Former Seller Employees definition

Former Seller Employees has the meaning set forth in Section 6.3(c).
Sample 1
Former Seller Employees has the meaning set forth in Section 7.
Sample 1
Former Seller Employees has the meaning assigned in Section 8.01(f).
Sample 1

Examples of Former Seller Employees in a sentence

  • To the extent that Parent and or Purchaser hire individuals who were employed by Seller as of the Closing Date ("Former Seller Employees"), Seller hereby agrees that it shall cause the accounts, if any, of such Former Seller Employees in Seller's 401(k) Plan to be distributed as provided by Code Section 401(k)(10)(A)(ii).

  • Unused vacation pay which has been accrued as of the Closing Date by any Former Seller Employees shall be paid to such employees by Seller on or before the Closing Date if required by Seller’s policies or applicable law.

  • With respect to Former Seller Employees eligible to make rollover contributions into a Buyer’s Employee Benefit Plan, Buyer will permit such rollovers on the usual terms and conditions applicable under the Buyer’s Employee Benefit Plan, and Seller will take such actions as Buyer may reasonably request to facilitate such rollovers.

  • No Seller Benefit Plan is a "voluntary employees beneficiary association" (within the meaning of Section 501(c)(9) of the Code) and there have been no other "welfare benefit funds" relating to Seller Employees or Former Seller Employees within the meaning of Section 419 of the Code.

  • Buyer shall be responsible for furnishing and filing of Forms W-2 only for compensation Buyer pays to Former Seller Employees after the Closing Date.

  • Cooperation with Inspector General.Pursuant to Subsection 20.055(5), F.S., the Contractor, and any subcontractors to the Contractor, understand and will comply with their duty to cooperate with the Commission’s Inspector General in any investigation, audit, inspection, review, or hearing.

  • Purchaser shall be responsible for causing the Companies and the Companies’ Subsidiaries to satisfy all Liabilities related to Affected Employees, Former Seller Employees, Affected Benefit Plans (with respect to the portion thereof transferred pursuant to this Section 7.1), and Companies Multiemployer Welfare Benefit Plans, whether such Liabilities relate to periods prior to, on or after the Closing Date.

  • The Parties shall coordinate with each other as to the issuance of any incentive payment to Former Seller Employees or Seller’s employees that would be in the best interest of Xxxxx and Seller.

  • Buyer shall not object or prevent any Former Seller Employees, as defined in Section 8.01(f), from performing such duties for Seller and Holding Company as may be necessary for Seller and Holding Company to complete the liquidation of their business.

  • Seller has accrued on its books and records all obligations for salaries, vacations, benefits and other compensation with respect to its Seller Employees and any of its Former Seller Employees (as defined below), to the extent required by GAAP, including, but not limited to, severance, bonuses, incentive and deferred compensation, and all commissions and other fees payable to salespeople, sales representatives and other agents.


More Definitions of Former Seller Employees

Former Seller Employees means any Seller employees that provided services to Seller in connection with the Programs at any time within six (6) months prior to the Closing Date.
Sample 1
Former Seller Employees has the meaning ascribed to it in Section 7.2(a).
Sample 1

Related to Former Seller Employees

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

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Transferred Employees has the meaning set forth in Section 6.4(a).

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

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Retained Employees has the meaning set forth in Section 6.1.1.

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

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

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

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

  • Servicer Employees As defined in Section 2.12.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Union Employees has the meaning set forth in Section 6.12(a).

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.

  • Current Employees has the meaning set forth in Section 5.6(a).

  • 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.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • Excluded Employees has the meaning set forth in Section 14.1.