Employee Assets definition

Employee Assets means all of the Transferors’ assets, including without limitation, computers, work stations, third party software licensed for such computers or work stations, electronic files, multi-function printers and copiers, office furniture and other tangible assets presently used or formerly used principally by the Members or the Designated Employees that Parent elects to employ, which are necessary or useful for the Members or each Designated Employee to continue to perform his or their respective duties for Parent or any of its Subsidiaries after the Closing without interruption. “Employment Agreement” has the meaning ascribed to it in Section 5.4.
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Employee Assets means all of Transferors’ assets, including without limitation, computers, work stations, third party software licensed for such computers or work stations, electronic files, multi-function printers and copiers, office furniture and other tangible assets presently used or formerly used principally by the Principals or the Designated Employees that the Acquiring Parties elect to employ, which are necessary or useful for the Principals or each Designated Employee to continue to perform his or their respective duties for Parent or any of its Subsidiaries after the Closing without interruption.
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Employee Assets shall have the meaning ascribed in Section 2.1(b).
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Examples of Employee Assets in a sentence

  • Subject to Schedule 2.02(a), GE shall use reasonable best efforts to effect an orderly transition of the Specified Transferred Employees and Specified Employee Assets located in India, Brazil and China, as promptly as practicable, in accordance with applicable Law and pursuant to a timeline and, with respect to Brazil and China, a structure, in each case to be reasonably agreed to by GE and BHGE (which agreement shall not be unreasonably conditioned, delayed or withheld by either GE or BHGE).

  • The CHIP is shepherded by the CHIP Executive Committee, with the ‘facilitating agencies’ tracking and reporting progress data quarterly to the larger Executive Committee.

  • Any conflict between above and Section 3260 shall be decided in accordance with the California Civil Code.

  • Nothing in this Section2.02 shall require BHGE or any of its Affiliates to incur any incremental non de minimis (individually or in the aggregate) fees, costs, expenses or liabilities in respect of a structure for the transfer of the Specified Transferred Employees and Specified Employee Assets in Brazil proposed by GE over the fees, costs, expenses or liabilities in respect of a structure that is preferred by BHGE.

  • HP-OMS shall transfer to Customer ownership of the New Customer Employee Assets in any case of expiration or termination immediately upon payment completion by the Customer, as set out in this Section 7.2.

  • All Servers and Laptops included within the Refreshed Assets, Add-On Assets and New Customer Employee Assets must be maintained at a level equal to or better than HP's "Carepack Service", e.g., on a 24X7 basis, with repairs within 4 hours of the call for servers etc.

  • EPCOS Hong Kong will transfer to Hong Kong Newco the Acquired Assets held by EPCOS Hong Kong (other than the Hong Kong Employee Assets) pursuant to the Asset Transfer Agreement in substantially the form attached hereto as Exhibit V (the “Hong Kong Restructuring Agreement”).” (k) Section 2.1(a)(iv)(B) of the Master Agreement is hereby amended and restated as follows: “(B) EPCOS Shanghai.

  • For the avoidance of doubt, at and following the Closing, (i) neither the Seller nor Holdings shall have any continuing obligations with respect to any compensation or benefit arrangements for the Employees (other than the MN Employee Assets and Liabilities), and (ii) neither of the Companies shall have any obligations with respect to any compensation or benefit arrangements (for the Employees or otherwise) related to or arising under any Benefit Plan other than the Continuing Plans.

  • A note about the DOL and its guidance: Among my colleagues and myself (including our Financial Poise panelists for the seven- part Protecting Your Employee Assets: The Life Cycle of the Employment Relationship), the DOL’s website is a terrific source of information concerning federal, and sometimes state wage and hour laws.


More Definitions of Employee Assets

Employee Assets means all of Sellers’ assets, including without limitation, computers, work stations, third party software licensed for such computers or work stations, electronic files, multi-function printers and copiers, office furniture and other tangible assets presently used principally by Xxxxxxx or the Designated Employees which Buyer elects to employ, which are necessary or useful for Xxxxxxx or each Designated Employee to continue to perform his or their respective duties for Buyer after the Closing without interruption.
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Employee Assets means all personal property assets owned (or leased) by Seller, wherever located, that are utilized by New Hires (as defined in Section 6.01(b)) in the normal course of the performing their duties for the Storage Products Business during the time period beginning on the Effective Date and ending on the Closing Date (as defined in Section 2.04 below), including work-stations, personal computers, personal digital assistants and all associated assignable licenses to use third-party software applications used thereon, excluding assets used on an incidental basis.
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Related to Employee Assets

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

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

  • Company Employee means an employee of the Company or any of its Subsidiaries.

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

  • Former Employee means all individuals (including common law employees, independent contractors and individual consultants) who were employed or engaged by the Company in connection with the Business but who are no longer so employed or engaged on the date hereof.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Protected Employees means employees of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date.

  • Productive Assets means assets (including assets of a referent Person owned directly or indirectly through ownership of Capital Stock) of a kind used or useful in the Cable Related Business.

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

  • Company Properties shall have the meaning set forth in Section 4.15.1.

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Employer Group means the Corporation and any Parent or Subsidiary and any other corporation or business controlled by, controlling or under common control with, the Corporation, as determined in accordance with Sections 414(b) and (c) of the Code and the Treasury Regulations thereunder, except that in applying Sections 1563(1), (2) and (3) of the Code for purposes of determining the controlled group of corporations under Section 414(b), the phrase “at least 50 percent” shall be used instead of “at least 80 percent” each place the latter phrase appears in such sections and in applying Section 1.414(c)-2 of the Treasury Regulations for purposes of determining trades or businesses that are under common control for purposes of Section 414(c), the phrase “at least 50 percent” shall be used instead of “at least 80 percent” each place the latter phrase appears in Section 1.4.14(c)-2 of the Treasury Regulations. Any such determination as to Separation from Service, however, shall be made in accordance with the applicable standards of the Treasury Regulations issued under Section 409A of the Code.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Parent Employee means, a current employee of Parent or any of its Subsidiaries.

  • Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).