Consulting Employee definition
Examples of Consulting Employee in a sentence
Notwithstanding the foregoing, nothing in this Agreement shall be interpreted as requiring Consulting or the Subsidiaries to retain any individual in employment for any specific period of time or as limiting the right of Consulting or its Subsidiaries to terminate the employment of any Consulting Employee or to change the terms of his or her employment (including, without limitation, compensation and benefits).
As of the Effective Date, each Consulting Employee shall be paid from Consulting or one of its Subsidiaries compensation and benefits in the aggregate comparable to those provided to such individual from KPMG or its Subsidiaries immediately before the Effective Date.
Notwithstanding anything herein to the contrary, all issues relating to any individual who, immediately prior to the Effective Date, is employed in a foreign jurisdiction by Consulting or a Transferred Subsidiary and who is not a Consulting Employee shall be governed by any agreements made in connection with the transactions applicable to such Transferred Subsidiary and shall not be subject to this Agreement.
Notwithstanding the foregoing, an individual who would be a Consulting Employee but for the fact that such individual is not actively at work on the Effective Date on account of a leave of absence duly granted by KPMG or a Benefit Subsidiary before July 1, 1999 shall become a Consulting Employee upon his or her proper return to active service with Consulting or a Benefit Subsidiary at the end of and as contemplated by such leave of absence.
On the Effective Date, Consulting and its Subsidiaries shall employ or continue to employ each Consulting Employee.
Consulting Employee agrees to abide by the Restrictive Covenants and Confidentiality provisions set forth in the Confidentiality and Loyalty Agreement between the parties, dated June 30, 2010 which is incorporated herein by reference.
Notwithstanding subsections A through D of this Section, Consulting Employee shall continue to remain eligible for and receive any benefits to which he is entitled as a result of his previous service as regular employee of the Company and his retirement from the Company, as provided by the applicable Plan Documents.
The term may be renewed or extended only by the written agreement of the Company and Consulting Employee.
The Company shall promptly reimburse reasonable, documented travel and other out-of-pocket expenses incurred by Consulting Employee in the performance of the Services.
For purposes of this Section, the parties agree that each WebSphere Business Consulting Employee’s Average Annual Revenue is the amount set forth for such WebSphere Business Consulting Employee in Schedule 3.10 to the Seller Disclosure Letter (as that term is defined in Article III below).