Employee in Good Standing definition

Employee in Good Standing means any employee of Sellers as of the ------------------------- Closing Date, including those on short term disability leave, workers' compensation leave or other authorized leave of absence on the Closing Date, other than any such employee: (i) who has been absent from work without authorization for one or more weeks on the Closing Date or (ii) who is on long term disability on the Closing Date; provided, that any employee of Sellers on short term disability leave, workers' compensation leave or other authorized leave of absence on the Closing Date will cease to be an Employee in Good Standing as of the Closing Date unless such employee returns to his or her Employment within 90 days of the date on which such employee's disability leave began.
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Employee in Good Standing means a full-time employee of the Company or a Subsidiary who:
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Employee in Good Standing means, on the applicable payment date described in Exhibit A, the Executive is employed by the Company, or any subsidiary of the Company, has not tendered written notice of intent to resign or retire effective as of the applicable payment date, on or before the applicable payment date, and has not behaved in a manner that would be grounds for discharge for Cause.
Sample 1

Examples of Employee in Good Standing in a sentence

  • You must be actively employed by the Company and considered an Employee in Good Standing (as defined in this Agreement) on the date any such annual bonus is paid in order to be eligible to receive any annual bonus payment.

  • For purposes of this --------------------------------------- Agreement, the Key Employee will be considered to be an "Employee in Good Standing" on a given date if, on that date, the Key Employee is employed by a Xxxx Atlantic Company, has not tendered oral or written notice of intent to resign or retire effective as of a date on or before the given date, and has not behaved in a manner that would be grounds for discharge for "Cause" as defined in Section 1(d) of this Agreement.

  • If the Employee is not an Employee in Good Standing on any of the above payment dates, the Employee shall not be eligible to receive any remaining portion of the Retention Bonus.

  • If the Definitive Agreement is terminated without the Merger occurring after the Key Employee's death or disability, and if the Key Employee was an Employee in Good Standing on the date of such death or disability, a single cash payment shall be made to the Key Employee, or the Key Employee's estate in the event of death, in an amount equal (before withholding of taxes) to the Adjusted Stay Bonus.

  • In the event that, prior to the Sale of the Company, the Executive is no longer an Employee in Good Standing, the Executive shall forfeit any and all rights to receive an Incentive Amount under this Agreement.

  • If the Employee remains an Employee in Good Standing (as defined below) through the date of the applicable payment, (i) $92,500 of the Retention Bonus, less applicable withholding taxes, will be paid to the Employee on August 31, 2023, (ii) $92,500 of the Retention Bonus, less applicable withholding taxes, will be paid to the Employee on October 31, 2023 and (iii) $185,000 of the Retention Bonus, less applicable withholding taxes, will be paid to the Employee on February 29, 2024.

  • For purposes of this Agreement, the ------------------------- Key Employee will be considered to be an "Employee in Good Standing" on a given date if, on that date, the Key Employee is employed by a Xxxx Atlantic Company, has not tendered oral or written notice of intent to resign or retire effective as of a date on or before the given date (other than pursuant to a Constructive Discharge), and has not behaved in a manner that would be grounds for discharge with Cause.

  • Employee in Good Standing: An employee who: • has an overall MAP score of 2.0 or higher; • has not received any formal discipline (written reprimand, suspension, or involuntary demotion) within the last 12 months from the date of request; • is not the subject of an investigation into allegations of misconduct, or has pending discipline, including dismissal.

  • Provided the Key Executive remains an ---------------------------- "Employee in Good Standing" (as hereinafter defined), the Key Executive shall be entitled to participate in the Xxxx Atlantic Medical Plan (For Xxxx Atlantic North) (the "Medical Plan") and receive credits under the Xxxx Atlantic Income Deferral Plan ("IDP") on the following basis.

  • For all fiscal years thereafter, provided that you are an Employee in Good Standing on each fiscal year bonus payday, you may receive discretionary bonus compensation based on the Firm's overall performance and your performance.


