Business Employees definition
Examples of Business Employees in a sentence
No employees of Sellers or their subsidiaries, other than Business Employees, provide services primarily with respect to, or are primarily assigned to, the Business.
Employees of the employment or employee placement agencies mentioned in Section 4.18(e) of the Sellers Disclosure Schedules, who render services in respect of the Business, are not remunerated at a lower rate of wages than Business Employees performing the same tasks in the same establishment.
Partnership Sellers shall also be solely responsible and neither Buyer nor the Operator shall have any obligations whatsoever, for any Liability, compensation or other amounts payable in respect of any current or former employees of any Seller who are not Business Employees, with respect to any period of time whatsoever.
All individuals employed principally in respect of the Business are Business Employees, and no employee or individual, other than the Business Employees, has any right, under applicable Laws or pursuant to any collective bargaining agreement, to be recalled, transferred, assigned, reinstated or otherwise placed into any job or position in respect of the Business or Purchased Entities.
Any severance pay or pay in lieu of notice of Business Employees terminated by the Business prior to Closing and at the Operator’s request, or by the Operator after Closing, or any Claim by such Business Employees with regards to termination of their employment with the Business shall be assumed and paid by the Operator and shall be deemed an Assumed Liability.