Target Business Employee definition

Target Business Employee means any of them;
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Target Business Employee means (i) any current or former employee of any of the Target Companies or any of their Subsidiaries, or (ii) any current or former employee or other service provider of Parent Seller or any of its Subsidiaries that engaged primarily in providing services to or with respect to the Target Business.
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Target Business Employee. Refers to the employee set forth in Article 1.2 of Part 1 and Part 2 of Annex 4.”
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Examples of Target Business Employee in a sentence

  • Save as otherwise agreed with that Seller (such agreement not to be unreasonably withheld), the offer to be made will be on the same terms and conditions (including as to period of continuous employment) as were provided to that Target Business Employee immediately prior to the Closing Date.

  • The German Target does not have a works council (Betriebsrat) and no Target Business Employee is represented by any labor union, works council, economic committee or any other labor representative.

  • Neither Parent Seller nor any of its Subsidiaries has engaged in any unfair labor practice with respect to the Target Business that would reasonably be expected to result in material liability to the Target Companies and there are no complaints against Parent Seller or any of its Subsidiaries pending before the National Labor Relations Board or any similar state, local or foreign labor agency by or on behalf of any Target Business Employee.

  • In addition, Parent Seller shall cause the employment of any Target Business Employee that is employed by a Target Company or one of its Subsidiaries that is not in active service and on disability or other leave of absence as of the Closing Date to be transferred, to Parent Seller or one of its Subsidiaries other than a Target Company, effective as of no later than the Closing Date.

  • No Target Business Employee is entitled to a gross-up, make-whole or indemnification payment with respect to taxes imposed under Section 409A or Section 4999 of the Code under any Target Benefit Plan.

  • Section 4.12(a) of the Sellers Disclosure Schedule separately identifies each Target Benefit Plan that covers any Target Business Employee employed or providing services to the Target Companies outside the United States (a “Target Foreign Benefit Plan”).

  • Each Target Business Employee that is classified as a consultant, independent contractor or freelancer has entered into a written Contract with the applicable Target Company or with Parent Seller or one of its Subsidiaries, which written contract or form of written contract, as applicable, is listed on Section 4.13(c) of the Sellers Disclosure Schedule.

  • Section 4.12(b) of the Sellers Disclosure Schedule separately identifies each Parent Benefit Plan that covers any Target Business Employee employed or providing services to the Target Companies outside the United States (a “Parent Foreign Benefit Plan” and together with the Target Foreign Benefit Plans, the “Company Foreign Benefit Plans”).

  • No action, suit, proceeding, hearing, or investigation with respect to the administration or the investment of the assets of any such Target Business Employee Benefit Plan (other than routine claims for benefits) is pending or, to the Knowledge of Remy, Sellers or the Subsidiaries, threatened.

  • With respect to each Target Business Employee who is not an Active Employee (an “Inactive Employee”), CFPI, in accordance with applicable Law and any applicable collective bargaining agreement, shall make offers of employment (which shall include CFPI’s compliance with CFPI’s covenants set forth in this Section 5(h)) to each such Inactive Employee, effective as of the date on which such Inactive Employee presents himself or herself to CFPI for active employment following the Closing.


More Definitions of Target Business Employee

Target Business Employee. It refers to the person listed in Article 1.2 of Part I, Article 1.2 of Part II and Article 1.2 of Part IV of Annex IV.
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Target Business Employee means (a) each current employee of Seller that, as of the Closing, is primarily engaged in the Target Business, other than the individuals set forth on Section 1(e) of the Disclosure Schedule, and (b) each individual who, as of the Closing Date, was an employee of Seller, and, as of the last day of such employee’s employment with Seller, was primarily engaged in the Target Business.
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Related to Target Business Employee

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

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

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

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

  • Contract employee means an employee performing services under a PEO services contract or temporary help services contract.

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

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

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

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

  • 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.

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

  • 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.

  • 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.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

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

  • SpinCo Employee has the meaning set forth in the Employee Matters Agreement.

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

  • Bona fide employee means a person, employed by a bidder and subject to the bidder's supervision and control as to time, place, and manner of performance, who neither exerts, nor proposes to exert improper influence to solicit or obtain contracts nor holds out as being able to obtain any contract(s) through improper influence.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • 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.

  • Restricted Employee means any person who was a director, employee or consultant of the Company at any time within the Relevant Period who by reason of that position and in particular his seniority and expertise or knowledge of Confidential Information or knowledge of or influence over the clients, customers or contacts of the Company is likely to cause damage to the Company if he were to leave the employment of the Company and become employed by a competitor of the Company;