Transferred Employee definition

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

Transferred Employee has the meaning set forth in Section 7.1.

Transferred Employee has the meaning set forth in Section 4.12(b).

Examples of Transferred Employee in a sentence

• Seller and its Subsidiaries shall be solely responsible for complying with the WARN Act (and for any failures to so comply) as a result of any action by Seller or any of its Subsidiaries on or prior to the Closing Date, or following the Closing, with respect to any employee who does not become a Transferred Employee for any reason.

• As soon as administratively practicable after the Closing Date, Buyer shall grant to each Transferred Employee who holds a Seller Equity Award that is unvested (in whole or in part) as of the Closing Date, an award of cash or equity granted under Buyer’s equity-based compensation plan, in each case that has an Equivalent Value to the unvested portion of the Seller Equity Award (a “Replacement Award”).

• With respect to any Seller Benefit Plan providing for adoption assistance, relocation benefits, and/or executive physical examinations, Seller shall, on or as soon as reasonably practicable following the Closing, reimburse each Transferred Employee for any accrued but unreimbursed expenses and, for the avoidance of doubt, any Liabilities or obligations with respect to such Seller Benefit Plans shall be Excluded Liabilities.

• With respect to any Company Plan providing for retention, sign-on or similar bonuses, Buyer shall assume all outstanding Liabilities and obligations of Seller and its Affiliates to each Transferred Employee under any such Company Plan solely to the extent such Liabilities and obligations (and the employer portion of any payroll taxes payable in respect thereof) are fully accrued as a Liability in the calculation of the Final Closing Indebtedness Amount.

• In respect of any accrued but unused paid time off of a Transferred Employee in excess of eighty (80) hours, Seller or its Affiliates shall make a payment to such Transferred Employee on or as soon as reasonably practicable following the Closing Date equal to such excess accrued but unused paid time off.

More Definitions of Transferred Employee

Transferred Employee has the meaning set forth in Section 8.7(a)(i).

Transferred Employee shall have the meaning ascribed to such term in Section 5.7(a).

Transferred Employee means an Employee who has accepted an offer of employment from the Purchaser and who commences employment with the Purchaser on or after the Closing Date.

Transferred Employee shall have the meaning set forth in Section 5.05(d).

Transferred Employee shall have the meaning set forth in Section 2.3 hereof.

Transferred Employee means each Business Employee who as of the Closing Date is an employee of a Business Company or becomes an employee of Buyer, an Affiliate of Buyer or a Business Company by operation of Law.

Transferred Employee is defined in Section 8.6.1.