Indemnified Employees definition

Indemnified Employees means all present and former directors, managers, officers, employees and agents of the Company and all present or former directors, managers, officers, employees, agents or trustees of any Benefit Plan, and the term “Indemnified Employee” means any one of the foregoing Indemnified Employees.
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Indemnified Employees shall have the meaning assigned to such term in Section 8.4(a)
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Indemnified Employees shall have the meaning set forth in Section 6.6(a).
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Examples of Indemnified Employees in a sentence

  • The obligations of Reorganized AOLA LLC to indemnify the Indemnified Employees shall be funded, to the extent necessary, by the Liquidating LLC.

  • The obligations of the Debtors to indemnify the Indemnified Employees shall be deemed and treated as executory contracts and shall be assumed by the Debtors (and, if such contract is assumed by a Debtor other than AOLA, assigned to Reorganized AOLA LLC) pursuant to the Plan and section 365 of the Bankruptcy Code as of the Effective Date.

  • Nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person other than Purchaser, Parent, or their respective successors or permitted assigns, any legal or equitable rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement; provided, that, notwithstanding the foregoing, in the event the Closing occurs, the Indemnified Employees are intended third-party beneficiaries of, and shall be entitled to the protections of, Section 5.1.

  • During the transition to rainy NR-RR conditions, the 1 km-layer cloud coverage is generally lower compared to the NR-NR mode, where before 06 LT the NR-NR cloud occurrence rarely exceeds 15%.

  • Save as disclosed above, none of the other Directors has any material interest in the transactions contemplated under the Finance Lease Framework Agreement and therefore, none of them has abstained from voting on such Board resolution.

  • If an Affiliate of a current Partner, a former Partner, an Affiliate of a former Partner or their respective Indemnified Employees are entitled to be indemnified, held harmless or defended under Sections 3.6(c), 7.3(c) and/or 10.2, then such Affiliate (other than an Indemnified Employee) or such former Partner may exercise and administer such right of indemnity, hold harmless and defense on behalf of itself, its Affiliates and their respective Indemnified Employees as if it were a Partner hereunder.

  • Such provisions shall not be modified or amended, except as required by law, unless such modification or amendment expands the rights of the Indemnified Employees, or provides equivalent rights as in effect on the Closing Date, to indemnification (including with respect to contribution, advancement of expenses and the like).

  • This Section 8.4 shall indefinitely survive the Closing Date and is intended to benefit the Company and the Indemnified Employees, shall be binding on all successors and assigns of the Company and shall be enforceable by the Indemnified Employees.

  • The parties acknowledge and agree that the provisions of this Section 6.8 are primarily for the benefit of the Indemnified Employees and the Indemnified Employees shall have third-party beneficiary rights under this Section 6.8 and shall be entitled to enforce their rights hereunder.

  • The Lessee shall comply with and keep its business license valid at all times.


More Definitions of Indemnified Employees

Indemnified Employees has the meaning set forth in Section 11.2(a).
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Indemnified Employees shall have the meaning ascribed to such term in Section 5.11(a). "Indemnity Claim" shall have the meaning ascribed to such term in Section 7.3(d).
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Indemnified Employees means the individuals who were officers, directors and employees of PPRX or PRXA on or prior to the Closing.
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Related to Indemnified Employees

  • Specified Employees has the meaning set forth in Section 8.6.

  • Specified Employee means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of the Company if any stock of the Company is publicly traded on an established securities market or otherwise.

  • Qualified employment position means a permanent full-time

  • Qualified employee means an individual who:

  • Qualified employer means the federal government.

  • Classified employee means an employee in the classified service, or an employee currently on leave from the classified service in accordance with established Merit Rules governing leave.

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Qualified individual with a disability means an individual with a disability who satisfies the requisite skill, experience, education and other job-related requirements of the employment position such individual holds or desires, and who, with or without reasonable accommodation, can perform the essential functions of such position.

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

  • Separation from Service means a “separation from service” with the Company within the meaning of Section 409A of the Code and the Department of Treasury regulations and other guidance promulgated thereunder.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Includible Compensation means an Employee’s actual wages in box 1 of Form W-2 for a year for services to the Employer, but subject to a maximum of $245,000 (or such higher maximum as may apply under section 401(a)(17) of the Code) and increased (up to the dollar maximum) by any compensation reduction election under section 125, 132(f), 401(k), 403(b), or 457(b) of the Code (including any Elective Deferral under the Plan). Beginning in 2009 and thereafter, such term also includes any “differential pay” that may be received from the Employer while performing qualified military service under section 414(u) of the Code. The amount of Includible Compensation is determined without regard to any community property laws.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

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

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Protected Employees means employees of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date.

  • Current Compensation means all regular wage, salary and commission payments paid by the Company to a Participant in accordance with the terms of his or her employment, but excluding annual bonus payments and all other forms of special compensation.

  • Protected individual ’ means an individual who (A) is a citizen or national of the United States, or (B) is an alien who is lawfully admitted for permanent residence, is granted the status of an alien lawfully admitted for temporary residence under 8 U.S.C. § 1160(a) or 8 U.S.C. § 1255a(a)(1), is admitted as a refugee under 8 U.S.C. § 1157, or is granted asylum under Section 8 U.S.C. § 1158; but does not include

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Designated Employer Representative (DER) means a designated school district representative authorized to take immediate action to remove employees from safety-sensitive duties, to make required decisions in the testing and evaluation process, and to receive test results and other communications for the school district.

  • Designated Employees means a person occupying any of the following position in the Company:

  • Ceased employment means anyone who has exited the organisation for whatever reason, including resignations, redundancies and dismissals.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.