Examples of Inactive Employees in a sentence
Inactive Employees who are no longer Access Persons under the Code will not be subject to the Code for the duration of such period of inactivity.
Active and Inactive Employees: The discounted value of health benefits likely to be paid for active and inactive employees after their retirement was computed using the assumptions outlined on the following pages and was reduced by the value of normal costs to be paid for service after the valuation date.
Appendix A identifies any Inactive Employees, the reason they are on leave and their scheduled return date, if known.
Purchased Subsidiary Employees and Business Employees who accept such offer of employment and who actually commence employment with Buyer (or a Subsidiary of Buyer) shall collectively be the “Transferred Employees”; provided that Inactive Employees shall not be considered a Transferred Employee until such Inactive Employee actually commences active employment with Buyer (or a Subsidiary of Buyer).
Except as specified otherwise in this Agreement and subject to applicable law, Mead Johnson shall assume all Liabilities with respect to workers’ compensation claims incurred (A) prior to, on and after the Separation Date by Mead Johnson Employees of the Transferred Entities, (B) on or after the Return Date by Mead Johnson Inactive Employees and (C) on or after the Separation Date by all other Mead Johnson Transferred Employees.