Employee Creditors definition
Employee Creditors means employees and former employees of the Debtor, not to include independent commissioned sales agents or contractors, for amounts equal to the amounts that they would be qualified to receive under Paragraph 136(l)(d) of the Act if the Debtor became bankrupt on the Proposal Date, as well as wages, salaries, commissions or compensation for services rendered after that date and before the Court approval of the Proposal, together with, in the case of travelling salesmen, disbursements properly incurred by those salesmen in and about the Debtor’s business during the same period. For greater clarity, the Claims of Employee Creditors does not include amounts associated with termination pay or severance pay due by statute, common law or otherwise;
Employee Creditors means Creditors who are employees of the Company and have Claims against the Company in respect of their employment with the Company, and references to “Claims of Employee Creditors” mean the Claims of such Employee Creditors in respect of their employment with the Company.
Employee Creditors means USW Members and Salaried Members with Allowed Claims;
Examples of Employee Creditors in a sentence
Parent has offered each of the Trade Creditors settlement agreements in the form of Exhibit B-1 hereto, has offered each of the Employee Creditors settlement agreements in the form of Exhibit B-2 hereto and has offered each of the Executive Creditors settlement agreements (including a separate form of settlement agreement for ▇▇▇▇ ▇.
The Company (on its own behalf and as agent for Simple Toiletries Limited) acknowledges and agrees that the directions set out in this clause and the receipt of such amounts from the Buyer shall fully and finally discharge the obligations of each of the Employee Creditors in relation to the Employee Loans.
More Definitions of Employee Creditors
Employee Creditors means Creditors who are employees of Uniforêt and have Claims against Uniforêt in respect of their employment with Uniforêt, and references to “Claims of Employee Creditors” mean the Claims of such Employee Creditors in respect of their employment with Uniforêt;
Employee Creditors means employees and former employees of the Debtors, if any, not to include independent commissioned sales agents or contractors, for amounts equal to the amounts that they would be qualified to receive under paragraph 136(1)(d) of the BIA if the Debtors became bankrupt on the Filing Date, as well as wages, salaries, commissions
Employee Creditors means ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇▇;
Employee Creditors means employees and former employees of the Debtor, not to include independent commissioned sales agents or contractors, for amounts equal to the amounts that they would be qualified to receive under paragraphs [81.3] and [136(l)(d)] of the BIA if the Debtor became bankrupt on the Proposal Date, as well as wages, salaries, commissions or compensation for services rendered after that date and before the Court approval of the Proposal, together with, in the case of travelling salesmen, disbursements properly incurred by those salesmen in and about the Debtor’s business during the same period;