Patriot Employee definition

Patriot Employee means each Person who, on the Distribution Date (a) is actively employed in the Transportation Business who is listed on the payroll records of any member of the Transportation Group, (b) is on short-term disability leave, authorized leave of absence, military service or lay-off with recall rights and who was last actively employed in the Transportation Business by any member of the Transportation Group, (c) is an inactive or former employee and who was last actively employed in the Transportation Business by any member of the Transportation Group, including any former employee who has been on long-term disability leave or unauthorized leave of absence or who has terminated his or her employment, retired or died on or before the Distribution Date, and, in each case, their respective beneficiaries and dependents or (d) is an individual set forth on Schedule 1.1(a)-1. Patriot Employees shall not include the individuals set forth on Schedule 1.1(a)-2.
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Patriot Employee means any individual who is employed by or will be employed by Patriot or any member of the Patriot Group, including active employees and employees on vacation and approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, short- or long-term disability leave, leave under the Family Medical Leave Act and other approved leave).
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Examples of Patriot Employee in a sentence

  • Patriot shall assume all responsibility for preparing and filing the Employee Withholding Documents with regard to wages paid to each Patriot Employee after the Close of the Distribution Date.

  • Patriot shall deposit the corresponding amount into the Patriot 401(k) Plan account of the affected Patriot Employee as soon as administratively feasible following receipt.

  • Notwithstanding the foregoing, Patriot (or its affiliate) shall not be required to credit any Patriot Employee or Subsequent Patriot Employee with any vacation or time-off accrual to the extent that a benefit attributable to such accrual is retained and provided by the PEC Group.

  • With respect to Patriot Employees who are not Patriot Senior Management Employees, the annual incentive shall be determined based in part on the portion of the 2007 calendar year the Patriot Employee is employed with the PEC Group and in part on the portion of the 2007 calendar year the Patriot Employee is employed with the Patriot Group.

  • The Patriot Retiree Medical Program shall not recognize the PEC Group service of any Patriot Employee or Subsequent Patriot Employee who earned a benefit under the PEC Retiree Medical Allowance in such a manner that such service recognition would result in duplication of the retiree medical allowance benefits earned under the PEC Retiree Medical Allowance.

  • In addition, the Patriot Group agrees to notify the PEC human resources department of the termination of employment of any Patriot Employee who previously was a PEC Employee and participated in a PEC Stock Plan as soon as administratively feasible after such individual’s separation from service with the Patriot Group.

  • Patriot (or its affiliate) shall credit each individual who becomes a Patriot Employee as of the Distribution Date and each Subsequent Patriot Employee with the amount of accrued but unused vacation time (including banked vacation time) and other time-off benefits as such Patriot Employee or Subsequent Patriot Employee had with the PEC Group as of the Distribution Date or, if later, his or her date of transfer from the PEC Group to the Patriot Group.

  • Section 3.02(c) of the Patriot Disclosure Schedule sets forth a complete and correct list, as of the Representation Date, of the number of Paired Shares subject to Patriot Employee Stock Options.

  • At the close of business on the Representation Date, there were no outstanding stock options, stock appreciation rights or rights (other than employee stock options or other rights ("Patriot Employee Stock Options") to purchase or receive Patriot Common Stock granted under the Patriot Stock Plans) to receive shares of Patriot Common Stock on a deferred basis granted under the Patriot Stock Plans or otherwise.