Employee Transfer Date definition
Examples of Employee Transfer Date in a sentence
From the Employee Transfer Date until the day before the Subsequent Transfer Date, the Supplier must provide Premature Retirement Rights in respect of the Eligible Employees that are identical to the benefits they would have received had they remained employees of an NHS Body or other employer which participates automatically in the NHS Pension Scheme.
Effective as of the Employee Transfer Date, each Transferred Employee will become fully vested in his or her account balance(s) in the 908 Devices Inc.
Effective as of the Employee Transfer Date, the Purchasers must have, or must cause their Affiliates to have, in effect a defined contribution plan that is qualified under Section 401(a) of the Code and that includes a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code (the “Purchaser Retirement Plan”) in which each Transferred Employee who meets the eligibility criteria thereof will be eligible to participate.
The Seller will be solely responsible for all Liabilities for severance or similar compensation payable to any Offered Employee who receives and rejects a Qualifying Offer or any Continuing German Employee who voluntarily resigns employment with the Transferred Company on or prior to the Employee Transfer Date.
Where any Staff (including any Transferred Staff) omitted from the Direction Letter supplied in accordance with Part D of this Schedule 7 is subsequently found to be an Eligible Employee, the Supplier (or its Sub-contractor if relevant) will ensure that that person is treated as an Eligible Employee from the Employee Transfer Date so that their Pension Benefits and Premature Retirement Rights are not adversely affected.