Transferred Entity Employee definition

Transferred Entity Employee means any employee employed by any Transferred Entity.

Transferred Entity Employee means each employee of a Transferred Entity as of immediately prior to the Closing (including any such employee who is on sick leave, military leave, vacation, holiday, short-term or long-term disability or other similar leave of absence).

Transferred Entity Employee means a Business Employee employed by any Acquired Company, but solely in respect of the period commencing on the Closing Date.

Examples of Transferred Entity Employee in a sentence

• Upon and subject to the Closing, Seller shall pay to each Transferred Entity Employee a cash amount in respect of any unused vacation accrued through December 31, 2014 under the applicable plan of Seller.

• Purchasers shall provide Sellers a list of Transferred Entity Employees employed by either a Transferred Entity or an Affiliate of Purchasers as of December 1, 2015 and shall be obligated to notify Sellers of any resignation or expected resignation of a Transferred Entity Employee prior to December 15, 2015.

• No payment or benefit which is or may be made or provided by, from or with respect to any Benefit Plan in connection with the transactions contemplated by this Agreement to any Transferred Entity Employee constitutes an “excess parachute payment” under Section 280G of the Code.

• Section 6.1(a) of the Seller Disclosure Letter sets forth the name and title of each Transferred Entity Employee employed in the United States, and Seller will, following the date hereof, update such list to add Transferred Entity Employees employed outside the United States (and will make reasonable best efforts to so update the list within 15 days following the date hereof).

• For the avoidance of doubt, Buyer shall not be required to make individual offers of employment to a Transferred Entity Employee, and Seller and Buyer acknowledge that applicable Law provides for the automatic transfer of the employment of Transferred Entity Employees upon the purchase of the Transferred Interests and JV Interests.

More Definitions of Transferred Entity Employee

Transferred Entity Employee means each employee (including any employee on an approved leave of absence) of a Transferred Entity as of immediately prior to the Closing.

Transferred Entity Employee means each employee of a Transferred Entity as of immediately prior to the Closing, including any such employee who is on sick leave, military leave, vacation, holiday, short-term or long-term disability or other similar leave of absence; provided that, for purposes of Section 4.11, Section 4.12 and Section 6.4, “Transferred Entity Employee” shall mean any employee of any Transferred Entity during the period referenced in the respective section (or, for purposes of Section 4.11 and Section 4.12, if no period is so referenced therein, as of the date hereof and as of immediately prior to the Closing).

Transferred Entity Employee means each individual who is an employee of a Transferred Entity as of immediately prior to the Closing Date.

Transferred Entity Employee means each employee employed by a Transferred Entity as of immediately prior to the Closing.

Transferred Entity Employee means each individual who is an employee of a Transferred Entity as of immediately prior to the Closing Date and each employee set forth on Section 1.01(g) of the Seller Disclosure Schedule.

Transferred Entity Employee means each employee (including any employee on an approved leave of absence) of a Transferred Entity as of the date of this Agreement.

Transferred Entity Employee means each employee employed by a Transferred Entity as of immediately prior to the Closing. “Transition Services Agreement” shall mean the Transition Services Agreement to be entered into by and between Parent and Potters Industries,LLC at or prior to the Closing, substantially in the form of Exhibit B hereto, with such changes as may be mutually agreed upon between the partieshereto.