Deferred Employee definition

Deferred Employee means any person to whom the Seller or any other member of the Seller’s Group has made an offer of employment for a role within the Business in compliance with Clause 5 and whose employment in the Business will take effect on a date following the Closing Date, save that no person shall become a Deferred Employee unless and until the Seller has provided to the Purchaser a copy of the offer letter setting out the agreed principal terms of employment and/or employment agreement (if executed) applicable to such person;
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Deferred Employee means, in respect of GlaxoSmithKline, any GlaxoSmithKline Deferred Employee and, in respect of Novartis, any Novartis Deferred Employee;
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Deferred Employee means any person to whom the Seller, any Vaccines Group Company or any other member of the Seller’s Group has made an offer of employment for a role in the Business (as carried on by the Vaccines Group) in compliance with Clause 5 and whose employment in the Business (as carried on by the Vaccines Group) will take effect on a date following the Closing Date, save that no person shall become a Deferred Employee unless and until the Seller has provided to the Purchaser a copy of the offer letter setting out the agreed principal terms of employment and/or employment agreement (if executed) applicable to such person;
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Examples of Deferred Employee in a sentence

  • Deferred Employee Benefits The present value of amounts estimated to be payable under unfunded supplemental retirement agreements with certain officers is being accrued over the remaining years of active employment of the officers and is included in other noncurrent liabilities.

  • Deferred Employee CompensationThe deferred employee compensation will continue to be deferred.

  • If a Deferred Employee is a Transferred U.S. Employee, then such employee shall not become an employee of Buyer on the Closing Date, but rather shall remain an employee of Seller until March 31, 2007 or such other date as may agreed by Seller and Buyer (the "DEFERRED TRANSFER DATE"), at which time such employee shall become an employee of Buyer upon the terms and conditions set forth in this Clause 9.1.3(a).

  • Subject to the provisions of Sections 3.04 or 3.05 as applicable, a Participant may elect to change the rate of his Tax Deferred Employee Contributions or his After-Tax Employee Contributions as of the first day of any month by giving prior written notice to the Employer on a form provided for such purpose and within the time period prescribed by the Plan Administrator.

  • At December 31, 1996 and 1995, the accumulated postemployment benefit liability consisted of a current amount of $4 million and $6 million, respectively, included in Accrued Payroll and Benefits and $34 million and $41 million, respectively, included in Deferred Employee and Retiree Benefits.

  • Effective as of January 1, 1995, such investment elections shall be made in multiples of 5% or such other percentage as the Investment Committee, in its discretion, may prescribe, and the Participant's designated percentage assigned to each Investment Fund shall uniformly apply to his Employee Deferred, Employee After-Tax, Employer Matching and Employer Non-Matching Contributions, and, if applicable, Rollover Contributions.

  • Notwithstanding anything to the contrary in this Agreement, (i) the Other Deferred Transferred Employees shall be deemed not to be Business Employees at the Closing Date and (ii) the transfer of employment of the Other Deferred Transferred Employees shall occur at the applicable Deferred Employee Transfer Date (such transfer a “Deferred Employee Transfer”).

  • Officers, other key employees of the Company and Subsidiaries and Non-Employee Directors, and consultants and other persons having a contractual relationship with the Company or its Subsidiaries who are responsible for or contribute to the management, growth and/or profitability of the business of the Company and its Subsidiaries are eligible to be granted Stock Options, Stock Appreciation Rights, Restricted Stock or Deferred Employee Stock awards under the Plan.

  • The Deferred Employee Transfer shall be deemed to be the Closing, and the Deferred Employee Transfer Date the Closing Date, with respect to each Other Deferred Transferred Employee.

  • Any fees and expenses (including any Taxes) payable by a party or any of its subsidiaries in connection with the Employee Release, Non-Competition and Waiver Plan or any Release Payment thereunder (but not the Release Payments themselves), whether before or after the Effective Time, shall be deducted from the Deferred Employee Release Amount hereunder ("PARTICIPANT EXPENSES").


More Definitions of Deferred Employee

Deferred Employee means any person to whom Novartis, any Influenza Group Company or any other member of the Novartis Group has made an offer of employment for a role in the Business in compliance with Paragraph 5 and whose employment in the Business will take effect on a date following the Option Closing Date, save that no person shall become a Deferred Employee unless and until Novartis has provided to the Purchaser a copy of the offer letter setting out the agreed principal terms of employment and/or employment agreement (if executed) applicable to such person;
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Related to Deferred Employee

  • 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.

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

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • 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.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

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

  • Retired Employee means an employee of the state who retired after April 29, 1971,

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

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

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • SpinCo Employee means any individual who, as of the Effective Time, is employed by or will be employed by Spinco or any member of the Spinco Group, including active employees and employees on vacation and approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, short- or long-term disability leave, leave under the Family Medical Leave Act and other approved leave).

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Regular Employee is one who works on a full-time or part-time basis on regularly scheduled shifts of a continuing nature:

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • 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.

  • School employee means (1) a teacher, substitute teacher, school administrator, school superintendent, guidance counselor, psychologist, social worker, nurse, physician, school paraprofessional or coach employed by a local or regional board of education or working in a public elementary, middle or high school; or (2) any other individual who, in the performance of his or her duties, has regular contact with students and who provides services to or on behalf of students enrolled in a public elementary, middle or high school, pursuant to a contract with the local or regional board of education.

  • 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).

  • New employee means a Full-Time Employee first employed by the Company in the Project and who is hired on or after the Effective Date of this Agreement.