Employment Transfer Date definition

Employment Transfer Date means the thirtieth day after the day on which this paragraph comes into force; and

Employment Transfer Date shall have the meaning set forth in Section 10.1(c) of the Asset Transfer and Contribution Agreement.

Employment Transfer Date means the date on which the employment of a Transferring Employee (i) commences with the Purchaser or the relevant Designated Purchaser pursuant to this Agreement, or (ii) transfers to the Purchaser or the relevant Designated Purchaser pursuant to this Agreement, the CUCW Collective Labour Agreement and / or applicable law.

Examples of Employment Transfer Date in a sentence

• Immediately following the applicable Employment Transfer Date, Purchaser shall, or shall cause its Affiliates to, provide a cash retention award to each Transferred Business Employee who held Seller equity compensation awards that were forfeited pursuant to the terms of the applicable Benefit Plans in an amount equal to the fair market value of the portion of such Seller equity compensation awards so forfeited.

• Such cash retention award shall vest on the same terms and subject to the same conditions as applied to the forfeited Seller equity compensation award immediately prior to the applicable Employment Transfer Date.

• Effective as of the applicable Employment Transfer Date, the Liability in respect of bonus awards allocable to Transferred Business Employees in respect of the fiscal year in which the applicable Employment Transfer Date occurs under any Benefit Plan that is an annual bonus plan shall be assumed by Purchaser based on the accrual for such Transferred Business Employees as shown on the books and records of Seller Entities as of immediately prior to the applicable Employment Transfer Date.

• As soon as practicable after the applicable Employment Transfer Date, and in any event within ten (10) Business Days after the amount of the Transferred FSA Balances is determined, Seller shall pay Purchaser the net aggregate amount of the Transferred FSA Balances, if such amount is positive, and Purchaser shall pay Seller the net aggregate amount of the Transferred FSA Balances, if such amount is negative.

• Buyer will be responsible for providing COBRA coverage to or with respect to any New Employee who incurs a "qualifying event" after the Employment Transfer Date.

More Definitions of Employment Transfer Date

Employment Transfer Date means (a) with respect to Target Entity Employees, the Closing Date, and (b) with respect to Asset Employees who are Transferred Business Employees, except if earlier as required by operation of applicable Law, (i) the date on which an Active Employee’s employment with Seller and its Affiliates ends and the Active Employee becomes an employee of Purchaser or its Affiliates or (ii) for Inactive Employees, the later of (A) the date in clause (i), and (B) the date that such Inactive Employee is cleared to return to work as provided in Section 5.7(f) and commences active employment with Purchaser or its Affiliates. No provision of this Agreement shall be construed as precluding or prohibiting different Employment Transfer Dates with respect to Transferred Business Employees’ commencement of employment with Purchaser or its Affiliates.

Employment Transfer Date means the date from which a Participant is employed by an Employer Company immediately after that Participant’s employment with another Employer Company terminates;

Employment Transfer Date means (i) the Closing Date for each Business Employee (other than Subsequent Acquired Store Employees) who is working or scheduled to work on the Closing Date or is absent from work on account vacation or paid-time off, (ii) the date such Business Employee is scheduled to and does return to active employment for each Business Employee who is on leave of absence or short-term term disability, and (iii) the date the applicable Real Property Lease is assumed and assigned to Buyer in accordance with the Designation Rights Agreement for each Subsequent Acquired Store Employee.

Employment Transfer Date means (a) except as provided in clauses (b) and (c) hereof, the Benefits Transition Date, (b) in the case of any Outdoor Americas Employee or Former Outdoor Americas Employee who was transferred into the Outdoor Americas Business from the CBS Business following the Benefits Transition Date, the date such employee was designated by CBS as an Outdoor Americas Employee or (c) in the case of any Outdoor Americas Employee or Former Outdoor Americas Employee who was hired by the Outdoor Americas Business following the Benefits Transition Date, the date such Outdoor Americas Employee commenced employment with the Outdoor Americas Business.

Employment Transfer Date has the meaning set forth in Section 6.01(a).

Employment Transfer Date has the meaning ascribed to it in Section 9.01.

Employment Transfer Date has the meaning specified in Section 6.9(a). “Enforceability Exceptions” has the meaning specified in Section 3.2(b). “GAAP” means generally accepted accounting principles in the United States. “Governmental Authorizations” has the meaning specified in Section 6.3(a). “Governmental Entity” means any foreign, federal, state, local or other governmental, legislative, judicial, administrative or regulatory authority, agency, commission, board, body, court or entity or any instrumentality thereof or any self-regulatory body or arbitral body or arbitrator. “Indemnified Party” has the meaning specified in Section 9.3(a). “Indemnifying Party” has the meaning specified in Section 9.3(a). “Insurance Policies” means any and all insurance contracts, policies, certificates, binders, slips, covers or other agreements of insurance, including all supplements, riders and endorsements issued or written in connection therewith and extensions thereto, as to the Northeast Homeowners Lines, and issued, renewed, assumed, reinsured or written by or on behalf of Seller. For the avoidance of doubt, the Insurance Policies shall not include any insurance contracts, policies, certificates, binders, slips, covers or other agreements of insurance (a) as to commercial lines, (b) written outside the Territory or (c) not identified as constituting Northeast Homeowners Lines as defined herein. “Knowledge” means the actual knowledge, after reasonable inquiry, of those individuals listed (a) with respect to Seller, Seller Parent or UIM, on Section 1.1(a) of the Seller Disclosure Schedule, and (b) with respect to Purchaser and Purchaser Parent, on Section 1.1(a) of the Purchaser Disclosure Schedule. “Liability” or “Liabilities” means a liability, obligation, commitment, expense, claim or cause of action (of any kind or nature whatsoever, whether absolute, accrued, contingent or other, and whether known or unknown). “Liens” has the meaning set forth in Section 5.6(a). “Losses” means any damages, claims, losses, Liabilities, charges, Actions, suits, proceedings, deficiencies, Taxes, fees, assessments, interest, penalties and reasonable costs and expenses (including reasonable out-of-pocket attorneys’ fees and expenses), but excluding consequential, special, incidental, indirect or punitive damages, lost profits, diminution in value or similar items.