UK Business Employee definition

UK Business Employee means a Business Employee who works predominantly in the United Kingdom.
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UK Business Employee means each employee of the relevant Business Seller who is immediately prior to Closing wholly or substantially engaged in the UK Business; USA or US or United States means the United States of America; US Benefit Plan means any bonus, incentive compensation, deferred compensation, Retirement Benefit, stock purchase, stock option, stock ownership, stock appreciation rights, phantom stock, leave of absence, layoff, vacation, day or dependent care, legal services, cafeteria, life, health, accident, disability, worker’s compensation or other insurance, severance, separation or other employee benefit plan, practice, policy or arrangement of any kind, whether written or oral, or whether for the benefit of a single individual or more than one individual including, any Seller Plan and including but not limited to, any “employee benefit plan” within the meaning of Section 3(3) of ERISA, existing at the Closing Date or prior thereto, established or to which contributions have been made by the Seller Group, the Target Companies, or any predecessor of the foregoing, or under which any Business Employee, or former employee of the Target Companies or any beneficiary thereof has benefit rights, or for which the Target Companies may have liability;
Sample 1
UK Business Employee means the persons employed by LUK, Interconnect Technologies Division immediately before Closing whose contracts of employment after Closing will be or are deemed effected between the Buyers and such persons under Regulation 5 of the TUPE Regulations and who are listed on Schedule 5.5(a).
Sample 1

Examples of UK Business Employee in a sentence

  • If by virtue of the Transfer -------------------------- Regulations any contract of employment with any person who is not a UK Business Employee shall have effect as if originally made between the Purchaser and that person, Prestolite and the Purchaser agree that Purchaser may, on becoming aware of the application or probable application of the Transfer Regulations to any such contract of employment, terminate that contract as soon as the Purchaser wishes.

  • We present an efficient randomized simulator for interactive protocols over channels with adversarial noise.

  • Such employment will include base compensation provided to each UK Business Employee immediately prior to the Closing Date and employee benefit arrangements, which are substantially similar in the aggregate to the employee benefit arrangements provided to each UK Business Employee immediately prior to the Closing Date.

  • The UK Business Employee Plan has not been the subject of any report of wrongdoing or irregularities to the Occupational Pensions Regulatory Authority nor, to the Knowledge of Prestolite, are there any circumstances which would justify such a report.

  • Other than the state pension scheme, the UK Business Employee Plan and the Prestolite Wales Retirement and Death Benefit Scheme are the only schemes or arrangements under which Prestolite has any liability to contribute in respect of pension benefits of any UK Business Employees or any dependant of any UK Business Employees.

  • The Purchaser shall indemnify --------------------- Prestolite and keep Prestolite fully indemnified on demand against any losses, damages, costs, liabilities or expenses which Prestolite may suffer or incur as a result of or in relation to any act or omission of the Purchaser in relation to a UK Business Employee occurring on or after the Effective Time.

Related to UK Business Employee

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Business Employees has the meaning set forth in Section 4.10(a).

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

  • Company Employee means an employee of the Company or an employee of a Subsidiary of the Company, if any.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • SpinCo Employee has the meaning set forth in the Employee Matters Agreement.

  • U.S. Employee means a person who is an employee of the Company (or of any Subsidiary) for purposes of section 422 of the Code.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Contract employee means an employee performing services under a PEO services contract or temporary help services contract.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Relevant Employees means the employees who may be affected by a change referred to in subclause (1).

  • Parent Employee means, a current employee of Parent or any of its Subsidiaries.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Group Business Entity means;