Potential Transferred Employee definition

Potential Transferred Employee shall have the meaning ascribed to it in the Employee Matters Agreement.
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Potential Transferred Employee shall have the meaning set forth in Section 9.8(a).
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Potential Transferred Employee means each employee whose employment with the Company is anticipated, as a result of the consummation of this Agreement, as being terminated and who is anticipated to become, as of the Closing Date, an employee of Buyer, and the term "Transferred Employee" means each Potential Transferred Employee who in fact becomes an employee of Buyer.
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Examples of Potential Transferred Employee in a sentence

  • There are no claims pending, or to the Seller’s knowledge, threatened to be brought, in any governmental forum by any Potential Transferred Employee for compensation, pending severance benefits, vacation time or pay, pension benefits, claims for employment discrimination, harassment, unfair labor practices, grievances, wrongful discharge, or otherwise.

  • Seller is not a party to any pending or, to the Seller’s knowledge, threatened, labor dispute, including any strike, work stoppage, or work slowdown with any Potential Transferred Employee.

  • In addition, in the event a Potential Transferred Employee does not become a Transferred Employee (as defined below), the relevant Seller Entity shall, and Parent and the Seller Entities shall cause Genclonn to, pay severance to the Potential Transferred Employee as required under applicable Law.

  • Seller has provided to Buyer access to and directed Buyer to the location of true, correct and complete copies of each current Benefit Plan, and information concerning title, current base salary rate, accrued bonus, accrued sick leave, accrued severance pay and accrued vacation benefits of each Potential Transferred Employee.

  • The Purchaser shall have no obligation of any kind to offer employment or otherwise with respect to any employee of the Seller who is not a Potential Transferred Employee.

  • The Company shall provide Purchaser such information in the possession of the Company or its Affiliates relating to each Potential Transferred Employee as Purchaser may reasonably request in connection with its employment of such individuals, including initial employment dates, termination dates, reemployment dates, hours of service, information relating to FMLA leave as of the Closing Date, compensation and tax withholding history and such information shall be true and correct in all material respects.

  • Parent and the Seller Entities agree that for purposes of Section 6.5 of this Agreement, each Potential Transferred Employee shall be deemed to be an employee of Buyer regardless of whether such individual becomes a Transferred Employee.

  • The Seller shall provide the Buyer all information relating to each Potential Transferred Employee as the Buyer may reasonably require in connection with its employment or engagement of such individuals, including initial employment dates, termination dates, reemployment dates, hours of service, compensation and tax withholding history in a form that shall be usable by the Buyer and such information shall be true and correct in all respects.

  • If a Potential Transferred Employee declines Buyer's offer of employment commencing as of the Closing Date, Buyer agrees that either (i) it shall not hire such individual at any time during the first six (6) months after the Closing Date or (ii) if Buyer does hire such individual during the first six (6) months after the Closing Date, Buyer shall reimburse Seller, or shall cause such individual to reimburse Seller, for any and all cash severance pay received by such individual from Seller.

  • The Buyer shall have no obligation of any kind to offer employment to any employee of the Seller who is not a Potential Transferred Employee.