Material Employee definition

Material Employee means any Person, including any employee, officer or director of the Company or any Company Subsidiary, that earned or was paid in any twelve (12) month period two hundred and fifty thousand dollars ($250,000) or more, for services rendered in any capacity to the Company or any Company Subsidiary during the past two (2) years.

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Material Employee means any employee, consultant or contractor of the Company or any of its Subsidiaries earning or entitled to earn $100,000 or more per year, inclusive of any salary, bonus, incentive or special remuneration or other form of compensation.

Material Employee means any Prospective Employee with a current annual base salary of at least $200,000 or with a title of “director” or above.

Examples of Material Employee in a sentence

• As a consequence of Employee’s acquisition or anticipated acquisition of Confidential Material, Employee shall occupy a position of trust and confidence with respect to the affairs and business of Company.

• All items described in the foregoing sentence are defined herein as "Confidential Material." Employee further acknowledges that the Confidential Material has been developed or acquired by the Employer through expenditure of substantial time, effort and money, and that the Confidential Material provides Employer with an advantage over competitors.

• Such list correctly states for each Material Employee the date of his/her service or employment contract and the nature and date of all ancillary agreements, amendments, side letters, waivers and similar documents, if any (such contracts are hereinafter referred to as the "Material Personnel Contracts").

• Neither the Company nor any of its Subsidiaries has made any plan or commitment, which plan or commitment is binding on the Company or its Subsidiaries, to establish any new Material Employee Benefit Plan or to modify any Material Employee Benefit Plan in any material respect (except as required by Law or to conform any such Employee Benefit Plan to the requirements of any applicable Law, in each case as previously disclosed to Parent or Purchaser in writing, or as required by this Agreement).

• Seller’s and its Affiliates’ relationships with individuals in the Material Employee Jurisdictions who act on their own as contractors or as other service providers with respect to the Business can be terminated at any time for any reason without any amounts being owed to such individuals, other than with respect to compensation or benefits accrued before the notice of termination.

More Definitions of Material Employee

Material Employee means a director or officer or other employee of any Group Company who is (i) entitled to a base salary of more than £70,000 (or equivalent) per annum, (ii) a member of the Group’s senior leadership team and/or (iii) has material responsibility for the Group’s design and/or manufacture activities, as carried on by the Group at Completion;

Material Employee means any person employed by the Group in the Prohibited Business at Completion whose annual remuneration equals or exceeds $150,000 per annum and each of [***];

Material Employee means any Prospective Employee with a current annual base salary of at least $135,000.

Material Employee means any Employee whose base annual salary is in excess of £100,000 (or local currency equivalent);

Material Employee means any employee who receives or is eligible to receive total cash remuneration on an annual basis of at least $250,000;

Material Employee means an employee of any Group Company whose basic salary is in excess of US$150,000 per annum;

Material Employee. , means any employee who receives or is eligible to receive total cash remuneration on an annual basis of at least $250,000;