HBI Employee definition
Examples of HBI Employee in a sentence
To the extent permitted by law, HBI (or the appropriate HBI Affiliate) shall claim all Tax deductions arising by reason of the payment (or inclusion in income) of compensation the receipt of which was deferred by an HBI Employee prior to the Distribution Date, the payment of which will occur after the Distribution Date, and the obligation to make such payment is assumed by HBI in connection with the Restructuring and Distribution.
To the extent permitted by law, HBI (or the appropriate HBI Affiliate) shall claim all Tax deductions arising by reason of the grant or vesting of Employee Restricted Stock, and by reason of exercises of Employee Stock Options, at the time such Tax deduction can be claimed, provided that such Employee Restricted Stock or Employee Stock Option is then held by an HBI Employee.
In the event any active or former HBI Employee exercises his or her right, if any, to purchase a Leased Vehicle from the third party lessor, S▇▇▇ ▇▇▇ shall, subject to the satisfaction of all conditions required for such purchase by such employee and HBI, effect such purchase pursuant to the terms of S▇▇▇ ▇▇▇’▇ executive auto program and the PHH Agreements.
In the event any active or former HBI Employee exercises his or her right, if any, to purchase a Leased Vehicle from the third party lessor, ▇▇▇▇ ▇▇▇ shall, subject to the satisfaction of all conditions required for such purchase by such employee and HBI, affect such purchase pursuant to the terms of ▇▇▇▇ ▇▇▇’▇ executive auto program and the PHH Agreements.