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 ▇▇▇▇ ▇▇▇▇▇ 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.

  • Buyer shall make due inquiry of each CM Business Employee who has not accepted an offer of employment with Buyer and, in the event such inquiry reveals or should have revealed any concern of the CM Business Employee about the bona fide nature of the offer of employment made by Buyer pursuant to Section 5.5(a), Buyer shall reaffirm to such CM Business Employee the bona fide nature of the employment offer made pursuant to Section 5.5(a).