Newco Employees definition

Newco Employees means employees of Newco Service Company.

Newco Employees has the meaning set forth in Section 5.15.

Newco Employees shall have the meaning set forth in the form of Employee Matters Agreement.

Examples of Newco Employees in a sentence

• From the Effective Time until December 31, 2001, Newco and the Surviving Corporation shall provide employee benefits under employee benefit plans to the employees and former employees of PNU and Monsanto and their respective Subsidiaries (the "Newco Employees") that are in the aggregate no less favorable than those provided to such persons pursuant to the employee benefit plans of each of Monsanto and PNU in effect on the date hereof (excluding equity and equity-based compensation).

• Following such purchase, the Newco Employees will participate in compensation and employee benefit plans and arrangements of the Company, Newco Service Company, CEGPS or Affiliates of CEGPS.

• The Parties agree to, and agree to cause the Company to, cooperate and work together in good faith to prepare for the transition, as soon as reasonably practicable, of the Newco Employees from participating in the compensation and employee benefit plans and arrangements of Crestwood and its Affiliates to participating in compensation and employee benefit plans and arrangements of the Company, Newco Service Company, CEGPS or Affiliates of CEGPS.

• Such pro-rata portion shall be determined by multiplying (i) the cost actually incurred by Ainge in making such payments to eligible Newco Employees under the applicable cash incentive or sales commissions plans for the applicable performance period in which the Closing occurs by (ii) a fraction, the numerator of which is the number of days elapsed in the applicable performance period through the Closing Date and the denominator of which is the total number of days in the applicable performance period.

• Newco Service Company does not have any liabilities other than, following the consummation of the transactions contemplated by Section 5.15, liabilities relating to compensation or benefits of the Newco Employees or other immaterial liabilities incidental to the employment of the Newco Employees.

More Definitions of Newco Employees

Newco Employees has the meaning set forth in the Transaction Agreement.

Newco Employees has the meaning ascribed in the Comcast Employee Matters Agreement.

Newco Employees means all employees of the Company and its Subsidiaries at the Effective Time, other than the Part D Employees.

Newco Employees means all current employees and consultants of the Company listed on Schedule 1.1(a) hereto and employees and consultants hired after the date of the Merger Agreement and before the Effective Time engaged primarily in the Newco Business.

Newco Employees has the meaning set forth in Article IX of the Employee Matters Agreement.

Newco Employees means the active employees of the Containerboard Business on the Closing Date who become employees of Newco or one of its subsidiaries immediately following the Transaction.

Newco Employees shall have the meaning set forth in Section --------------- 6.8(a).