STC Employee definition
Examples of STC Employee in a sentence
In recognition of this, Employee represents and agrees that, except as specifically authorized in writing by STC, Employee will not, either during or after the Term hereof (i) disclose any Information to any person or entity for any purpose whatsoever, or (ii) make use of any Information for its own purposes or for the benefit of any other person or entity, other than STC.
All material reports, returns and similar documents with respect to each STC Employee Plan required to be filed with any governmental agency or distributed to any STC Employee Plan participant have been duly timely filed and distributed.
STC has furnished, or will make available upon request, to Epitope copies of the most recent Internal Revenue Service determination letters with respect to each such STC Employee Plan.
Such plans are referred to collectively herein as the "STC Employee Plans".
With respect to those individuals who subsequent to the Mergers will be subject to the reporting requirements under Section 16(a) of the Exchange Act, where applicable, the Surviving Corporation shall administer the STC Employee Plans in a manner consistent with the exemptions provided by Rule 16b-3 promulgated under the Exchange Act.
Until such adoption, the Surviving Corporation shall cause all Epitope Employee Plans and all STC Employee Plans to be maintained in full force and effect.
If either party, in seeking to enforce any STC Employee Agreement, notifies the other party that it requires, or desires, the other party to join in such action, then the other party shall do so.
To the Knowledge of STC, no condition exists and no event has occurred that would be reasonably likely to constitute grounds for termination of any STC Employee Plan that is a Retirement Plan.
To the extent permitted by law, the Surviving Corporation shall comply with the terms of the STC Employee Plans and shall take such reasonable steps as are necessary or required by, and subject to the provisions of, such STC Employee Plans, to have the stock options which qualified as incentive stock options prior to the Effective Time continue to qualify as incentive stock options of the Surviving Corporation after the Effective Time.
NPTest affirmatively covenants to ensure that any NPTest Employee on short-term disability or leave of absence as of the Health Plans Transition Date shall be immediately covered under the NPTest short-term disability coverage and all other NPTest Health and Welfare Plans, and shall receive the same disability benefits as such employee would have received if he had remained an STC Employee.