Acquired Company Employees definition

Acquired Company Employees means (i) the employees of the Acquired Companies (including any Affiliated Providers employed by any Acquired Company) as of the date hereof and (ii) any additional employees of the Acquired Companies hired in accordance with Section 5.1(b)(xiv), in each case, who remain employees of the Acquired Companies as of immediately prior to the Closing.

Acquired Company Employees has the meaning specified in Section 3.19(a).

Acquired Company Employees means the employees of the Acquired Companies as of immediately prior to Closing.

Examples of Acquired Company Employees in a sentence

• The Acquired Companies shall retain responsibility for all accrued but unused vacation pay for each of their respective Acquired Company Employees (other than any Bank Channel Employees who become Acquired Company Employees).

• The parties hereto intend that there will be a continuity of employment for all Acquired Company Employees and Business Employees following the Closing Date, except as specifically provided in this Section 10.1(a).

• In addition, Purchaser, the Acquired Company or a Purchaser Affiliate shall extend a written offer of employment to the employees of Seller Affiliates set forth on Schedule 10.1(a) on the same terms and conditions as similar Acquired Company Employees.

• Until the Closing Date, except as required by applicable Law or permitted by the terms of this Agreement, Purchaser will not, and will cause its Designated Affiliates and Affiliates and its and their representatives not to, take any intentional action to cause or influence any Acquired Company Employee(s) or Business Employee(s) to take any actions (or fail to take actions) to adversely affect the Business, the financial condition of the Business, or the results of operations of the Business.

• The Business Employees who are deemed to have accepted such offer, and all Acquired Company Employees, are collectively referred to as the “Transferred Employees.” The parties will cooperate to comply with legal and regulatory requirements to accomplish the employment transfers described in this Section 10.1.

More Definitions of Acquired Company Employees

Acquired Company Employees means (a) all employees of an Acquired Company as of the Effective Date who are included on the list of Acquired Company Employees set forth on Section 2.14(a) of the Sellers Disclosure Letter (b) any current employee of AEPSC or Appalachian Power Company in the positions set forth on Section 5.19 of the Sellers Disclosure Letter (a “Support Employee”) who shall become an employee of Kentucky Power prior to the Closing Date as contemplated by Section 5.19 and (c) any other employee who is hired by, or transferred to, an Acquired Company prior to the Closing Date; provided, however, that “Acquired Company Employees” shall not include any Xxxxxxxx Employee.

Acquired Company Employees shall have the meaning set out in Clause 11.2.2.

Acquired Company Employees has the meaning set forth in Section 3.8(a).

Acquired Company Employees shall have the meaning specified in Section 6.11(c).

Acquired Company Employees shall cease active participation in the employee benefit plans, policies and arrangements of Seller as of the Closing, provided that, certain health and welfare Employee Plans sponsored by Seller, as set forth in Section 6.11(c) of the Disclosure Schedule, will continue to provide coverage to the Acquired Company Employees through the end of the month in which the Closing occurs, in accordance with their terms. Purchaser shall, or shall cause the Acquired Companies to, adopt such employee benefit plans, including medical, health, dental, flexible spending account, accident, life, short-term disability, and long-term disability and other employee welfare benefit plans for the benefit of the Acquired Company Employees as Purchaser shall determine from time to time in its sole discretion (the “Purchaser Welfare Plans”). Any restrictions on coverage for pre-existing conditions or requirements for evidence of insurability under the Purchaser Welfare Plans shall be waived for Acquired Company Employees and Acquired Company Employees shall receive credit under the Purchaser Welfare Plans for co-payments and payments under a deductible limit made by them and for out-of-pocket maximums applicable to them during the plan year of the Seller Welfare Plan in accordance with the corresponding Seller Welfare Plans, all consistent with the terms of any applicable contracts providing such benefits. Purchaser shall use its commercially reasonable efforts to achieve the goals of the preceding sentence. Promptly after the Closing Date, Seller shall deliver to Purchaser a list of the Company Employees who had credited service under a Seller Benefit Plan, together with each such Transferred Employee’s service, co-payment amounts and deductible and out-of-pocket limits under such plan.

Acquired Company Employees as defined in Section 7.1.

Acquired Company Employees mean those current employees of FMI who perform services (1) exclusively for one or more Acquired Companies or (ii) on a non-exclusive basis for (x) Seller or a Retained Company and (y) an Acquired Company.