More Definitions of Employee in Good Standing

Employee in Good Standing. (as defined in Section 1(c) of this Agreement) of a Xxxx Atlantic Company from the date of this Agreement to the Closing Date, then, not later than 30 calendar days following the Closing Date, Xxxx Atlantic will cause the Xxxx Atlantic Company which then employs the Key Employee to pay the Key Employee a special stay incentive bonus (a "Stay Bonus") consisting of a single cash payment in an amount equal (before withholding of taxes) to the greater of (i) the sum of the Key Employee's annual rate of base salary and 50% of the Key Employee's maximum short-term incentive under the Xxxx Atlantic Short Term Incentive Plan (or other applicable short-term incentive plan), both as of the date of this Agreement, or (ii) the sum of such items, both as of the Closing Date.
Sample 1
Employee in Good Standing means a Syntroleum employee who is not in violation of any of the following terms and conditions of his employment agreement and/or general company policy; 1.4.1. has not threatened and has no pending legal or quasi-legal proceeding against Syntroleum including but not limited to negotiations (related to employment), mediations, arbitration or litigation; 1.4.2. is current in all monies owed Syntroleum; 1.4.3. has been in the continuous employment of Syntroleum from the Grant Date; 1
Sample 1
Employee in Good Standing means any employee of Sellers as of ------------------------- the Closing Date, including those on short term disability leave, workers' compensation leave or other authorized leave of absence on the Closing Date, other than any such employee: (i) who has been absent from work without authorization for one or more weeks on the Closing Date or (ii) who is on long term disability on the Closing Date; provided, that any employee of Sellers on -------- short term disability leave, workers' compensation leave or other authorized leave of absence on the Closing Date will cease to be an Employee in Good Standing as of the Closing Date unless such employee returns to his or her Employment within 90 days of the date on which such employee's disability leave began.
Sample 1
Employee in Good Standing. (as defined in Section 1(c) of this Agreement) of a Xxxx Atlantic Company from the date of this Agreement to the Closing Date, then, not later than 30 calendar days following the Closing Date, Xxxx Atlantic will cause the Xxxx Atlantic Company which then employs the Key Employee to pay the Key Employee a special stay incentive bonus (a "Stay Bonus") consisting of a single cash payment in an amount equal (before withholding of taxes) to the greater of the Key Employee's annual rate of base salary on the date of this Agreement, or such salary as of the Closing Date.
Sample 1
Employee in Good Standing. (as defined in Section 2(f) of this Agreement) and terminates his or her employment for either of the following reasons: (i) the Key Employee has refused to relocate to a new principal place of work which would require a commute of more than 35 miles greater than the Key Employee's existing commute; or (ii) the Key Employee is assigned to a position where the sum of the annual rate of base salary plus the maximum amount of annual short term incentive the Key Employee would be eligible to receive per year is less than 90% of the sum of the corresponding items of salary and short term incentive for the Key Employee's existing position.
Sample 1

Related to Employee in Good Standing

  • In good standing means, in respect of a registrant,

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • Good Standing means only that as of the date of this opinion the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar of Companies. We have made no enquiries into the Company’s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Foreign entity means an entity other than a domestic entity.

  • Foreign limited liability partnership means a partnership that:

  • Professional limited liability company means a limited

  • Employee organization means any organization, union, or

  • Qualified Foreign Entity means a corporation, trust, association or partnership organized outside the

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Incorporation means applying manure using injection, disking into the soil, tilling the soil after application, or using other practices that result in at least 50 percent of the manure being placed below the ground surface within 24 hours of application and prior to rainfall.

  • Certification of Incorporation means the restated certificate of incorporation of the Corporation, as it may be amended from time to time, and shall include this Certificate of Designations.

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.

  • Company Organizational Documents means the certificate of incorporation and bylaws (or the equivalent organizational documents) of the Company and its Subsidiaries as in effect on the date of this Agreement.

  • State of Incorporation means Delaware.

  • Jurisdiction of formation means the jurisdiction whose law includes the organic law of an entity.

  • Parent Organizational Documents means the certificate of incorporation and bylaws, each as amended as of the date of this Agreement, of each of Parent and Merger Sub.

  • substantial shareholder means a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules) of the voting power at any general meeting of the Company;

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended.

  • Foreign nonprofit corporation means an entity:

  • Business owned by a person with a disability means a business concern that is at least 51% owned by one or more persons with a disability and the management and daily business operations of which are controlled by one or more of the persons with disabilities who own it. A not- for-profit agency for persons with disabilities that is exempt from taxation under Section 501 of the Internal Revenue Code of 1986 is also considered a "business owned by a person with a disability".

  • Manager-managed limited liability company means a limited liability company that is managed by