Employee Amount means the aggregate amount payable to employees of the Companies or any of the Subsidiaries pursuant to any change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Companies or any Subsidiary, in each case payable solely as a result of the transactions contemplated by this Agreement.
Employee Amount means the aggregate amount payable to employees or consultants of the Company or any of the Subsidiaries pursuant to any change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company or any Subsidiary, plus the employer’s share of Taxes payable with respect to all such amounts, in each case payable as a result of the Merger and the other transactions contemplated by this Agreement (and specifically excluding (a) any amounts payable after Closing as a result of any arrangements implemented by the Surviving Corporation or the Buyer after the Closing and (b) any broad-based severance plan or policy of the Company in place as of the date of this Agreement and described in Section 2.22 of the Disclosure Schedule).
Employee Amount means all amounts payable by the Company pursuant to (a) any Transaction Bonus Plan or (b) any other change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company or any Subsidiary, in each case of this clause (b) payable as a result of the Merger or any of the other transactions contemplated by this Agreement; provided, however, that “Employee Amount” shall (w) include all amounts payable by or on behalf of the Company in connection with or as a result of the termination of the Company Employees listed on Schedule 5.1(i) and any other Company Employees terminated by the Company prior to the Closing, (x) exclude all Taxes, (y) exclude any change in control bonus plan, severance plan, change of control, retention or similar arrangement to the extent triggered by or resulting from actions taken by Buyer, the Surviving Corporation, any of its or their Affiliates or any Company Employee, in each case, after the Effective Time, and (z) exclude any amounts included as current liabilities in the calculation of Closing Net Working Capital to the extent resulting in a dollar for dollar adjustment in the Estimated Closing Adjustment or Final Closing Adjustment.
Examples of Employee Amount in a sentence
Subject to state limits, the Dependent Spouse/Domestic Partner amount can be greater than the Employee Amount.
The Required Employee Amount shall be paid from additional funds to be delivered by the Company to the Trustee on or before the Implementation Date and shall beremitted by the Trustee to the relevant employees within six (6) months of the issuance of the Approval Order.
Refer to the definition of Non- Department Employee Amount of Contact and Attachment A, Required Background Investigation Documentation, for specific documentation requirements.
Employee Amount Percentage Method District-Approved Vendor Name Account Number $ % $ % $ % The salary reduction amount indicated above will only be processed if there is sufficient salary to cover the request.
If, after the first five (5) years of the Employment Obligation Term a Company fails to achieve the Minimum Standard, then the Company shall pay to the Agency an amount equal to (a) the Per Employee Amount multiplied by (b) the Shortfall.
More Definitions of Employee Amount
Employee Amount means the aggregate amount payable to employees of the Company pursuant to any change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company, in each case, payable solely as a result of the transactions contemplated by this Agreement.
Employee Amount means the number of Buyer Common Shares that, when multiplied by $46.15, will equal the aggregate amount owed under all severance, change of control, retention payments and similar obligations of the Company in connection with the Merger and the other transactions contemplated by this Agreement.
Employee Amount means without duplication, measured as of immediately prior to the Effective Time, (a) all amounts payable by the Company or any of its Subsidiaries pursuant to (i) any Transaction Bonus Plan, (ii) any other transaction, change in control bonus plan, severance plan, or change of control, retention or similar arrangement of the Company or any of its Subsidiaries, payable in connection with the Merger or any of the other transactions contemplated by this Agreement or upon related or concurrent or subsequent employment termination, or in combination with any other event, such payment is made on or prior to the Closing pursuant to, or under, an Employee Benefit Plan, a Contract or other arrangement entered into by the Company or any of its Subsidiaries prior to the Closing and (iii) to the extent not paid prior to the Effective Time, the amounts of any bonus to be paid in respect of the 2022 fiscal year (including, in each case, all of the employer portion of Taxes required to be paid in connection therewith, determined as if the applicable taxable period ended on the Closing Date), and (b) accrued and unused paid time off (PTO), but only to the extent credit for such PTO will be retained for the employees after the Closing; provided, however, “Employee Amount” shall not include any amounts payable after Closing as a result of any arrangements implemented by the Surviving Corporation or the Buyer after the Closing as a result of any arrangements entered into with or at the direction of the Buyer.
Employee Amount means all amounts payable pursuant to (a) any Transaction Bonus Plan or (b) any other change in control bonus plan, severance plan, change of control, retention or similar arrangement of the Company or any Subsidiary, in each case of this clause (b) payable in connection with the transactions contemplated by this Agreement or upon related, concurrent or subsequent employment termination (other than amounts payable upon an employment termination following the Closing (or, to the extent requested in writing by Buyer, at or prior to the Closing) pursuant to a control bonus plan, severance plan, change of control, retention or similar arrangement that is identified on Section 3.16(a) of the Disclosure Schedule), plus the employer’s share of Taxes payable with respect to (i) all such amounts described in the foregoing clauses (a) and (b) and (ii) all payments with respect to In-the-Money Company Options, Phantom Share Awards and SAR Awards pursuant to this Agreement (without duplication to the extent reflected in the Aggregate Consideration), and (c) accrued paid time off (PTO); provided, however, “Employee Amount” shall exclude any amounts payable as a result of any arrangements implemented by the Buyer after the Closing or implemented by the Company or any Subsidiary in accordance with this Agreement after the date of this Agreement and prior to the Closing at the written direction (and not merely consent) of the Buyer.
Employee Amount means the number of Buyer Common Shares that, when multiplied by $50.37, will equal the aggregate amount owed under all severance, change of control, retention payments and similar obligations of the Company or any of its Subsidiaries in connection with the Merger and the other transactions contemplated by this Agreement. For the avoidance of doubt, the Employee Amount shall not include any severance, retention or other payments made to the Company's employees pursuant to any employment, retention, severance of other similar agreements entered into by the Buyer (or by the Company at the request of the Buyer) in connection with this Agreement.
Employee Amount means an amount of cash equal to one million five hundred eighty seven thousand five hundred and ninety-four U.S. dollars ($1,587,594.00).
Employee Amount means the aggregate amount payable pursuant to any change in control bonus plan or severance, change of control, retention or similar arrangement of the Company or any of its Subsidiaries in connection with the Merger, the Spin-Off Transaction and the other transactions contemplated by this Agreement, including the amount of any Taxes incurred by the Buyer, the Company or any of their Subsidiaries in connection with the payment of such amounts. For the avoidance of doubt, the Employee Amount shall not include any amounts (a) paid in severance under any policy or plan of the Buyer as a result of the termination of any employee at the Buyer’s direction or request, (b) attributable to the unvested A-C Options assumed by the Buyer pursuant to Section 1.9 or (c) constituting the portion of the Total Consideration paid in satisfaction of those Options that were accelerated by the transactions contemplated hereby and set forth in Section 2.2(c) of the Disclosure Schedule and identified as “change of control” options.