Examples of New Ceridian Employee in a sentence
At or before the Effective Time, New Ceridian shall, or shall cause its Subsidiaries to, employ or continue to employ each New Ceridian Employee who, at the time such action is taken, is actively employed.
Any employment agreement between the Corporation and a New Ceridian Employee shall, as of the Effective Time and subject to any contrary provisions of such agreement, be deemed to be assigned to New Ceridian.
Subject to the provisions of Section 7.2, New Ceridian shall be liable to pay any severance benefits to which a Former New Ceridian Employee or a New Ceridian Employee is entitled under the severance plan, if any, in effect with respect to the Former New Ceridian Employee or New Ceridian Employee on the date his or her employment terminates, whether before or after the Effective Time.
As of the Effective Time, New Ceridian shall assume and be solely responsible for all employer Liabilities arising from or related to any individual deferred compensation agreement with a New Ceridian Employee or Former New Ceridian Employee, and the Corporation shall retain and be solely responsible for all employer Liabilities arising from or related to any individual deferred compensation agreement with an Arbitron Employee or Former Arbitron Employee.
Not later than the Effective Time, New Ceridian shall, or shall cause its Subsidiaries to, employ or continue to employ and continue the status of a New Ceridian Employee on approved medical, non-medical, short-term disability or long-term disability leave of absence as of the Effective Time and shall recall, reinstate or terminate the employment of any such employee in accordance with the New Ceridian policies in effect from time to time.
The Corporation and New Ceridian intend that the transactions contemplated by this Agreement and the Distribution Agreement shall not constitute a termination of employment of any New Ceridian Employee or Arbitron Employee.
New Ceridian shall credit each New Ceridian Employee with such personal days off accrual and with any sick leave reserve for such employee under the Corporation's prior sick leave program.
No New Ceridian Employee, Former New Ceridian Employee, Arbitron Employee or Former Arbitron Employee (or his/her spouse, domestic partner, dependent or beneficiary), or any other person not a party to this Agreement, shall be entitled to assert any claim under this Agreement.
Any Arbitron Option held by (i) a Former Arbitron Employee or Former New Ceridian Employee who was entitled to continue benefits as a retired employee of the Corporation following his or her termination of employment, (ii) a retired non-employee director of the Corporation, (iii) the successors of an individual who is deceased, or (iv) a former director of ABR Information Services, Inc.
Except as otherwise provided in Section 5.5, each Arbitron Option held by a person other than a New Ceridian Employee or a New Ceridian director, consultant or independent contractor, whether or not exercisable as of the Effective Time, shall be adjusted in accordance with the following rules.