Post-Closing Employee Termination Liability definition

Post-Closing Employee Termination Liability means any Termination Liability incurred by the Company and/or Company Subsidiary as a result of the termination prior to the one (1) year anniversary of the Effective Time of any employee of the Company or a Company Subsidiary who was an employee of the Company or a Company Subsidiary at the Effective Time. For purposes of calculating the Post-Closing Employee Termination Liability with respect to any employee, such calculation shall be made based on the salary, compensation, and benefits to which such employee was ordinarily entitled at the Effective Time.
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Examples of Post-Closing Employee Termination Liability in a sentence

  • The standard stipulates minimum boiler efficiencies, pipe insulation levels, and individual controls.

Related to Post-Closing Employee Termination Liability

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Fraud Loss Coverage Termination Date The point in time at which the Fraud Loss Coverage Amount is reduced to zero.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Medical benefit plan means a plan established and maintained by a carrier, a voluntary employees' beneficiary association described in section 501(c)(9) of the internal revenue code of 1986, 26 USC 501, or by 1 or more public employers, that provides for the payment of medical benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits, for public employees or elected public officials. Medical benefit plan does not include benefits provided to individuals retired from a public employer or a public employer's contributions to a fund used for the sole purpose of funding health care benefits that are available to a public employee or an elected public official only upon retirement or separation from service.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Excluded Employees has the meaning set forth in Section 2.5(a)(iv).

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Affected Employees means those employees who are exposed to the hazard(s) identified as a violation(s) in a citation.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Hired Employee has the meaning set forth in Section 6.1.6.

  • Continuing care retirement community means a residential

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.