Company Employee Closing Payments definition

Company Employee Closing Payments means any amounts payable to employees of the Company or any Company Subsidiary (including, without limitation, all former employees and all continuing employees) pursuant to any Company Benefit Plan, and including any and all employment related taxes arising therefrom, in each case, as a consequence of the Closing of the transactions contemplated in this Agreement, including, without limitation, the Xxxxxxx Closing Bonus Payments.
Sample 1
Company Employee Closing Payments means the amounts payable to employees of the Company or Sterno (including, without limitation, all former employees and all continuing employees) pursuant to the Candle Lamp Holdings, LLC Phantom Unit Plan and any other phantom equity plan of the Company or Sterno (including any and all employment related taxes arising therefrom), in each case, as a consequence of the Closing of the transactions contemplated in this Agreement, as set forth in Section 6.2 of this Agreement and as otherwise described on Schedule 1.1(a).
Sample 1

Examples of Company Employee Closing Payments in a sentence

  • Subject to the obligation of Purchaser to pay the Company Employee Closing Payments as provided in Section 2.2(d) of this Agreement, Seller shall retain all liabilities under the Candle Lamp Holdings, LLC Phantom Unit Plan.

  • For the avoidance of doubt, all deductions for Seller Transaction Expenses, Company Employee Closing Payments and payments made in respect of employee bonuses under the 2014 Incentive Plan shall be reflected on the Tax Returns for Pre-Closing Tax Periods to the extent paid by Seller or paid or accrued by the Company as of the Closing Date.

  • PROCEDURES FOR MAKING ADJUSTMENTS The following reports (except for Exhibit 3-10) may be generated using NACVA’s Business Valuation Manager™ Pro software or other financial analysis software or worksheets can be used.

Related to Company Employee Closing Payments

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

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

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

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

  • Company Employee Agreement means each management, employment, severance, consulting, relocation, repatriation or expatriation agreement or other Contract between the Company or any Company Affiliate and any Company Employee, other than any such management, employment, severance, consulting, relocation, repatriation or expatriation agreement or other Contract with a Company Employee which is terminable “at will” without any obligation on the part of the Company or any Company Affiliate to make any payments or provide any benefits in connection with such termination.

  • 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.

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • 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.

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • Business Employees has the meaning set forth in Section 4.10(a).

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

  • 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.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

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

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Protected Employees means employees of the Company who were employed by the Company at any time within six (6) months prior to the Determination Date.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Tipped employee means any employee engaged in an occupation in which s/he customarily and regularly receives more than $30 per month in tips. Tips include amounts designated as a tip by credit card customers on their charge slips. Nothing in this rule prevents an employer from requiring employees to share or allocate such tips or gratuities on a pre-established basis among other employees who customarily and regularly receive tips. Employer-required sharing of tips with employees who do not customarily and regularly receive tips, such as management or food preparers, or deduction of credit card processing fees from tipped employees, shall nullify allowable tip credits towards the minimum wage.