Asset Employees definition

Asset Employees has the meaning set forth in the definition of Business Employee.
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Asset Employees means all Current Employees, other than the Southeast Asian Employees, as set forth in Section 5.2(a)(i).
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Asset Employees shall have the meaning set forth in Section 5.2(a)(i). “Asset Sellers” shall have the meaning set forth in the recitals of this Agreement. “Assumed Benefit Plan” shall mean each Benefit Plan that is sponsored by the Acquired Company, each such Benefit Plan to be specifically identified as such on Schedule 3.1(p)(i). “Assumed Liabilities” shall mean the following Liabilities (in each case only to the extent that such Liabilities are not Excluded Liabilities as listed in clauses (i)-(xii) of the definition of Excluded Liabilities): (i) all intercompany Liabilities arising from the purchase or sale of products or services by an Asset Seller or the Acquired Company in the ordinary course of business and set forth on Schedule 11.18(a); (ii) all Liabilities arising from or related to Buyer’s and its Affiliates’ ownership or operation of the Acquired Business as of and following the Closing (including to the extent resulting in a Tax liability on the part of any Asset Seller); (iii) all Liabilities for which Buyer is expressly liable pursuant to Section 5.1 or Section 5.2; (iv) all Liabilities of the Acquired Business as reflected on the Closing Date Balance Sheet; and (v) all Liabilities to be paid or performed after the Closing Date under (i) the Material Contracts, (ii) the Contracts of the Acquired Company not required by the terms
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Examples of Asset Employees in a sentence

  • Western Asset Employees, Officers and Directors: As a condition of employment, all Western Asset employees, officers and directors (generally referred to as "Western Asset employees") must read, understand and agree to comply with the Code of Ethics.

  • You must understand what category or categories apply to you in order to understand which requirements you are subject to.Western Asset Employees, Officers and Directors.

  • Buyer shall not be liable for long-term disability benefits nor any other benefit payable for Asset Employees who are not "actively at work" (as defined herein) on or prior to the Closing Date.

  • Prior to the Closing, the Purchase shall provide written communication materials to the Transferred Asset Employees, reasonably acceptable to the Seller Parties, conveying the material terms and conditions of such employment consistent with the provisions of this Section 7.5(f)).

  • The Purchaser shall notify the Seller Parties within a reasonable period prior to the Closing whether it consents to permit any of such employees to be designated as Transferred Asset Employees (such employees, the “Designated Related Employees”).

  • Transferred Company Employees and Transferred Asset Employees are collectively, together with former employees of the Transferred Companies and any current or former independent contractors of the Transferred Companies, referred to as the “Combined Business Employees”.

  • The Parties agree that the Transferred Asset Employees that become Continuing Employees will not experience a “separation from service” within the meaning of Treasury Regulation §1.409A-1(h), as permitted under Treasury Regulation §1.409A-1(h)(4), as a result of the transactions contemplated by this Agreement.

  • Buyer shall make offers of employment to all other Asset Employees, which shall be effective as of, and contingent upon, the Closing (except as otherwise provided in a Transition Services Agreement), and may provide, as determined by Buyer in its sole discretion and to the extent permitted by applicable Law, that any or all such employment relationships shall be terminable “at-will” by Buyer (or one of its Affiliates) or the applicable employee.

  • There is no strike, shutdown, work stoppage, lockout, concerted refusal to work overtime or other material labor disruption or dispute pending or threatened against the Company or involving the Asset Employees (as defined herein).

  • Schedule 5.2(a)(i)(B) lists those Current Employees of Asset Sellers located in the U.S. and China, including their name, location and the name of their employer, which Schedule may be updated prior to Closing and, as of the Closing, identifies such Asset Employees who accept Buyer’s offer of employment (such Asset Employees who accept Buyer’s offer of employment, collectively, the “U.S. & China Asset Employees”).


More Definitions of Asset Employees

Asset Employees shall have the meaning set forth in Section 5.2(a)(i).
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Related to Asset Employees

  • Current Employees has the meaning set forth in Section 5.6(a).

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

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

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

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

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

  • Excluded Employees means those employees listed on Schedule 1.1(w);

  • Union Employees has the meaning set forth in Section 6.12(a).

  • Hired Employees has the meaning set forth in Section 6.1(a).

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

  • Former Employees means Former Parent Group Employees and Former SpinCo Group Employees.

  • 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.

  • Permanent Employees means all employees who are not casual employees, or employees working in a long-term supply assignment, as defined below.

  • Designated Employees means a person occupying any of the following position in the Company:

  • Relevant Employees means the employees of the Contractor (including the Transferring Employees) who are wholly or mainly assigned to work in the provision of the Services and who are/will be the subject of a Relevant Transfer by virtue of the application of the TUPE Regulations.

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

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

  • Key Employees means each of the following individuals: Xxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxx Xxxxxx and Xxxxx Xxxxxxx.

  • Protected Employees means employees of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date.

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

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

  • Returning Employees means those persons listed in a schedule to be agreed by the Parties prior to the end of the Contract Period who it is agreed were employed by the Contractor (and/or any Sub-Contractor) wholly or mainly in the supply of the Services immediately before the end of the Contract Period.

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Contract employee means a probationary faculty employee or a grant- funded employee hired on a year-to-year basis in accordance with Education Code 87470.