Transferred Employee definition
Examples of Transferred Employee in a sentence
Effective as of the Closing, the existing employment agreement executed by such Transferred Employee with India Seller or Global SSC, as applicable, shall stand terminated, and such Transferred Employee will be governed by the Employee Transfer Agreement and any separate employment agreement executed by such Transferred Employee and the Buyer.
Each employment agreement entered into between the Buyer and a Transferred Employee shall contain terms and conditions of employment no less favorable in the aggregate than the terms and conditions of employment provided by the India Seller or Global SSC, as applicable, immediately prior to the Closing Date with respect to such Transferred Employee (including salary, bonus and non-equity incentive compensation, benefits, location and other terms of employment).