Parent Employee definition

Parent Employee means any director or any officer or any other employee (full-time or part-time) of any of the Parent Entities.

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Parent Employee means any current or former employee, independent contractor or director of Parent or the Parent Subsidiary.

Parent Employee has the meaning set forth in Section 4.15(a) hereto.

Examples of Parent Employee in a sentence

• No “prohibited transaction,” within the meaning of Section 4975 of the Code or Sections 406 and 407 of ERISA, and not otherwise exempt under Section 408 of ERISA, has occurred with respect to any Parent Employee Plan.

• Any Parent Employee Plan intended to be qualified under Section 401(a) of the Code has obtained a favorable determination letter (or opinion letter, if applicable) as to its qualified status under the Code.

• No Parent Employee Plan is or has been funded by, associated with or related to a “voluntary employees’ beneficiary association” within the meaning of Section 501(c)(9) of the Code.

• As a condition of receiving payments or benefits provided for in this Agreement, at the request of Company or Parent, Employee shall execute and deliver for the benefit of Company and Parent, and any subsidiary or affiliate of Company or Parent, a general release in the form set forth in Attachment A, and such release shall become effective in accordance with its terms.

• None of the Parent Entities, and no Parent Affiliate, maintains, sponsors or contributes to any Parent Employee Plan that is an employee welfare benefit plan (as such term is defined in Section 3(1) of ERISA) and that is, in whole or in part, self-funded or self-insured.

More Definitions of Parent Employee

Parent Employee means any current, former, or retired employee, officer, or director of Parent or any Affiliate;

Parent Employee means, a current employee of Parent or any of its Subsidiaries.

Parent Employee means any individual who, immediately prior to the Close of the Distribution Date, is either actively employed by, or then on Approved Leave of Absence from, any Parent Entity.

Parent Employee means, at the Distribution, any employee of Parent or its affiliates that is not a SpinCo Employee.

Parent Employee means an employee of the Parent or any of its Subsidiaries.

Parent Employee means an employee who is employed by Parent or a Parent Entity following the Distribution Date.

Parent Employee means each individual who, as of the Separation Effective Time, is (a) not a Lithium Employee and (b) either (i) actively employed by any member of the Parent Group or (ii) (x) an inactive employee (including any employee on short- or long-term disability leave or other authorized leave of absence) or (y) a former employee, in each case, of any member of the Parent Group.