Owner Employees definition

Owner Employees means the employees of the Owner engaged in operating and maintaining the System prior to the date of this Contract as are to be transferred to the Operator pursuant to the Employee Transfer Agreement;
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Owner Employees has the meaning set forth in Section 4.2(f) (Operator Responsibilities – Employment Evaluations).
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Examples of Owner Employees in a sentence

  • Subject to compliance with Gaming Laws and in accordance with the Budget, as agent of Owner, Operator shall direct the hiring of, supervise, direct the work of, direct the discharge of and advise regarding the compensation and other benefits of all Owner Employees working in the Hotel, in conformity with all applicable personnel policies of Owner.

  • In accordance with the Budget, the salaries, other compensation and benefits of the Owner Employees shall be either paid by Owner or paid by Operator’s check and reimbursed to Operator by Owner, depending upon which procedure Operator and Owner agree is more feasible.

  • If the Plan provides contributions or benefits for one or more Owner- Employees who control one or more other trades or businesses, the employees of the other trades or businesses must be included in a plan which satisfies Sections 40 1 (a) and (d) of the Code and which provides contributions and benefits not less favorable than provided for Owner- Employees under this Plan.

  • Operator shall in no way be liable to Owner Employees or to Owner for any and all claims for wages, compensation or other benefits (including, without limitation, severance, pension, superannuation, retirement and termination pay) asserted by or on behalf of the Owner Employees; provided however, that Operator, and not Owner, shall be liable for all of the foregoing in connection with Operator Employees.

  • For this purpose, an Owner-Employee, or two or more Owner- Employees, shall be treated as owning any interest in a partnership which is owned, directly or indirectly, by a partnership controlled by such Owner- Employee or such Owner-Employees.

  • For purposes of the preceding sentence, an Owner Employee, or two or more Owner Employees shall be treated as owning any interest in a partnership which is owned, directly or indirectly, by a partnership which such Owner Employee, or such two or more Owner Employees, are considered to control within the meaning of the preceding sentence.

  • For purposes of this Section, an Owner-Employee, or two or more Owner- Employees, shall be considered to control a trade or business if such Owner- Employee, or such Owner-Employees together, (i) own the entire interest in an unincorporated trade or business, or (ii) in the case of a partnership, own more than 50 percent of either the capital interest or the profits interest in such partnership.

  • If the Plan provides contributions or benefits for one or more Owner Employees who control one or more other trades or businesses, the Employees of the other trades or businesses must be included in a Plan which satisfies Code Sections 401(a) and (d) and which provides contributions and benefits not less favorable than provided for Owner Employees under this Plan.

  • If the Plan provides contributions or benefits for 1 or more Owner- Employees who control one or more other trades or businesses, the employees of the other trades or businesses must be included in a Plan which satisfies Sections 401(a) and (d) of the Code and which provides contributions and benefits not less favorable than provided for Owner- Employees under this Plan.

  • For purposes of the preceding sentence, an Owner-Employee, or two or more Owner-Employees, shall be treated as owning any interest in a partnership which is owned, directly or indirectly, by a partnership which such Owner-Employee, or such two or more Owner- Employees, are considered to control within the meaning of the preceding sentence.

Related to Owner Employees

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.

  • Retained Employees has the meaning set forth in Section 6.6(a).

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Transferred Employees has the meaning set forth in Section 6.4(a).