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

• The Claims, if any, of the Employee Creditors shall be paid by the Trustee after the making of the Approval Order in the ordinary course from the Proposal Fund.

• 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.

• A Meeting of the Eligible Employee Creditors of the Company will be held at Mercure Gerringong Resort, 1 Fern St, Gerringong NSW 2534 on Thursday 28 February 2019 at 12:00PM.

• The Claims, if any, of the Employee Creditors shall be paid on the later of (i) the Implementation Date or (ii) the receipt of proceeds of the sale of the Property pursuant to the Sale Agreement.

• Based on the SOA, the Company does not have any Employee Creditors.

• Our recommendation regarding the options available to creditors is discussed in Sections 6 and 7 of this Report.A separate meeting of Eligible Employee Creditors will be held before the general Second Meeting of Creditors.

• The Claims, if any, of the Employee Creditors shall be paid immediately after the making of the Approval Order using proceeds from the operation of the Debtor’s business.

• In their so-called TP-game (threat-point) they distinguish three different no-trade payoffs of the investor: low, intermediate and high where higher no-trade payoffs reflect ownership of more assets.

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 Xxxxxxxxx Xxxx, Xxxxx Xxxx, Xxxx Xxxxxx and Xxxx Xxxxxx;

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