Examples of Separated Employee in a sentence
If you have been designated as a Separated Employee, MSD will provide you with a separation letter (the “Separation Letter”) that will describe the Special Separation Program benefits for which you are eligible and include a release of legal claims against Merck and its subsidiaries and affiliates, including the Employer, and may also include other terms, such as non-solicitation and non-competition provisions, as MSD in its sole discretion decides to include.
For purposes of this Section 7.3(b), a “Competitive Business” is any business that competes with the applicable Employer by selling or distributing in the same retail, institutional or wholesale markets healthcare products and/or services offered by the business segment(s) in which the Separated Employee worked within the three (3) years prior to the Separated Employee’s termination by an Employer.
For example, a Separated Employee with ten years and 7 months of service will be credited with eleven years of service for purposes of determining his or her severance pay.
A Separated Employee with ten years and 4 months of service will be credited with ten years of service for purposes of determining his or her severance pay.
The Hussmann Funded Welfare Plan and the Hussmann Welfare Trust shall, as of the Welfare Effective Date, assume all Liabilities whatsoever arising (before, on or after the Welfare Effective Date) under the Xxxxxxx Funded Welfare Plan or the Xxxxxxx Welfare Trust, respectively, at any time with respect to each and every Hussmann Separated Employee.
In addition, in order to receive any severance payments under this subsection, a Separated Employee must work until the termination date specified by ONB or any of its subsidiaries.
If you have been designated as a Separated Employee, the Company will provide you with a separation letter (the “Separation Letter”) that will describe the Special Separation Program benefits for which you are eligible and include a release of legal claims against the Company, and may also include other terms, such as non-solicitation and non-competition provisions, as the Company in its sole discretion decides to include.
Hussmann and the Hussmann Subsidiaries shall be solely liable and responsible for all Liabilities whatsoever to each and every Hussmann Separated Employee with respect to the Hussmann Welfare Benefit Plans or the Hussmann Welfare Trust at any time.
The Midas Funded Welfare Plan and the Midas Welfare Trust shall, as of the Welfare Effective Date, assume all Liabilities whatsoever arising (before, on or after the Welfare Effective Date) under the Xxxxxxx Funded Welfare Plan or the Xxxxxxx Welfare Trust, respectively, at any time with respect to each and every Midas Separated Employee.
Credit will be given for partial years of service by rounding up a Separated Employee with a fractional year of service of six months of service or more to the next full year and rounding down any Separated Employee with a fractional year of service that is less than six months of service.