Examples of Intel Transferred Employees in a sentence
As of the Closing Date, the Intel Transferred Entities shall employ only Intel Transferred Employees, and the ST Transferred Entities shall employ only ST Transferred Employees.
Newco shall be responsible for all Liabilities, salaries, benefits and similar employer obligations that arise after Closing under Newco’s compensation and benefit plans and policies for all Intel Transferred Employees or pursuant to Section 2.3(d).
Subject to Section 2.3(d), Intel shall be solely responsible for any liabilities or obligations with respect to Intel Transferred Employees under the Intel Employee Plans or the Intel Employee Agreements that arise following the Closing.
Holdings shall and shall cause its Subsidiaries to be responsible for all Liabilities, salaries, benefits and similar employer obligations that arise after Closing under Holdings’ and its Subsidiaries’ compensation and benefit plans and policies for all Intel Transferred Employees or pursuant to Section 2.3(d).
To the greatest extent permitted by Applicable Law, Newco shall provide service credit for all periods of service by the Intel Transferred Employees under Newco’s employee policies and plans except to the extent such service credit would result in the duplication of benefit accrual for the same period of service.
Subject to the Intel Secondment Agreement and to Section 2.3(d) hereof, Intel shall be solely responsible for any liabilities or obligations with respect to Intel Transferred Employees under the Intel Employee Plans or the Intel Employee Agreements that arise following the Intel Employee Transfer Date.
To the greatest extent permitted by Applicable Law, Holdings shall and shall cause its Subsidiaries to provide service credit for all periods of service by the Intel Transferred Employees under Holdings’ and its Subsidiaries’ employee policies and plans except to the extent such service credit would result in the duplication of benefit accrual for the same period of service.