a Continuing Employee, and as a result, has terminated employment or service with the Company or a Subsidiary on or prior to the Effective Time.

Departing Employee means an employee of a Fortune Brands Party listed on Exhibit A who will retire or be involuntarily terminated as a result of the Distribution.

Examples of Departing Employee in a sentence

• I have read the Departing Employee Notice and Acknowledgment of Continuing Obligations, and understand that my obligations continue beyond the separation of my employment, except as clarified by any clause in this Agreement and Release.

• The second installment shall equal the balance of the Termination Pay Out and shall be paid to the Departing Employee not later than thirty (30) days after the General Partner has determined Earnings for the Fiscal Year 1996, as provided in Section 13.4 and subject to the procedure therein.

• It is the intention of Departing Employee and QLogic in executing this instrument that the same shall be effective as a bar to each and every claim, demand and cause of action hereinabove specified.

• SECTION 1542 provides: “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.” Departing Employee and QLogic each acknowledges that he/she or it understands the significance and consequences of such release and such specific waiver of SECTION 1542.

• Checklists Departing Employee Checklist Maintained Drafting a Settlement and General Release Agreement Single Plaintiff Employment Dispute Checklist.

• For a period of one year after the Separation Date, Departing Employee also agrees to cooperate in the prosecution of any claims and lawsuits brought by QLogic or any of its affiliates that are currently outstanding or that may in the future be brought relating to matters which occurred during or prior to the term of Departing Employee’s employment.

• If the Termination Pay Out is less than or equal to the Loan Balance, then the first installment shall be payable to the lender of the Equity Loan not later than thirty (30) days after the termination of employment of the Departing Employee, and no second installment shall be paid.

• The period of Company-paid medical benefits shall be part of the 18 months of continued coverage available to Departing Employee under Section 601 et.

• For a period of one year after the Separation Date, Departing Employee agrees to cooperate in the defense of QLogic or any of its affiliates against any threatened or pending litigation or in any investigation or proceeding by any governmental agency or body that relates to any events or actions which occurred during or prior to the term of Departing Employee’s employment.

• Departing Employee represents that he has held all such information confidential and will continue to do so.

More Definitions of Departing Employee

Departing Employee means a Class A Limited Partner whose employment by an Employing Entity terminates, whether voluntarily or involuntarily, without immediate re-employment by another Employing Entity, during the Early Departure Period other than by reason of death or disability.

Departing Employee if such individual: (i) shall have ceased to be employed by the Company or any Subsidiary of the Company; (ii) shall have expressed, to any director or the Chief Executive Officer or Chief Financial Officer of the Company or any director or executive officer of Parent, an intention to decline to accept employment with Parent; or (iii) shall have expressed, to any director or the Chief Executive Office or Chief Financial Officer of the Company or any director or executive officer of Parent, an intention to discontinue (prior to, at or promptly after the Closing) his or her employment with Parent or any Acquired Corporation.

Departing Employee means:- (a) any employee of the Company or any subsidiary of the Company who ceases to be an employee of the Company or any subsidiary of the Company (including, for the avoidance of doubt, any person who ceases to be an employee of a subsidiary of the Company by reason of the sale by the Company of the subsidiary or subsidiaries of which that person is an employee); or

Departing Employee means an Employee who ceases to be a Director or employee of any Group Company and who does not continue as, or become, a Director or employee of any other Group Company;

Departing Employee means any employee or director of the Company or any of its Affiliate companies who shall (i) for any reason, cease to be a director or employee of the Company or any of its Affiliate companies or any individual whose services are otherwise provided to the Company or any of its Affiliates whose services cease to be provided to the Company or any of its Affiliate companies, or (ii) upon the business of the company of which he is a director or employee being sold by the Company or such Affiliate company, or upon the Affiliate company of which he is a director or employee being sold by the Company and, in any such case, cease to be a director or employee of either the Company or any of its then remaining Affiliate companies;