Leased Employees definition

Leased Employees has the meaning set forth in Section 6.5 hereof.

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Leased Employees means any individuals who meet the definition of “leased employee” in Section 414(n) of the Internal Revenue Code, as amended and related regulations.

Leased Employees has the meaning set forth in Section 3.22.

Examples of Leased Employees in a sentence

• During the Employee Lease Period, the TSA shall govern the Parties’ responsibility with respect to the compensation, benefits or other amounts payable to or on behalf of the Leased Employees.

• At Closing, Seller shall terminate the employment of all such employees, except for the Leased Employees.

• Purchaser’s employment of all Continuing Employees who are not Leased Employees shall begin as of the Closing, and Purchaser’s employment of the Leased Employees shall begin no later than the end of the Employee Lease Period (as defined in the TSA) in accordance with the terms and conditions set forth in the TSA.

• During the Employee Lease Period, the TSA shall govern the Parties’ responsibility with respect to the satisfaction of claims with respect to the Leased Employees.

• Purchaser shall offer employment, on an “at will” basis, to all such employees, including, for the avoidance of doubt, the Leased Employees, so long as such employees satisfactorily meet Purchaser’s bona fide requirements for onboarding and background checks (all such individuals who accept such offers and commence employment, the “Continuing Employees”).

More Definitions of Leased Employees

Leased Employees has the meaning given in Section 4.6(b).

Leased Employees means any person (other than an employee of the recipient) who pursuant to an agreement between the recipient and any other person ("leasing organization") has performed services for the recipient (or for the recipient and related persons determined in accordance with Section 414(n)(6) of the Code) on a substantially full-time basis for a period of at least one year, and such services are performed under the primary direction or control of the recipient employer. Contributions or benefits provided a Leased Employee by the leasing organization which are attributable to services performed for the recipient employer shall be treated as provided by the recipient employer.

Leased Employees means the contractor uses employees from an employee-leasing firm of a professional employer organization, as defined at 39-8- 102, MCA. These employees are presumably covered with workers' compensation and unemployment insurance through the leasing company.

Leased Employees has the meaning set forth in Section 2.1.

Leased Employees means those individuals described in Section ---------------- 414(n)(2) of the Code employed by the Company or any Affiliate; provided, however, if such individual employees constitute 20% or less of such non-highly compensated work force of the Company or any Affiliate then the term "Leased Employees" means only those individuals who are not covered by a plan described in Section 414(n)(5) of the Code.

Leased Employees means those persons listed in Schedule M, as may be revised from time to time.

Leased Employees. Any Leased Employee treated as an Employee under Section 1.31 of the Plan, is: (Choose (h) or (i))