Examples of Non-Transferred Employee in a sentence
The Seller will retain and be responsible for all compensation, benefit, severance and employment related obligations and liabilities relating to each Non-Transferred Employee.
Notwithstanding the foregoing, (i) Buyer will not be required to make any payment with respect to a Non-Transferred Employee unless such Non-Transferred Employee is listed on Schedule 1.5(b) and (ii) the amount allocated to any individual Non-Transferred Employee will not exceed the amount set forth opposite such individual’s name on Schedule 1.5(b).
Each such person who is not employed by Purchaser is hereinafter referred to individually as a Non-Transferred Employee and collectively as the "Non-Transferred Employees".
Non-Transferred Employees shall be paid their annual bonuses for 2005 in the amounts determined by Catellus prior to the Closing Date at the earlier of (i) the date that the applicable Non-Transferred Employee ceases to be employed by Catellus and (ii) the Closing Date.
Any Delayed Acquired Services Employee who is not deemed to be a Transferred Employee shall be deemed to be, and treated as, a Non-Transferred Employee under this Agreement.