Former Business Employees definition

Former Business Employees means former employees of the Spinco Group and former employees of the GGP Group who were last employed in the Spinco Business, as identifiable on GGP’s payroll and employment records (including, without limitation, individuals listed on Schedule C hereto).

Former Business Employees means (i) all persons who were not employees of any Electrical Company or any Asset Seller with respect to the Business immediately preceding the Closing Date but who were formerly employed by any Electrical Company or any Asset Seller with respect to the Business or predecessors thereof and whose service with any Electrical Company or any Asset Seller and their respective affiliates or predecessors terminated prior to the Closing Date including, without limitation, (A) those who are retired and, (B) with respect to the United States only, those paid on a salaried basis who are Long Term Disabled and (ii) the Refusing Employees; but excluding, with respect to the United States, those persons who are entitled as of the Effective Benefits Time to severance and termination pay benefits under the U.S. Business Severance Policies and Practices with respect to whom such severance and termination pay benefits are reflected on the Closing Balance Sheet.

Former Business Employees means all individuals previously employed by the Sellers whose duties related primarily to the Business immediately prior to their termination of employment from the Sellers.

Examples of Former Business Employees in a sentence

• The health and welfare plans include, but are not limited to, plans providing severance and active employee health, dental, disability and life insurance benefits, for the benefit of eligible employees and certain former employees, including certain Former Business Employees who have retired as of the date of the Separation Agreement or will retire prior to the Effective Time (the “Parent Welfare Plans”).

• Similar to previous studies, the blow away condition is expressed as the ratio of the inlet velocity Vi to the upstream velocity Vo. There is a minimum value of this ratio Vi/Vobelow which the vortex will not form.On the other hand, if the inlet is too far away from a solid surface, there will be no stagnation point [16X] (a point with a diverging velocity profile radially) on the surface and the vortex cannot form.

• The temporary lay off reduces payment of the employee proportionate to the duration of the layoff but does not impact vacation or sick leave accrual or seniority.

• All provisions contained in this Agreement are included for the sole benefit of the respective parties to this Agreement and shall not create any right in any other Person, including, without limitation, any Business Employees, Former Business Employees, any Beneficiary or any participant in any GGP Plan.

• Nothing in this Article VI or elsewhere in this Agreement shall be deemed to make any present or future Business Employees or Former Business Employees third-party beneficiaries of this Agreement.

More Definitions of Former Business Employees

Former Business Employees means Business Employees existing immediately prior to the Closing.

Former Business Employees means all persons who were not employees of any FHS Company or any Asset Seller with respect to the Business immediately preceding the Closing Date but who were formerly employed by any FHS Company or any Asset Seller with respect to the Business or predecessors thereof, and whose service with any FHS Company or any Asset Seller and their respective Affiliates or predecessors terminated prior to the Closing Date including, without limitation, those who are retired.

Former Business Employees means each individual who, immediately prior to his or her termination of employment, was employed by the Sellers or the Foreign Subsidiaries with respect to the Business and each other individual who was, at immediately prior to his or her termination of employment, employed by the Foreign Subsidiaries.

Former Business Employees has the meaning ascribed to such term in the definition of “Assumed Employee Liabilities.”

Former Business Employees has the meaning set forth in Section 4.15(e).

Former Business Employees. With respect to all Business Employees who commence a leave of absence prior to December 31, 2010, Spinco shall, or shall cause a member of the Spinco Group to, provide the benefits mandated by the Family and Medical Leave Act of 1993, as amended (the “FMLA”) with respect to such leave of absence, without regard to whether Spinco or any member of the Spinco Group is subject to the FMLA.

Former Business Employees means each former employee of Dow who as of immediately prior to such former employee’s termination of employment with Dow would have been a Business Employee according to the Identification Criteria;