Examples of Employee Amount in a sentence

On the 1st day of January each year, an employee will be entitled to take vacation time for the following year according to the following schedule: Years of Service as a City Employee Amount of Vacation 0 - 2 years 18 days Over 2 yrs to 6 yrs 23 days Over 6 yrs to 10 yrs 28 days Over 10 yrs to 15 yrs 30 days Over 15 years 33 days There shall be no banking of vacation time.
For and in consideration of the Assets, at the Closing, Purchaser is hereby tendering and paying to Seller the Purchase Price plus the Purchase Order Amount, and less the following: (a) the Warranty Amount, (b) the Escrow Amount, and (c) the Employee Amount.
To the extent the aggregate of all such payments plus up to $10,000 in legal fees and costs are less than the Employee Amount, Purchaser shall deliver to Seller along with such report payment of such difference in immediately available funds.
Purchaser further warrants that Purchaser shall not seek credit against the Employee Amount for any amount paid to a BG Employee in excess of the amount required by law or by contract, whether actual or implied by law, to be paid to the BG Employee or, with respect to National Insurance, on the BG Employee’s behalf.
The Required Employee Amount shall be paid from additional funds to be delivered by the Company to the Trustee on or before the Implementation Date and shall beremitted by the Trustee to the relevant employees within six (6) months of the issuance of the Approval Order.

More Definitions of Employee Amount

Employee Amount means the aggregate amount payable to employees of the Company pursuant to any change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company, in each case, payable solely as a result of the transactions contemplated by this Agreement.

Employee Amount means the number of Buyer Common Shares that, when multiplied by $46.15, will equal the aggregate amount owed under all severance, change of control, retention payments and similar obligations of the Company in connection with the Merger and the other transactions contemplated by this Agreement.

Employee Amount means without duplication, measured as of immediately prior to the Effective Time, (a) all amounts payable by the Company or any of its Subsidiaries pursuant to (i) any Transaction Bonus Plan, (ii) any other transaction, change in control bonus plan, severance plan, or change of control, retention or similar arrangement of the Company or any of its Subsidiaries, payable in connection with the Merger or any of the other transactions contemplated by this Agreement or upon related or concurrent or subsequent employment termination, or in combination with any other event, such payment is made on or prior to the Closing pursuant to, or under, an Employee Benefit Plan, a Contract or other arrangement entered into by the Company or any of its Subsidiaries prior to the Closing and (iii) to the extent not paid prior to the Effective Time, the amounts of any bonus to be paid in respect of the 2022 fiscal year (including, in each case, all of the employer portion of Taxes required to be paid in connection therewith, determined as if the applicable taxable period ended on the Closing Date), and (b) accrued and unused paid time off (PTO), but only to the extent credit for such PTO will be retained for the employees after the Closing; provided, however, “Employee Amount” shall not include any amounts payable after Closing as a result of any arrangements implemented by the Surviving Corporation or the Buyer after the Closing as a result of any arrangements entered into with or at the direction of the Buyer.

Employee Amount means the aggregate amount payable to employees or consultants of the Company or any of the Subsidiaries pursuant to any change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company or any Subsidiary, plus the employer’s share of Taxes payable with respect to all such amounts, in each case payable as a result of the Merger and the other transactions contemplated by this Agreement (and specifically excluding (a) any amounts payable after Closing as a result of any arrangements implemented by the Surviving Corporation or the Buyer after the Closing and (b) any broad-based severance plan or policy of the Company in place as of the date of this Agreement and described in Section 2.22 of the Disclosure Schedule).

Employee Amount means (a) all amounts payable pursuant to the [**] “discretionary bonus plan” and any change in control or transaction-based bonus plan, severance plan, retention, employment, consulting, compensation or other arrangement or agreement between the Company or its Subsidiaries and a Company Employee, in each case, that are payable in connection with the transactions contemplated by this Agreement alone or in combination with any other event, or amounts payable pursuant to the arrangements set forth on Schedule 10.3, plus (b) all Liabilities for unfunded or underfunded Liabilities under any deferred compensation, defined benefit pension, supplemental retirement or post-employment welfare plan or arrangement as of immediately prior to the Closing, plus (c) all Liabilities for accrued vacation time/paid time off as of the Closing Date, plus (d) all Liabilities for unpaid severance arising from any terminations prior to the Closing (whether or not accrued), plus (e) the employer’s share of Taxes payable with respect to all such amounts described in the foregoing clauses (a) through (d), including, the employer’s share of Taxes payable with respect to the portion of the Closing Consideration payable to an Indemnity Participant who is, immediately prior to the Effective Time, a Company Employee, and which in each case shall include such Liabilities with respect to employees, consultants or independent contractors (in each case, in the event the Closing occurs in 2024, computed assuming the wage base limitation has been exceed for the purposes of Taxes under Section 3111(a) of the Code and, in the event the Closing occurs in [**], computing Taxes under Section 3111(a) using the actual wages paid prior to Closing for purposes of the wage base limitation, but only including [**] percent ([**]%) of such Taxes in the Employee Amount); provided, however, “Employee Amount” shall exclude (x) any amounts reflected in Closing Net Working Capital and (y) any amounts payable after Closing as a result of any Contracts or arrangements entered into by the Company or the Buyer after Closing or that otherwise arise or are incurred due to any action taken by or at the direction of the Buyer or any of its Affiliates.

Employee Amount means $1,062,000.00, which equals the amount estimated to relate to payments that may be due and payable to the BG Employees as described in Section 6.2, plus payment (including National Insurance) for the holiday days that those fourteen Employees who are not BG Employees have accrued through the Closing date but have not taken plus reasonable attorney fees that are incurred by Purchaser in connection with the BG Employees in respect of notice and redundancy requirements, which attorney fees shall not exceed $10,000.00.

Employee Amount means all amounts (plus the employer’s share of Taxes payable with respect to all such amounts and any related interest and penalties) payable pursuant to (a) any Transaction Bonus Plan or (b) any other change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company or any Subsidiary, in each case of this clause (b) payable in connection with the Merger or any of the other transactions contemplated by this Agreement or upon related, concurrent or subsequent employment termination, or in combination with any other event. For the avoidance of doubt, amounts payable under the Transaction Incentive Compensation Agreements dated April 1, 2006 with the individuals set forth on Schedule 10 shall be considered Employee Amounts.

Employee Amount definition

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