Ex-Employee definition
Examples of Ex-Employee in a sentence
From and after the Distribution, each Converted Engility Equity Compensation Award shall be subject to the terms of the applicable Engility equity compensation plan, the award agreement governing such Converted Engility Equity Compensation Award and any Employment Agreement to which the applicable Engility Employee or Engility Ex-Employee is a party.
Any Ex-Employee actually employed by Purchaser may request that assets held by Seller in Seller's 401(k) Plan on behalf of such Ex-Employee will be transferred as soon as practicable after the Service Transfer Date to the trustees of a qualified plan maintained by Purchaser or its Affiliate (if permitted) or retained in Seller's 401(k) Plan (subject to the rights of Ex-Employees with respect thereto).
Purchaser will provide to any employee of Seller or its Affiliates who on or after the Closing Date, at the sole discretion of Purchaser, becomes an employee of Purchaser or its Affiliates (an "Ex-Employee") with such compensation and benefits as are currently being provided to Purchaser's employees of similar rank and tenure level.
Nothing in this Section 8.4 shall be construed as requiring the Purchaser to (i) employ any of Seller's employees or (ii) provide any Ex-Employee with such compensation or employee benefits as such Ex-Employee had previously received from Seller or its Affiliates or (iii) provide any former employee of Seller who is not an Ex-Employee with any severance benefits.
Notwithstanding the foregoing, if the ex-employee Stockholder's employment terminates by reason of his or her death, the Ex-Employee Adjustment Fraction as to that ex-employee Stockholder shall be one (1.00).
Effective as of the Distribution, each Engility Employee and Engility Ex-Employee shall cease participation in all L-3 equity compensation plans.
When the Transit Supervisor is deemed not his or her employment shall be terminated and he or she shall be to the Ex-Employee Roll.
In the event that an employee shall refuse such lighter duties and has all benefit entitlements, including Sick Leave, benefits and/or is not entitled to or fits, shall have his or her employ- ment status with the Commission terminated and shall be placed on the Ex-Employee Roll.
Notwithstanding the foregoing, each of the parties hereby acknowledge and agree that Seller shall be permitted, solely in connection with the Staffing Business, on and after the date six months after the date any person becomes an Exempt Ex-Employees to provide job placement services to such Exempt Ex-Employee and assist such Exempt Ex-Employee in finding new employment or job opportunities.