Continuing Employees definition
Continuing Employees shall have the meaning set forth in Section 6.9(a).
Continuing Employees means each individual who is an employee of the Company or any of its Subsidiaries immediately prior to the Effective Time and continues to be an employee of Parent or one of its Subsidiaries (including the Surviving Corporation) immediately following the Effective Time.
Continuing Employees has the meaning specified in Section 7.3(a).
Examples of Continuing Employees in a sentence
If the Company 401(k) Plan is terminated, the Continuing Employees shall be eligible to participate, effective as soon as reasonably practicable following the Effective Time, in a 401(k) plan sponsored or maintained by Parent or one of its Subsidiaries (a “Parent 401(k) Plan”).
The Company and Parent shall take any and all actions as may be required, including amendments to the Company 401(k) Plan and/or Parent 401(k) Plan to permit the Continuing Employees who are then actively employed to make rollover contributions to the Parent 401(k) Plan of “eligible rollover distributions” (with the meaning of Section 401(a)(31) of the Code) in the form of cash.
More Definitions of Continuing Employees
Continuing Employees has the meaning ascribed to it in Section 6.9(d).
Continuing Employees means all employees of the Company or any of its Subsidiaries who, as of the Closing, continue their employment with the Company or any of its Subsidiaries.
Continuing Employees has the meaning set forth in Section 4.4(a).
Continuing Employees means all employees of the Company who are offered and timely accept employment by Parent or any Subsidiary of Parent, who continue their employment with the Company or, outside the U.S., who remain or become employees of the Company, Parent or any Subsidiary of Parent as required by applicable Law.
Continuing Employees is defined in Section 6.3 of the Agreement.
Continuing Employees has the meaning set forth in Section 8.15(a).
Continuing Employees. Section 6.7(a)