Preexisting ITT Employees definition

Preexisting ITT Employees means persons actively employed by the ITT Group immediately prior to the Distribution; and persons who are absent from work to the ITT Group immediately prior to the Distribution by reason of layoff, leave of absence or disability.
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Preexisting ITT Employees means persons actively employed by the ITT Group immediately prior to the Distribution; and persons who are absent from work to the ITT Group immediately prior to the Distribution by reason of layoff, leave of absence or disability. “Records” has the meaning set forth in Article 13 of this Agreement. “RSUs” has the meaning set forth in Article VII of this Agreement. “Schedule” or “Schedules” means the Schedules Relating to Benefits and Compensation Matters Agreement, dated as of October 25, 2011, among ITT Corporation, Exelis Inc. and Xylem Inc., as they may be amended from time to time. “Subsidiary” has the meaning set forth in the Distribution Agreement. “Tax Matters Agreement” has the meaning set forth in the Distribution Agreement. “Tax” has the meaning set forth in the Tax Matters Agreement. Table of Contents
Sample 1

Examples of Preexisting ITT Employees in a sentence

  • Schedule 4(a)(iii) lists each defined contribution plan applicable to Preexisting ITT Employees (the “Non-US DC Plans”).

  • Schedule 5(a)(i) lists each health and welfare plan applicable to Preexisting ITT Employees (the “US H&W Plans”).

  • Schedule 3(a)(i) lists each defined benefit pension plan applicable to Preexisting ITT Employees (the “US Qualified DB Plans”).

  • Schedule 4(a)(ii) lists each defined contribution plan applicable to Preexisting ITT Employees (the “US Non-Qualified DC Plans”).

  • As soon as practicable on or after the execution of this Agreement, ITT, Water and Defense shall use their reasonable best efforts to enter into, or have in place, an employment agreement with each of the Preexisting ITT Employees listed on Schedule 1(d) attached hereto, which employment agreements shall become effective on the Close of the Distribution Date.

  • All Preexisting ITT Employees employed by legal entities that became legal entities of ITT following the Distribution Date shall be ITT Employees.

  • All Preexisting ITT Employees employed by legal entities that became legal entities of Water following the Distribution Date shall be Water Employees.

  • Schedule 4(a)(i) lists each defined contribution plan applicable to Preexisting ITT Employees (the “US Qualified DC Plans”).

  • As described in Section 5.1 of the Distribution Agreement and agreed to by ITT, Defense and Water, none of ITT, Water or Defense shall solicit or hire Preexisting ITT Employees for such period following the Effective Time as specified therein, without receiving the written consent of the affected prior employer.

  • All Preexisting ITT Employees employed by legal entities that became legal entities of Defense following the Distribution Date shall be Defense Employees.

Related to Preexisting ITT Employees

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • Current Employees has the meaning set forth in Section 5.6(a).

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Excluded Employees has the meaning set forth in Section 14.1.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Retained Employees has the meaning set forth in Section 6.1.1.

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

  • Permanent Employees means all employees who are not casual employees, or employees working in a long-term supply assignment, as defined below.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Other Employees means, all the employees other than the Directors, KMPs and the Senior Management Personnel.

  • Relevant Employees means the employees who may be affected by a change referred to in subclause (1).

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

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

  • 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.

  • 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:

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

  • Prospective employee means any individual who has committed to become an employee of the Company within sixty (60) days from the date an Award is granted to such individual.

  • Returning Employees means those persons listed in a schedule to be agreed by the Parties prior to the end of the Contract Period who it is agreed were employed by the Contractor (and/or any Sub-Contractor) wholly or mainly in the supply of the Services immediately before the end of the Contract Period.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.

  • 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.

  • Union Employees has the meaning set forth in Section 6.12(a).

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Key Employees means Xxxxx Xxxxxxx and Xxxxxxx Xxxxxxx.

  • 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.