Seller Retained Employees definition

Seller Retained Employees has the meaning set forth in Section 5(v).
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Seller Retained Employees shall have the meaning given such term in Section 5.10(a) hereof.
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Seller Retained Employees means those employees of Seller identified by Seller as “Seller Retained Employees” between the date hereof and the Closing Date whose employment is reasonably necessary to facilitate Seller’s post-Closing operations and not primarily related to the operations of the Business; provided that the aggregate number of Seller Retained Employees shall not exceed twenty-five (25) employees of Seller; provided, further, that “Seller Retained Employees” does not include any employees of Seller who remain at Seller on a temporary basis, pending approval of a visa covering employment with the Company, and whose services are provided to the Company pursuant to a mutually agreed services agreement.
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Examples of Seller Retained Employees in a sentence

  • Table 5: Comparison of Values of Common Materials and Methods from Various Industry Sources 2018 Value (CAD/unit)Item UnitINAC CRM Community ProjectConsultant ContractorHighContractor LowTrench m * 33 96 196 95Plough m * 11 30 N/A N/A* CRM includes only the cost of installed pipe and does not specify by which method** Values for piping include the cost of installation Clearly, general comparisons for each metric indicate no strong association between values for sources.

  • Buyers shall offer employment, effective as of the Closing Date, to substantially all of the Covered Employees (other than the Seller Retained Employees, which neither Buyer shall employ without the prior written consent of Sellers) as of the Closing Date in sufficient numbers and at sufficient terms and conditions of employment so as to give rise to no Seller obligation or liability under the WARN Act with respect to any Covered Employee.

  • The Sellers and the Shareholders shall be responsible and liable for any and all severance obligations with respect to the Seller Retained Employees, provided, however, that the Buyer shall make COBRA coverage available to the Sellers' COBRA beneficiaries, at Buyer's COBRA rates, from and after the date on which the Sellers terminate and cease to provide a group health plan.

  • Without limiting the generality of the foregoing, Seller will use its reasonable best efforts to assist Buyer in the timely preparation and filing of audited, unaudited interim and pro forma financial statements for the Business as required to be filed with the U.S. Securities and Exchange Commission, including continuing the employment or retention of Seller’s accounting personnel who are Seller Retained Employees or contractors, at no cost to Buyer, until the satisfaction of such filing obligations.

  • Buyer and its Affiliates (including, following the Closing Date, any Acquired Company) shall not have any responsibility for liabilities relating to or in respect of (1) any Offer and Acceptance Employees or Transferring Employees who do not become New Buyer Employees, except as expressly provided herein, (2) Seller Retained Employees, (3) current employees of the PKI Group who are not Business Employees or (4) Former Business Employees.

  • Buyer shall be solely responsible and liability for providing, or continuing to provide, heath care continuation coverage as required under COBRA with respect to any individual who experiences a COBRA “qualifying event” in connection with the transactions contemplated by this Agreement (excluding the Seller Retained Employees).

  • Parent shall be solely responsible and shall indemnify and hold harmless Buyer, the Transferred Companies and their respective Affiliates from Losses relating to the terminations or transfers of employment of Remote Employees and Seller Retained Employees described in this Section 9.3(b), other than, in the case of the Remote Employees, as a result of Buyer’s (or its Subsidiaries’) failure to comply with its obligations as set forth in this Section 9.3(b).

  • Buyer and its Affiliates (including, following the applicable Local Transfer Date, any Acquired Company) shall not have any responsibility for liabilities relating to or in respect of (1) any Offer and Acceptance Employees or Transferring Employees who do not become New Buyer Employees, except as expressly provided herein, (2) Seller Retained Employees, (3) current employees of the PKI Group who are not Business Employees or (4) Former Business Employees.

  • From and after the Closing date, Seller shall reasonably assist and cooperate with Buyer, at Buyer’s sole cost and expense, in enforcing the terms of any existing noncompetition agreements Seller has entered into with Seller Retained Employees.

  • The Seller shall be solely liable for any severance payments required to be made to the Seller Retained Employees or Hired Employees arising out of their employment (or the termination of their employment) by Seller.


More Definitions of Seller Retained Employees

Seller Retained Employees means those employees of the Company or its Subsidiaries who the Seller shall retain prior to the Closing, the list of which has been provided to the Purchaser by the Seller five (5) Business Days prior to Closing.
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Seller Retained Employees has the meaning ascribed to such term in the Purchase Agreement. Table of Contents
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Seller Retained Employees means Business Employees who are not offered employment with, or who do not accept employment with, Buyer or one of its Subsidiaries.
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Seller Retained Employees means the employees of the Target Companies listed on Exhibit J attached hereto.
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Seller Retained Employees means Xxxxxxx Xxxxx, Xxxxxx Xxxx, Chuanjian Gong, Xxxxx Xx, Xxxx Xxx, Xxxx Xxx, Yaofeng Ni, Xxxxxxx Xxxxx, Xxxxx Xxxx and Xxxxx Xxxxxxx;
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Seller Retained Employees has the meaning set forth in Section 8.8.
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Related to Seller Retained Employees

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Hired Employees has the meaning set forth in Section 6.1(a).

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

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

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

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

  • Designated Employees means a person occupying any of the following position in the Company:

  • Business Employees has the meaning set forth in Section 4.10(a).

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

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

  • 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.

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

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

  • Part-Time Employees means employees employed on a permanent basis, but obligated to work less than a full (i.e., forty-hour) work week.

  • Key Employees means each of the following individuals: Xxx Xxxxxxx, Xxxxx Xxxxxxxx, Xxxxx Xxxxxx and Xxxxx Xxxxxxx.

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

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

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

  • Returning Employees means those persons listed in a schedule to be agreed by the Parties prior to the end of the Contract Period who it is agreed were employed by the Contractor (and/or any Sub-Contractor) wholly or mainly in the supply of the Services immediately before the end of the Contract Period.

  • Business Employee means any Person who is a present or former employee of Seller at any time prior to or on the Closing Date, and who provided or previously provided any services relating to the Business.

  • Covered Employees has the meaning set forth in Section 5.11(a).

  • Other Employees means, all the employees other than the Directors, KMPs and the Senior Management Personnel.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Casual Employees means employees who are employed on a casual basis and includes persons who are employed for periods not exceeding five days at any one time.