Employee Seller definition

Employee Seller means each Seller who is a Continuing Employee other than the Founder and the Key Employees.
Sample 1
Employee Seller means any Seller who is a Company Associate currently as of the date hereof or currently as of the Closing Date.
Sample 1
Employee Seller means any Seller that is an employee of the Company or an Affiliate of any such employee.
Sample 1

Examples of Employee Seller in a sentence

  • In the event that Buyer exercises its Right of Offset against any Earnout Consideration in satisfaction of any indemnification claim against the non-Key Employee Sellers, the non-Key Employee Sellers and the Key Employees hereby agree that the non-Key Employee Sellers shall proportionately indemnify and reimburse the Key Employees to the extent that Buyer’s claims against each such non-Key Employee Seller have been set off against Earnout Consideration.

  • Effective with the date an Employee becomes a Transferred Employee, Seller shall pay in full the value of any grandfathered vacation bank to the Transferred US Employee.

  • Effective as of the applicable Transition Date for each Transferred Employee, Seller shall take all actions necessary to transfer the (i) accrued benefit obligations for such Transferred Employee, as well as a proportionate share of assets, if any, whether in a trust or otherwise, related to such obligations and (ii) elections, including beneficiary and distribution elections associated with such Transferred Employee under the Seller SSRP to a nonqualified deferred compensation plan of Purchaser.

  • In the event that any such employee so identified by Buyers within such period is not in fact a Covered Employee, Seller agrees to accept the transfer of such employee’s employment to Seller and to reimburse Buyers for any salary or benefits provided by Buyers.

  • Formal action is initiated by the Associate Dean’s written complaint to the Dean requesting referral to the Court of Student Conduct.

  • Notwithstanding the foregoing in this paragraph, with regard to the French EU Business Employee, Seller shall provide to Purchaser a copy of the French EU Business Employee’s contract of employment and other agreements relating to such employee at least seven (7) weeks prior to Closing Date.

  • Further, in the event that any employee or dependent of an employee of Seller or its Commonly Controlled Entities experiences a “qualifying event” as a result of the transactions contemplated by this Agreement, and such employee or dependent of an employee is not a Hired Employee, Seller shall comply with the COBRA Continuation Requirement with respect to such employee or dependent of an employee.

  • With respect to each such Existing Employee, Seller has provided to Buyer such Existing Employee's position with Seller, initial employment date and such Existing Employee's fiscal year 2000 and current salary or hourly wage, bonus or incentive compensation, total taxable compensation, accrued vacation and other employment benefits.

  • To the extent that any shares of common stock or other equity interests in any Transferred Subsidiary are currently held by a director, officer or employee of Seller or any of its Subsidiaries and such director, officer or employee will not be a Transferred Employee, Seller will use its reasonable best efforts to have such shares transferred, at Buyer’s direction, to a Person who will be a Transferred Employee.

  • In the event that Buyer does offer employment to a Seller Employee, Seller shall, at all times, remain solely liable for any and all obligations arising from any Seller Employee’s previous employment with Seller including, without limitation, any severance benefits due to such employee.


More Definitions of Employee Seller

Employee Seller means a Seller who is party to an effective Employment Arrangement.
Sample 1
Employee Seller means any one of them.
Sample 1
Employee Seller means each individual identified as an “Employee Seller” on the Transaction Consideration Disbursement Schedule.
Sample 1
Employee Seller means each Seller that on the Closing Date is engaged by the Company in an employment or service relationship.
Sample 1

Related to Employee Seller

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

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

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

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

  • Management Stockholders means the members of management of Holdings or any of its Subsidiaries who are investors in Holdings or any direct or indirect parent thereof.

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

  • 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.

  • New Mexico Employee means any resident of the State of New Mexico employed by Contractor who performs the majority of the employee’s work for Contractor within the State of New Mexico, regardless of the location of Contractor’s office or offices; and

  • Servicer Employee As defined in Section 3.18.

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

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

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

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

  • Seller Affiliate means any Affiliate of Seller.

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.

  • Position holder means a person who holds an inventory position of motor fuel in a terminal, as

  • Management Stockholder shall have the meaning set forth in the introductory paragraph.

  • Management Stockholder’s Agreement means that certain Management Stockholder’s Agreement between the Optionee and the Company.

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Group Business Entity means;

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • Family Group means with respect to any individual, such individual’s current or former spouse, their respective parents, descendants of such parents (whether natural or adopted) and the spouses of such descendants, any trust, limited partnership, corporation or limited liability company established solely for the benefit of such individual or such individual’s current or former spouse, their respective parents, descendants of such parents (whether natural or adopted) or the spouses of such descendants.

  • Bona fide employee means a person, employed by a bidder and subject to the bidder's supervision and control as to time, place, and manner of performance, who neither exerts, nor proposes to exert improper influence to solicit or obtain contracts nor holds out as being able to obtain any contract(s) through improper influence.

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Servicer Employees As defined in Section 2.12.