Purchased Subsidiary Business Employee definition

Purchased Subsidiary Business Employee means any individual (other than a TSA Employee or Philippines Employee) who, as of immediately prior to the Applicable Transfer Time, is Employed by a Purchased Subsidiary.
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Purchased Subsidiary Business Employee means any individual who, as of immediately prior to the Effective Time, is Employed by a Purchased Subsidiary.
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Examples of Purchased Subsidiary Business Employee in a sentence

  • Notwithstanding anything in this Agreement to the contrary, solely for purposes of this Section 9.11 with respect to a Purchased Subsidiary Business Employee who, as of the Closing Date, is receiving short-term or long-term disability benefits under a Seller Welfare Plan, such employee shall continue to receive such benefits under such Seller Welfare Plan until the date that such employee returns to employment.

  • Buyer shall (or shall cause its Subsidiaries or the applicable Third-Party Employer to) (i) continue the employment at and after the Applicable Transfer Time of each Purchased Subsidiary Business Employee and (i) within a reasonable period of time (but not fewer than fifteen (15) Business Days) prior to the Closing Date, make a Qualifying Offer to each Non-TSA Business Employee commencing as of the Applicable Transfer Time.

  • Buyer shall (or shall cause its Subsidiaries to) (i) continue the employment at and after the Applicable Transfer Time of each Purchased Subsidiary Business Employee and (ii) within a reasonable period of time (but not fewer than 15 Business Days) prior to the Closing Date, make an offer to employ each Non-ARD Business Employee commencing as of the Applicable Transfer Time with Buyer, one of its Subsidiaries or a Purchased Subsidiary, in each case on the terms set forth in this Article 9.

  • Each Purchased Subsidiary Business Employee devotes a majority of his or her working time to performing services on behalf of the Business or a Purchased Subsidiary.

Related to Purchased Subsidiary Business Employee

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

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

  • Group Business Entity means;

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Transferred Entities means the entities set forth on Schedule 1.5.

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

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

  • Acquired Subsidiary or “Acquired Subsidiaries” means one or more, as applicable, Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

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

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

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

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Seller Affiliate means any Affiliate of Seller.

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

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • Target Group means the Target and its Subsidiaries.

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Target Companies means the Company and its Subsidiaries.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.