Otherwise employed definition

Otherwise employed is defined as “the Executive is receiving W-2 wages as a full-time employee in an executive level financial position (i.e., CFO, VP Finance, Controller) at a corporate office, or division, or an entity other than the Company”. • Executive is responsible for notifying Company as soon as practicable as to his acceptance of such employment in an effort to minimize Company’s costs associated with this Agreement. • Additional pay to cease upon the day prior to the Executive’s first day of work when becoming “otherwise employed” as defined above. Other: • Terms of this agreement shall continue to any successor corporation of the Company. • Executive agrees to make himself available for a period of one year from the date of this Agreement, to assist the Company with legal matters, if called upon to do so, within reasonable geographical boundaries and not to interfere with Executives then employer relationship. Executive to be compensated for his time and reimbursed for any out of pocket costs associated with his efforts on behalf of the Company. • Governing law is the State of Washington. • Both parties agree to settle disputes via Commercial Arbitration Rules of the American Arbitration Association to be conducted in King County, Washington. • Amendments to this agreement must be in writing and mutually accepted. Agreed to by: Captaris, Inc. Executive /s/ Xxxxx X. Xxxxxxxx /s/ Xxxxxxx X. xxXxxxxx Xxxxx X. Xxxxxxxx Xxxxxxx X. xxXxxxxx President and CEO 6/27/03 6/27/03 Date Date TRANSITION OBJECTIVES ADDENDUM Transition objectives: • Transition files and office to new CFO, assuming on board in the timeframe contemplated by this agreement. Facilitate introductions to finance staff and other personnel if asked to do so. • Transition Secretary of Corporation responsibilities on interim basis to Manager of Legal Affairs. • Prepare detailed plan to transition signers at banks and other institutions – to be carried out by new CFO and other Company personnel. • Assist as needed, or cause others in department to assist as needed, with planning for ERP system upgrade. • Assist with evaluation and negotiation of purchase of Get Paid software – implementation will be managed by new CFO and existing IT professionals. • Complete or cause to be completed an evaluation of budget to actual results with respect to operating expenses – to be measured by the presentation by the director of finance, assisted by Executive, at the meeting targeted for June 5, 2003. • Support CEO level ...

Examples of Otherwise employed in a sentence

  • Deposits All funds of the Corporation not Otherwise employed shall be deposited from time to time to the credit of the Corporation in such banks, trust companies or other depositories as the Board of Directors may select, or as may be selected by an Officer or agent of the Corporation authorized to do so by the Board of Directors.

Related to Otherwise employed

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Professional employee means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • 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.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • 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.

  • Affiliated Employer means any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes the Employer; any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Employer; any organization (whether or not incorporated) which is a member of an affiliated service group (as defined in Code Section 414(m)) which includes the Employer; and any other entity required to be aggregated with the Employer pursuant to Regulations under Code Section 414(o).

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Self-employed INDIVIDUAL An individual who has Earned Income for the taxable year from the trade or business for which the Plan is established including an individual who would have had Earned Income but for the fact that the trade or business had no net profits for the taxable year. 1.23

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • Regular Part-Time Employee means an employee who is appointed to a regularly scheduled position but works less than full-time. A regular part-time employee is entitled to all benefits outlined in the agreement on a pro rata basis, except where otherwise specified.

  • Retired Employee means an employee of the state who retired after April 29, 1971,

  • Leased Employee means any person (other than an Employee of the recipient Employer) who, pursuant to an agreement between the recipient Employer and any other person or entity ("leasing organization"), has performed services for the recipient (or for the recipient and related persons determined in accordance with Code §414(n)(6)) on a substantially full time basis for a period of at least one year, and such services are performed under primary direction or control by 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. Furthermore, Compensation for a Leased Employee shall only include compensation from the leasing organization that is attributable to services performed for the recipient Employer.

  • Transferring Employee means an employee at the airport who timely transfers to the regional authority by the transfer date.

  • SpinCo Employee means any individual who, immediately following the Distribution Date, will be employed by Spinco or any member of the Spinco Group in a capacity considered by Spinco to be common law employment, including active employees and employees on vacation and approved leaves of absence (including maternity, paternity, family, sick, short-term or long-term disability leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves).