Replacement Employment definition

Replacement Employment means a similar or better position with a company at a location no more than 50 miles from the Headquarters, provided that the base salary, or base salary and target bonus, for such position is equal to or greater than the Executive’s Base Salary under this Employment Agreement (as increased pursuant to Section 3.1) at the time of his termination of employment with the Company.
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Replacement Employment means a similar or better position with a company at a location no more than 50 miles from either the Headquarters or the Executive’s principal residence in California, provided that the base salary, or base salary and target bonus, for such position is equal to or greater than the Executive’s Base Salary under this Employment Agreement (as increased pursuant to Section 3.1) at the time of his termination of employment with the Company.
Sample 1

Examples of Replacement Employment in a sentence

  • Frankfort First shall, with respect to each of the Frankfort First Executives who is a party to a Frankfort First Existing Employment Agreement, use its best efforts to cause them to enter into a Frankfort First Replacement Employment Agreement.

  • Frankfort First shall have delivered to First Federal, with respect to each of the Frankfort First Executives who have Frankfort First Existing Employment Agreements in effect on the Closing Date, a Frankfort First Replacement Employment Agreement in each case dated as of the Closing Date and executed on behalf of the Bank by a duly authorized officer and by the appropriate Frankfort First Executive.

  • Employee shall submit to Company payroll records and/or any other records reasonably requested by Company showing all compensation received by Employee from the Replacement Employment as a condition of Company’s payment of Non-Competition Period Payments covering any period of time when Employee performs work for compensation.

  • The Bank shall, with respect to each of the First Northern Executives who is a party to a First Northern Existing Employment Agreement, use its best efforts to cause them to enter into a First Northern Replacement Employment Agreement; provided, however, that the First Northern Existing Employment Agreement of the chief executive officer of First Northern shall be retained subject to the provisions of Section 7.2(h) hereof.

  • Except with respect to First Northern's chief executive officer and up to two additional First Northern Executives, First Northern shall have delivered to Mutual, with respect to each of the First Northern Executives who have First Northern Existing Employment Agreements in effect on the Closing Date, a First Northern Replacement Employment Agreement in each case dated as of the Closing Date and executed on behalf of the Bank by a duly authorized officer and by the appropriate First Northern Executive.

  • Pursuant to Section 3.11 of this Agreement, the Bank shall have offered to each of the First Northern Executives who have a First Northern Existing Employment Agreement a First Northern Replacement Employment Agreement, in each case dated as of the Closing Date, except as contemplated by Section 7.2(h).

  • Closing Certificate Exhibit 2 - Form of Blackhawk Counsel Opinion Exhibit 3 - [Reserved] Exhibit 4 - Form of DunC Replacement Employment Agreement Exhibit 5 - Form of DunC Closing Certificate Exhibit 6 - Form of DunC Counsel Opinion Exhibit 7 - Form of DunC Closing Capital Calculation AGREEMENT AND PLAN OF MERGER THIS AGREEMENT AND PLAN OF MERGER is made as of this 17th day of March, 2003 by and among BLACKHAWK BANCORP, INC.

  • First Northern Replacement Employment Agreement" shall mean an employment agreement in substantially the form of Exhibit 4 attached to this Agreement, to be entered into at the Closing and to be effective as of the Effective Time, by and between the Bank and any one or more of the First Northern Executives, all as provided in Section 3.11 of this Agreement.

  • At the execution of this Agreement, the ---------------------- DunC Executives and the Bank shall, with respect to each of the DunC Executives other than Dxxxxx Xxxxx, enter into a DunC Replacement Employment Agreement.

  • Frankfort First Replacement Employment Agreement" shall mean an employment agreement in substantially the form of Exhibit 4 attached to this Agreement, to be entered into at the Closing and to be effective as of the Effective Time, by and between the Bank and any one or more of the Frankfort First Executives, all as provided in Section 3.11 of this Agreement.

Related to Replacement Employment

  • Replacement employee is an employee specifically engaged to replace an employee proceeding on parental leave.

  • Active Employment means you must be actively at work for the Sponsor:

  • Supported employment means the ongoing supports to participants who, because of their disabilities, need intensive ongoing support to obtain and maintain an individual job in competitive or customized employment, or self-employment, in an integrated work setting in the general workforce at or above the state’s minimum wage or at or above the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals without disabilities. The outcome of this service is sustained paid employment at or above the minimum wage in an integrated setting in the general workforce in a job that meets personal and career goals. Supported employment services can be provided through many different service models.

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

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • 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.

  • Client employer means an Employer that is involved in a Tri-Party Employment Relationship due to obtaining the services of a third-party entity.

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

  • Prior Employment Agreement has the meaning set forth in the recitals hereto.

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

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which an individual is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Suitable employment or "suitable job" means employment or a job:

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

  • Parent Employee means, a current employee of Parent or any of its Subsidiaries.

  • 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.

  • Post-Employment Period is defined in Section 8.2.

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

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