Priority Employee Claim definition

Priority Employee Claim means that portion of an Allowed Claim that is
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Priority Employee Claim means a Claim that is entitled to priority up to $4,925 per employee pursuant to Section 507(a)(3) of the Bankruptcy Code.
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Priority Employee Claim means that portion of an Allowed Claim that is unsecured and that is entitled to priority under sections 507(a)(3) or (a)(4) of the Bankruptcy Code.
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Examples of Priority Employee Claim in a sentence

  • No valid Priority Governmental Claim, Priority Employee Claim or Preferred Claim shall be compromised by this Proposal.

  • Each ALPA Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.

  • Each ALPA Employee shall be deemed to hold an Allowed Priority Employee Claim equal in amount to such holder’s Employee Pro Rata Share of the ALPA Distribution.

  • Each AMFA Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.

  • Each TWU Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.

  • Each Batman Employee shall be deemed to hold an Allowed General Unsecured Claim equal in amount to the excess of such holder’s Employee Claim over the Allowed Priority Employee Claim.

  • It will do so by identifying the necessary mechanisms and elements of context.

  • Each Holder of an Allowed Class 1 Claim shall receive, in full and final satisfaction of such Allowed Class 1 Claim on or as soon as practicable following the Effective Date: (i) Cash equal to the Allowed amount of such Priority Employee Claim; or (ii) such other treatment as may be agreed upon with the Holder of such Priority Employee Claim, on the one hand, and the Plan Sponsor and the Debtor, or the Reorganized Debtor (as applicable), on the other hand.

  • Each AMFA Employee shall be deemed to hold an Allowed Priority Employee Claim equal in amount to such holder’s Employee Pro Rata Share of the AMFA Distribution.

  • The Reorganized Debtor shall assume and either pay or honor in the ordinary course of business, any Allowed Class 1 Priority Employee Claim for any employee that is employed by the Reorganized Debtor on the Effective Date of the Plan.


More Definitions of Priority Employee Claim

Priority Employee Claim means a Claim of a current or former employee of Debtor of the kind specified in section 507(a)(3) of the Bankruptcy Code.
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Priority Employee Claim means Unsecured Claim, or that portion thereof, that is entitled to priority in payment under Bankruptcy Code section 507(a)(4) and (5).
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Priority Employee Claim means that portion of a Claim that is entitled to priority under Bankruptcy Code § 507(a)(3) or (a)(4).
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Priority Employee Claim means an Employee Claim, or the portion thereof, that is entitled to priority in payment under 11 U.S.C. § 507(a)(4) and (5), Administrative Claims under
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Priority Employee Claim means Claims held by employees of the Debtor pursuant to Bankruptcy Code section 507(a)(4).
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Related to Priority Employee Claim

  • Employee Claims means any claims (including all fines, judgments, penalties, costs, litigation and/or arbitration expenses, attorneys’ fees and expenses, and costs of settlement with respect to any such claim) made by or in respect of an employee or potential hire of Manager against Manager and/or Lessee which are based on a violation or alleged violation of the Employment Laws or alleged contractual obligations.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • Allowed Administrative Claim means an Allowed Claim that is an Administrative Claim.

  • AWR Claim means any complaint or claim to a tribunal or court made by or on behalf of the Agency Worker against the Hirer and/or the Employment Business for any breach of the AWR;

  • Administrative Claim Bar Date means the deadline for filing requests for payment of Administrative Claims, which shall be 30 days after the Effective Date.

  • Administrative Claims Bar Date means the deadline for Filing requests for payment of Administrative Claims, which: (a) with respect to Administrative Claims other than Professional Fee Claims, shall be 30 days after the Effective Date; and (b) with respect to Professional Fee Claims, shall be 45 days after the Effective Date.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • SpinCo Employee means any individual who, as of the Effective Time, is employed by or will be employed by Spinco or any member of the Spinco Group, including active employees and employees on vacation and approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, short- or long-term disability leave, leave under the Family Medical Leave Act and other approved leave).

  • DIP Claim means any Claim arising under, derived from or based upon the DIP Facility or DIP Orders, including the DIP Exit Backstop Premium and the guarantees in respect thereof under the DIP Facility Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising under or related to the DIP Facility.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Priority Non-Tax Claim means any Claim other than an Administrative Expense Claim or a Priority Tax Claim, entitled to priority in payment as specified in section 507(a) of the Bankruptcy Code.

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

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

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Superpriority Claim means a claim against the Borrower and any Guarantor in any of the Cases which is an administrative expense claim having priority over any or all administrative expenses of the kind specified in Sections 503(b) or 507(b) of the Bankruptcy Code.

  • Administrative Claims means Claims that have been filed timely and properly before theAdministrative Claims Bar Date set forth in the Confirmation Order (except as otherwise provided by a separate order of the Bankruptcy Court), for costs and expenses of administration under sections 503(b), 507(b), or 1114(e)(2) of the Bankruptcy Code, including, without limitation: the actual and necessary costs and expenses incurred after the Petition Date of preserving the Estates and operating the businesses of the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises). Any fees or charges assessed against the Estates under section 1930 of chapter 123 of title 28 of the United States Code are excluded from the definition of Administrative Claims and shall be paid in accordance with Article V.N of the Plan. Notwithstanding anything to the contrary in this Plan, the filing of an Administrative Claim shall not be required in order to receive payment for any tax liability described in sections 503(b)(1)(B) and (C) in accordance with section 503(b)(1)(D) of the Bankruptcy Code.

  • Priority Non-Tax Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Tax Claim has the meaning set forth in Section 6.05.

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Inactive Employee means an employee who is not actively at work due to approved leave of absence, short-term disability leave or military leave.

  • Priority habitat means a habitat type with unique or significant value to one or more species. An area classified and mapped as priority habitat must have one or more of the following attributes:

  • Other Priority Claims means any Claim, other than an Administrative Claim or a Priority Tax Claim, entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.