Business Employee definition

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

Business Employee has the meaning set forth in Section 4.8(a).

Business Employee means any current or former officer, director, employee, leased employee, consultant or agent (or their respective beneficiaries) of the Companies or of any ERISA Affiliate.

Examples of Business Employee in a sentence

• Purchaser or its applicable Affiliate shall become a party to any Collective Bargaining Agreement (including any national, sector or local agreement) with respect to any Business Employee and shall, or shall cause its Affiliates to, be responsible for all Liabilities arising under any Collective Bargaining Agreement (including any national, sector or local agreement) with respect to any Business Employee.

• Effective as of the Closing, Purchaser shall establish participation by the Business Employees in Purchaser’s tax-qualified defined contribution plan or plans with a cash or deferred feature (collectively, the “Purchaser 401(k) Plan”) for the benefit of each Business Employee who, as of immediately prior to the Closing, was eligible to participate in a tax-qualified defined contribution plan or plans maintained by Seller or its Subsidiaries (collectively, the “Seller 401(k) Plan”).

• This Article VI is included for the sole benefit of the parties to this Agreement and their respective transferees and permitted assigns and does not and shall not create any right in any Person, including any current or former employee of Seller or any of its Affiliates, any Business Employee, any Former Business Employee or any Transferred Employee, who is not a party to this Agreement.

• To such Seller’s Knowledge, in the past three (3) years there have been no labor organizing activities with respect to any employees of such Subject Company or its Subsidiaries (including any Business Employee).

• If Purchaser or its Affiliates fail to comply with this Article VI, including by not making any Offer Employee an offer of employment in accordance with the terms of Section 6.1, then Purchaser and its Affiliates shall be solely responsible for any severance, termination indemnity, redundancy or similar termination payments or benefits that may become payable to any such Business Employee.

More Definitions of Business Employee

Business Employee means an employee of Seller who is employed as of the Effective Time and whose work responsibilities relate principally to the Business, as set forth on Schedule 7.9(a).

Business Employee means any employee of Seller or any of its Subsidiaries or Affiliates who is employed primarily in connection with the Business, (i) including, for the avoidance of doubt, the individuals named in Section 1.01(a)(i) of the Disclosure Schedule, but (ii) excluding the individuals named in Section 1.01(a)(ii) of the Disclosure Schedule, and such employees of the Retained Businesses as Seller and Buyer may agree to treat as Business Employees prior to the Closing.

Business Employee means each employee of Seller or one of its Subsidiaries primarily dedicated to the Business (including any individual who is on short term disability, long-term disability, military leave or an approved leave of absence), each as set forth on the Service Provider List and identified as a Business Employee on such list (as such list may be updated in accordance with Section 5.6(c)); provided that Business Employees shall not include any Excluded Employees.

Business Employee means (i) any individual who is set forth on Schedule 4.1 and (ii) any individual hired by Seller to fill one of the six open roles designated on Schedule 4.1 (each, an “Open Role”); provided, however, that Seller may, subject to Section 5.8(k), supplement the list of individuals designated as Business Employees prior to the Closing Date to reflect the termination of employment and subsequent replacement of any individual designated as a Business Employee in accordance with Schedule 4.1.

Business Employee means any employee of the Acquired Companies.

Business Employee means each individual (A) who is employed by Seller or any of its Affiliates and is primarily employed in the Business as of the date hereof and remains so employed as of the date immediately prior to the Closing Date, including any such individual on short-term disability, pregnancy or

Business Employee means any employee of either Seller or any of its Affiliates who is listed on Schedule 4.14.