Service Recipient definition

Service Recipient means the Company, any Parent or Subsidiary of the Company and any Related Entity to which a Participant provides services as an Employee, Consultant or as a Director.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Service Recipient means, with respect to a Participant holding a given Award, the member of the Company Group by which the original recipient of such Award is, or following a Termination was most recently, principally employed or to which such original recipient provides, or following a Termination was most recently providing, services, as applicable.

Service Recipient means the Company or Subsidiary of the Company to which a Participant provides services as an Employee, a Consultant or a Director.

Examples of Service Recipient in a sentence

For the avoidance of doubt, Service Recipient may engage in conversations with the Leased Employees regarding permanent employment with Service Recipient following the end of the Leasing Period.
Service Recipient may, in its sole discretion, discontinue receiving services from any of the Leased Employees identified in Schedule A during the applicable Leasing Period; provided that Service Recipient provides Service Provider with at least five (5) business days’ notice prior to the date Service Recipient wishes to cease receiving services from the applicable Leased Employee(s).
The Parties acknowledge and agree that Service Recipient may hire any Leased Employee who terminates their employment with the Service Provider.
With respect to the Leased Employees, during the Leasing Period, to the extent that the Service Provider performs any of the actions described on Schedule B hereto, Service Recipient shall reimburse Service Provider for all Leased Employee Costs (as defined on Schedule B), pursuant to the procedures set forth in Section 3(b).
Service Recipient acknowledges and agrees that Intellectual Property of third parties may be used in providing the Services, and that the access to and use of such Intellectual Property is subject to any terms, conditions and restrictions imposed by such third parties under the applicable agreements with such third parties.

More Definitions of Service Recipient

Service Recipient means, with respect to a Participant holding an Award, either the Company or an Affiliate of the Company by which the original recipient of such Award is, or following a Termination was most recently, principally employed or to which such original recipient provides, or following a Termination was most recently providing, services, as applicable.

Service Recipient means, the Company, any Subsidiary of the Company, or any Affiliate of the Company that satisfies the definition of “service recipient” within the meaning of Treasury Regulation Section 1.409A-1(g) (or any successor regulation), with respect to which the person is a “service provider” (within the meaning of Treasury Regulation Section 1.409A-1(f) (or any successor regulation).

Service Recipient means the person for whom the services are performed and with respect to whom the legally binding right to compensation arises, and all persons with whom such person would be considered a single employer under Section 414(b) or 414(c) of the Code.

Service Recipient has the meaning set forth in the preamble.

Service Recipient means the Company, any Parent or Subsidiary of the Company to which an Eligible Individual provides services as an Employee, Consultant or as a Director.

Service Recipient includes all of the following: (i) the corporation for which the Executive performs services (relating to the compensation deferred under this Agreement) at the time of a Change in Control Event; (ii) any corporation liable to pay deferred compensation under this Agreement; (iii) any corporation which owns more than 50 percent of the total fair market value and total voting power of any corporation described in clause (i) or (ii); and (iv) any corporation in a chain of corporations in which each corporation owns more than 50 percent of the total fair market value and total voting power of another corporation in the chain ending in a corporation described in clause (i) or (ii).

Service Recipient as defined in Section 1.1.4. The term "Change in Control" as defined in this Section 1.1 is intended to comply with all relevant provisions of Proposed Treasury Regulation Section 1.409A-3(g)(5) relating to changes in the ownership or effective control of a corporation and changes in the ownership of a substantial portion of the assets of a corporation.