Parent Employees definition
Examples of Parent Employees in a sentence
Parent does not know of any activities or proceedings of any labor union to organize any Parent Employees.
Parent is not presently, nor has it been in the past, a party to, or bound by, any collective bargaining agreement or union contract with respect to Parent Employees and no collective bargaining agreement is being negotiated by Parent.
No later than the Effective Time, the Parent Group shall continue to retain (or assume as necessary) any incentive plan for the exclusive benefit of Parent Employees and Former Employees, whether or not sponsored by the Parent Group, and, from and after the Effective Time, shall be solely responsible for all Liabilities thereunder.
The Parent Group shall retain (or assume as necessary) all Liabilities with respect to any such bonus awards payable to Parent Employees or Former Employees for any performance periods that are open when the Effective Time occurs and thereafter, and no member of the Varex Group shall have any obligations with respect thereto.
References to Parent Employees, Varex Employees, Former Employees, and current and former non-employee directors of either Parent or Varex, shall be deemed to refer to their beneficiaries, dependents, survivors and alternate payees, as applicable.