Neither PPC, any of its Subsidiaries nor any ERISA Affiliate thereof has any commitment or formal plan, whether legally binding or not, to create any additional employee benefit plan or modify or change any existing PPC Benefit Plan that would affect any PPC Employee.
Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:
Transferred Employee has the meaning set forth in Section 6.01(a).
Company Employee means an employee of the Company or any of its Subsidiaries.
SpinCo Employee has the meaning set forth in the Employee Matters Agreement.
Business Employee means any employee who is employed by Seller, the Company or any of their respective Affiliates (regardless of whether such employee is inactive due to illness, disability, workers’ compensation or other approved leaves of absence) whose services are primarily related to the Business.