Transferred Employee definition

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

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Transferred Employee shall have the meaning set forth in Section 11.1.

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

Examples of Transferred Employee in a sentence

• Within 60 days following the Closing Date, Seller or the applicable Seller Party shall pay to each Transferred Employee a pro-rated annual bonus with respect to the portion of Seller’s fiscal year in which the Closing Date occurs that elapses prior to the Closing Date (the “Seller Pro-Rata Bonus”), as described in the next sentence.

• At or prior to the Closing, Parent shall cause the Transferred Entity to pay to each Transferred Employee any accrued but unpaid cash incentive compensation (including sales commissions) payable under any Transferred Entity Benefit Plan or Parent Group Benefit Plan in effect as of Closing (“Cash Incentive Compensation”) for any fiscal year completed prior to the Closing.

• In addition, Section 7.4(h) of the Seller Disclosure Letter sets forth each Transferred Employee who holds a Seller equity or equity-based award, including the dollar-denominated value of each such award held by the Transferred Employee and the vesting schedule of each such award.

• In addition, for a period of at least one year immediately following the Closing, Buyer shall provide, or shall cause one of its Affiliates to provide, to each Transferred Employee severance protections and benefits that are at least as favorable as those provided to such Transferred Employee immediately before the Closing.

• Within five Business Days following the Closing, Buyer shall grant to each Transferred Employee set forth in Section 7.4(h) of the Seller Disclosure Letter a cash-based long-term incentive award with a value equal to the corresponding award value set forth in Section 7.4(h) of the Seller Disclosure Letter, and such award shall vest and be paid to the Transferred Employee in accordance with the terms and conditions set forth in Section 7.4(h) of the Seller Disclosure Letter.

More Definitions of Transferred Employee

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

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

Transferred Employee means a person referred to in subclause (4) who, immediately before becoming a Commission employee, was employed for an indefinite period in the Public Service.

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 and each Delayed Business Employee who, as of the applicable Delayed Closing (or, in each case, if applicable, such later date that such employee commences employment with the Purchaser or one of its Affiliates), has received an offer of employment from the Purchaser or one of its Affiliates pursuant to Section 7.06(b), and has accepted such offer (or has not expressly rejected such offer) and assumed employment with the Purchaser or its Affiliate.

Transferred Employee means (i) those Employees who accept an offer of employment by, and commence employment with, the Purchaser or a Designated Purchaser in accordance with the terms of Section 7.1 or Section 7.2, and (ii) those Employees whose employment transfers by operation of Law.

Transferred Employee is defined in Section 5.5(a)(2).