Examples of Transitional Employee in a sentence
Except as otherwise provided in SCHEDULE VI, SBCL will reimburse ActaMed for certain direct compensation and benefit costs incurred by ActaMed with respect to each Transferred Employee during the Transitional Employee Leasing Arrangement period (as hereinafter defined, the "Employee Costs").
For purposes of this Section 7.14(a), a Transitional Employee's "Existing Severance Payment" includes only the severance pay that Seller has agreed to provide to such Transitional Employee upon the termination of such person's employment with Seller and does not include any severance pay --- that Buyer or DoveBid may, in its sole and absolute discretion, agree to provide to such Transitional Employee upon the termination of such person's employment with Buyer or DoveBid, as applicable.
With respect to Transitional Employees, commencing with the approval of the Procedures Order and until the end of the Pre-Closing Period, Buyer may evaluate Transitional Employees for purposes of identifying those Employees to whom Buyer would like to make offers of employment, and Buyer may at any time, in its sole discretion, offer (contingent upon the completion of the Pre-Closing Period) employment to any such Transitional Employee (also a "Transferred Employee").
Moneyline shall remit payment for such Transitional Employee costs no later than thirty (30) days after the date of the invoice.
Reuters shall invoice Moneyline on the first day of each month in advance for Transitional Employee costs.
In consideration for the Transitional Employee Services, SHO shall pay to Service Provider the fees and cost reimbursements set forth on Appendix A (collectively, the “Transitional Service Fee”), in the manner set forth on Appendix A.
Any Seller Personnel, other than any Transitional Employees, who receives and accepts an offer of employment from Purchaser is hereinafter referred to as a “Transferred Employee.” At the Closing, Seller shall terminate each Transferred Employee and Transitional Employee and Purchaser’s offers of employment shall become effective immediately upon such termination by Seller.
You shall continue as a Transitional Employee until the earlier of (a) December 31, 2014; (b) the date that you terminate your employment with the Company for any reason; or (c) the date that the Company terminates your employment for Cause (the “Separation Date”).
Purchaser shall not be deemed to be a successor employer with respect to the employment of any Transferred Employee or Transitional Employee with respect to any benefit plans maintained by Seller for the benefit of such Transferred Employee or Transitional Employee.
If replaced, such replacement shall then be deemed to be a Reuters Transitional Employee and the provisions of this Agreement relating to Reuters Transitional Employees will apply.