Transferred Company Employee definition

Transferred Company Employee means any individual listed on Section 1.1(x) of the Seller Disclosure Schedule. Notwithstanding the foregoing, (a) no individual receiving long-term disability benefits shall be a Transferred Company Employee and (b) no EEI Employee as of the Closing Date shall be a Transferred Company Employee.
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Transferred Company Employee means an individual who is, immediately before the Closing, employed by any of the Transferred Companies or their respective Subsidiaries (including any employees on short-term or long-term disability or other leaves of absence).
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Transferred Company Employee shall have the meaning set forth in Section 6.10(a).
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Examples of Transferred Company Employee in a sentence

  • Seller shall cause each individual who would be a Transferred Company Employee but for the fact that he or she was on long-term disability leave on the Closing Date to continue to be eligible for disability benefits under the applicable Benefit Plan as in effect as of the date hereof unless and until such individual ceases to be disabled within the meaning of the applicable Benefit Plan as in effect on the date hereof.

  • Notwithstanding the foregoing, in the event that Parent or one of its Affiliates is required under applicable Law to make a payment in settlement of accrued vacation or paid time off of any Transferred Company Employee, Purchaser shall reimburse and hold harmless Parent and its Affiliates for such payment to the extent such liability was reflected on the Closing Statement or Adjusted Closing Statement, as the case may be.

  • IPH will offer or cause an Affiliate to offer employment to each individual who would be a Transferred Company Employee but for the fact that he or she was on long-term disability leave on the Closing Date and who is able to return to active employment within 180 days following the Closing Date (any such individual, a “Leave Employee”) on terms of employment substantially consistent with this Article VI.

  • Any Transferred Company Employee who becomes disabled (within the meaning of the applicable long-term disability plan of the Parent) while covered by such plan on or prior to the Welfare Plan Transition Period End Date shall be eligible for benefits under the terms of such plan.

  • Commencing immediately upon the Closing Date, IPH shall cause the Transferred Company or its Subsidiaries to continue the employment of each Transferred Company Employee and each EEI Employee.

  • If the employment of a Transferred Company Employee who is eligible for a Retention Payment is terminated prior to the payment date, prior to any payment, Purchaser shall notify Parent of the circumstances of such termination and Parent shall determine whether any Retention Payment is payable and shall direct Purchaser whether or not to pay any such amount.

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  • The Pre-Closing Bonuses shall be determined by Parent, in its sole discretion, in accordance with the terms of the applicable Parent annual incentive bonus plan in which the applicable Transferred Company Employee is eligible to participate as of the date hereof (if any) and/or any individual agreement entered into between Parent or one of its Affiliates and such Transferred Company Employee prior to the date hereof.

  • If the employment of a Transferred Company Employee who is potentially eligible for a Pre-Closing Bonus is terminated prior to February 3, 2008, Purchaser shall notify Parent of the circumstances of such termination and Parent shall determine whether any Pre-Closing Bonus is payable and shall direct Purchaser whether or not to pay any such bonus.

  • No Transferred Company Employee participates in a plan that has two or more contributing sponsors at least two (2) of whom are not under common control, within the meaning of Section 4063 of ERISA.


More Definitions of Transferred Company Employee

Transferred Company Employee means each current or former employee of any of the Transferred Companies.
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Transferred Company Employee means any individual who is a current or former employee of the Parent or any Parent Subsidiary and whose employment is transferred from Parent or any Parent Subsidiary to Company or any Company Subsidiary on or prior to the Effective Date or within three hundred sixty five days after the Effective Date. A Transferred Company Employee also includes any individual who is on a leave of absence approved by Parent or Parent Subsidiary and who is approved by the Company to commence employment with the Company or any Company Subsidiary upon completion of the leave of absence.
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Transferred Company Employee means any individual listed on Section 1.1 (x) of the Seller Disclosure Schedule. Notwithstanding the foregoing, (a) no individual receiving long- term disability benefits shall be a Transferred Company Employee and (b) no EEl Employee as of the Closing Date shall be a Transferred Company Employee.
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Transferred Company Employee has the meaning set forth in Section 7.3.
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Transferred Company Employee is defined in Section 4.6(a).
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Related to Transferred Company Employee

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

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

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

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

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

  • 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.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement 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 or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

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

  • Company Employee Agreement means each management, employment, severance, retention, transaction bonus, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between: (a) any of the Company Entities or any Company Affiliate; and (b) any Company Associate, other than any such Contract that is terminable “at will” (or following a notice period imposed by applicable Legal Requirements) without any obligation on the part of any Company Entity or any Company Affiliate to make any severance, termination, change in control or similar payment or to provide any benefit.

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

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

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

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

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

  • 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.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

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

  • 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.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

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

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.

  • Current Employees has the meaning set forth in Section 5.6(a).

  • 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.