Permitted Employee definition
Examples of Permitted Employee in a sentence
Except pursuant to the Permitted Employee Compensation Plan, no Party previously has paid or entered into any other commitment to pay, whether orally or in writing, any employee of any other Party, directly or indirectly, any consideration, compensation or benefits, monetary or otherwise, in connection with the transactions contemplated in the Transaction Documents.
A person who is not a party to this Agreement including a Permitted Employee has no right to enforce of any of its terms, and there are no third party beneficiaries to this Agreement.
Ibis Employees shall be employees at will, subject to ▇▇▇▇▇▇’▇ employment policies and nothing herein shall be construed to limit ▇▇▇▇▇▇’▇ ability to (a) terminate or alter the employment terms of any Ibis Employee for any reason, including without cause, or (b) modify, amend or terminate any employee benefit plan, policy or arrangement, except that neither Abbott nor AMI nor Ibis may make any material amendment to the terms and provisions of the Permitted Employee Compensation Plan.
On or immediately prior to the Closing, Seller shall terminate the employment of each Permitted Employee who has accepted employment with Buyer as of the Closing.
Buyer shall have the option to offer employment to any Permitted Employee, which employment shall commence as of the Closing.
Prior to gaining access to the Software, each Permitted Employee must execute a legally binding written agreement with Contractor (“Employee Agreement”).
M Holdings shall provide reasonable notice to Cargill prior to any Permitted MAC Trust Redemption and shall provide notice to Cargill on a quarterly basis of all Permitted Employee Redemptions that occurred during such quarter.
Nothing in this Agreement, express or implied, shall create a contract of employment with any Ibis Employee or a third party beneficiary relationship or otherwise amend or create any employee benefit plan of AMI or Ibis or confer any benefit, entitlement, or right upon any person or entity other than the parties hereto or result in AMI or Ibis having any liability under any Plan (other than Ibis’ liability with respect to the Permitted Employee Compensation Plan).
Notwithstanding anything to the contrary set forth herein, including without limitation, the right to disclose Confidential Information of ARQULE set forth in Section 5.2 and the rights to publish set forth in Section 5.3, DS shall in no event disclose any Mechanism of Inhibition Information, except for disclosure to Permitted Employee.
Permitted Stock Issues shall mean: (a) the issuance of shares of Series A Common Stock in consideration of the payment of the fair market value thereof on the date of issuance as determined in good faith by the Company's board of directors; (b) the issuance of options (the "Permitted Employee Stock Options") to key employees (other than members of the Managing Group (excluding Jose▇▇ ▇.