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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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 Seller Entities shall use commercially reasonable efforts to retain each Critical Employee until such time as he or she becomes a Transferred Employee or Buyer or its designee determines that such Critical Employee will not become a Potential Transferred Employee.

  • The Purchaser shall be solely responsible for offering and providing COBRA continuation coverage (“COBRA Coverage”) with respect to any Potential Transferred Employee or other “qualified beneficiary” who is covered by a Company Benefit Plan that is a “group health plan” (as defined under COBRA) and who experiences a qualifying event on, after or prior to the Closing.

  • Purchaser shall have no obligation of any kind to offer employment or otherwise with respect to any employee of the Company who is not a Potential Transferred Employee and each such employee shall remain an employee of the Company unless otherwise agreed in writing by Purchaser.

  • If any Potential Transferred Employee does not accept Buyer’s or its designee’s offer of employment, then the Seller Entities shall use their reasonable best efforts to provide a substitute employee with comparable skills, experience and qualifications, mutually agreed upon with Buyer, who will accept Buyer’s or its designee’s offer of employment and such employee may be interviewed and hired by Buyer or its designee as if such employee was initially identified as an Eligible 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.

Related to Potential Transferred Employee

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • New employee means a Full-Time Employee first employed by the Company in the Project and who is hired on or after the Effective Date of this Agreement.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • Former Employee means all individuals (including common law employees, independent contractors and individual consultants) who were employed or engaged by the Company in connection with the Business but who are no longer so employed or engaged on the date hereof.

  • U.S. Employee means a person who is an employee of the Company (or of any Subsidiary) for purposes of section 422 of the Code.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Protected Employee means any employee of the Company or an Affiliate who was employed by Company or an Affiliate at any time within six (6) months prior to the termination of Grantee’s employment for any reason or any earlier date of an alleged breach by Grantee of the restrictions in Section 17 hereof.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

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

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;

  • Contract employee means a probationary faculty employee or a grant- funded employee hired on a year-to-year basis in accordance with Education Code 87470.

  • Designated Employees means a person occupying any of the following position in the Company:

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Permanent Employee means an employee in the classified service who has successfully completed a probationary period.

  • Current Employee has the meaning set forth in Section 7.8(a).