CM Business Employee definition

CM Business Employee means each person who became employed in connection with Seller's acquisition of the Business under the Transaction Agreement by Seller or any Affiliate of Seller, including, if applicable, LMUK, and who, immediately prior to the Closing Date, was primarily engaged in or primarily in support of the Business as of the Closing, but only to the extent such person's name appears on Schedule 1.29(a) (as such Schedule may be modified by Seller prior to Closing to reflect terminations and new hires of CM Business Employees and omissions of persons who Buyer reasonably concurs are primarily engaged in or primarily support the Business as of the Closing, other than the persons listed on Schedule 1.29(c)); provided, that, for the avoidance of doubt, the term "CM Business Employee" shall not include employees set forth in Section 6.15(a)(i) of the Xxxx Xxxxx Disclosure Letter or Schedule 1.29(b).
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Examples of CM Business Employee in a sentence

  • Buyer shall cause each CM Business Employee employed by a Transferred Subsidiary immediately prior to the Closing Date to continue his or her employment with a Transferred Subsidiary with a term and condition of such continued employment being that his or her rate of base pay must be substantially similar to (and in no event less than 75% of) the base pay being paid to such CM Business Employee immediately prior to the Closing.

Related to CM Business Employee

  • Business Employee means any Person who is a present or former employee of Seller at any time prior to or on the Closing Date, and who provided or previously provided any services relating to 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 any of its Subsidiaries.

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

  • SpinCo Employee means any individual who, immediately following the Distribution Date, will be employed by Spinco or any member of the Spinco Group in a capacity considered by Spinco to be common law employment, including active employees and employees on vacation and approved leaves of absence (including maternity, paternity, family, sick, short-term or long-term disability leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves).

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

  • 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.

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

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

  • 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.

  • 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.

  • 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.

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

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

  • 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).

  • Excluded Employees has the meaning set forth in Section 2.5(a)(iv).

  • 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.

  • Current Employee has the meaning set forth in Section 7.8(a).

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

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.

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

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.