Group Employees definition

Group Employees means, collectively, officers, directors and employees of the Group.

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Group Employees shall have the meaning set forth in Section 3.20(a).

Group Employees means all those employees of the Group set forth on Schedule 4.09(a) hereto. Each person listed on Schedule 4.09(a) shall be considered a "Group Employee".

Examples of Group Employees in a sentence

• References to Parent Group Employees, Former Parent Group Employees, SpinCo Group Employees, Former SpinCo Group Employees, and current and former nonemployee directors of either Parent or SpinCo shall be deemed to refer to their beneficiaries, dependents, survivors and alternate payees, as applicable.

• SpinCo shall be responsible for all ongoing rights of or relating to SpinCo Group Employees for future participation (including the right to make payroll deductions) in the SpinCo 401(k) Plan.

• Effective as of the Effective Time, the SpinCo Group shall assume responsibility for complying with, and providing coverage pursuant to, the health care continuation requirements of COBRA, and the corresponding provisions of the SpinCo Welfare Plans with respect to any SpinCo Group Employees or Former SpinCo Group Employees (and their covered dependents) who experience a qualifying event under the SpinCo Welfare Plans and/or the Parent Welfare Plans before, as of, or after the Effective Time.

• The Parent Group shall continue to be responsible for complying with, and providing coverage pursuant to, the health care continuation requirements of COBRA, and the corresponding provisions of the Parent Welfare Plans with respect to any Parent Group Employees and any Former Parent Group Employees (and their covered dependents) who experience a qualifying event under COBRA before, as of, or after the Effective Time.

• The Parent Group shall continue to be responsible for complying with, and providing coverage pursuant to, the health care continuation requirements of COBRA, and the corresponding provisions of the Parent Welfare Plans with respect to any Parent Group Employees and any Former Parent Group Employees (and their covered dependents) who incur a qualifying event under COBRA before, as of, or after the Effective Time.

• The SpinCo Group shall also determine for SpinCo Group Employees or Former SpinCo Group Employees (A) the extent to which established performance criteria (as interpreted by the SpinCo Group, in its sole discretion) have been met, and (B) the payment level for each SpinCo Group Employee or Former SpinCo Group Employee.

• Group Employees would get first consideration on a seniority basis, when in the judgment of the administration they are equally or better qualified than outside applicants.

• The Parent Group shall retain (or assume as necessary) all Liabilities with respect to any such bonus awards payable to Parent Group Employees or Former Parent Group Employees for any performance periods that are open when the Effective Time occurs and thereafter, and no member of the SpinCo Group shall have any obligations with respect thereto.

• Group Employees will be laid off in inverse order of seniority (least senior Employee first), provided the remaining Employees have the skill and ability to perform the work.

• The Parent Group shall also determine for Parent Group Employees or Former Parent Group Employees (A) the extent to which established performance criteria (as interpreted by the Parent Group, in its sole discretion) have been met, and (B) the payment level for each Parent Group Employee or Former Parent Group Employee.

More Definitions of Group Employees

Group Employees means those employees of the Group Companies and the Seller who are immediately prior to Closing employed in the Group (other than any specifically excluded by agreement with the Purchaser);

Group Employees means all Persons who (i) (x) have in the past provided or provide services to or have been used or are used in, the Business and (y) are or have been employed by a member of the Relevant Group (including i3 Verticals Management Services, Inc.), or (ii) are or have been employed by an Acquired Entity. For the avoidance of doubt, each Business Employee is also a Group Employee.