Non-Core Employees definition
Non-Core Employees means persons currently employed by an Acquired Company who become employees of Holding Company or Central Investment LLC on the Closing Date in compliance with this Agreement.
Examples of Non-Core Employees in a sentence
Except as set forth in Part 3.20 of the Disclosure Schedule, to CIC’s Knowledge, no director, officer, or other key employee of any Acquired Company (other than the Non-Core Employees) intends to terminate his employment with such Acquired Company.
CIC, Holding Company and Central Investment LLC shall cause the transfer of each of the Non-Core Employees to Central Investment LLC or Holding Company prior to the Closing.
Central Investment LLC shall be responsible for providing COBRA continuation coverage to all Non-Core Employees and any other employees or qualified beneficiaries who elect COBRA coverage as a result of a COBRA qualifying event which occurs on or prior to the Closing Date.