Shared Services Employees definition

Shared Services Employees has the meaning set forth in Section 2.5.
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Shared Services Employees means Employees whose services are performed for the Business as well as for other businesses conducted by any of the Seller Corporations or their Affiliates.
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Shared Services Employees. The employees who as of the date hereof are on the payroll, or treated as on the payroll, of the Business and who perform shared services to Affiliates of the Companies.
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Examples of Shared Services Employees in a sentence

  • For each month during the Period of Secondment, the amount of the Services Reimbursement payable by the General Partner with respect to such month shall be reduced by an amount equal to the aggregate Chesapeake Services Costs for all Shared Services Employees for such month.

  • When these Shared Services Employees are performing services for the Chesapeake Entities, the Chesapeake Entities will have the responsibility for the assignment of duties and supervision of these Shared Services Employees.

  • Notwithstanding anything contained herein, with respect to the Shared Services Employees, the General Partner shall have no obligation or liability with respect to Termination Costs arising out of or relating to the services provided by such Shared Services Employees to the Chesapeake Entities.

  • Subject to the above proviso and Section 2.4, individuals may be added to, removed from or designated as Shared Services Employees on the Seconded Employee Schedule from time to time by the execution by the Parties (other than COI and the Company) of a completed “Addition/Removal/Change of Responsibility of Seconded Employee” form, the form of which is attached to this Agreement as Exhibit B, which will be fully binding on the Parties for all purposes under this Agreement.

  • The UK Seller undertakes to use its reasonable efforts to secure the agreement of each of the UK Shared Services Employees to change the identity of their employer to Mellon Human Resources and Investor Solutions (Actuaries & Consultants) Limited before the Closing Date.

  • The Retained Client Employees and the Shared Services Employees shall continue their employment subject to the Retained Client Services and Protection Agreement after the Effective Closing Time.

  • Exelon shall remain solely responsible for administering and paying all benefits under the applicable long-term cash incentive plans and programs to all Exelon Employees, including Former Shared Services Employees who are considered Exelon Employees.

  • Following the Distribution Date, the Constellation Group shall be solely responsible for administering and paying all benefits under the applicable long-term cash incentive plans and programs to such Constellation Employees, including Former Shared Services Employees who are considered Constellation Employees.

  • In addition, an amount of liability will be transferred from the MBA to such Constellation VEBA in an amount equal to the accounts payable reflected on the financial statements as of the Distribution Date of each participating employer in the MBA which is a Constellation Group entity (but limited, with respect to such liabilities of Shared Services Employees, to those employees who are or become employees of a Constellation Group entity immediately before the Distribution Date.

  • Exelon shall remain solely responsible for administering and paying all benefits under the applicable severance plans, arrangements, policies or agreements to all Exelon Employees, including Former Shared Services Employees who are considered Exelon Employees.