Functional Transfer Employee definition

Functional Transfer Employee means any Target Entity Employee set forth on Section 1.1(a)(iv) of the Seller Disclosure Schedules (which Section shall be updated immediately prior to Closing by Seller to reflect hiring and terminations of employment between the date hereof and the Closing subject to Section 5.2(b)(i) hereof), which shall indicate such Target Entity Employees that are “Tolling Employees” who will provide services under any Tolling Agreement.
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Functional Transfer Employee means any Target Entity Employee set forth on Section 1.1(a)(iv) of the Seller Disclosure Schedules (which Section shall be updated immediately prior to Closing and each Deferred Closing by Seller to reflect hiring and terminations of employment between the date hereof and the Closing or such Deferred Closing Effective Time, as applicable, subject to Section 5.2(b)(i) hereof), which shall indicate such Target Entity Employees that are “Tolling Employees” who will provide services under any Tolling Agreement.
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Examples of Functional Transfer Employee in a sentence

  • Prior to the Closing or Deferred Closing Effective Time, as applicable, Seller or any Seller Affiliate may offer employment to any Functional Transfer Employee, except for the Tolling Employees.

  • In the event that a Target Entity terminates the employment of any Functional Transfer Employee following the Closing pursuant to a notice of termination (i) given within twelve (12) months following the Closing with respect to any Functional Transfer Employee, except for the Tolling Employees, and (i) the expiration of any Tolling Agreement with respect to any applicable Tolling Employees, then Seller shall reimburse Purchaser for all Termination Liabilities incurred in connection with such termination.

  • Prior to the Closing Date, Seller or any Seller Affiliate may offer employment to any Functional Transfer Employee, except for the Tolling Employees.

Related to Functional Transfer Employee

  • Transferring Employee means an employee at the airport who timely transfers to the regional authority by the transfer date.

  • 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.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.

  • Tipped employee means any employee engaged in an occupation in which he or she customarily and regularly receives more than thirty dollars ($30) per month in tips; and