Subsidiary Employee definition

Subsidiary Employee means an Executive Employee of an Employing Company which has undergone a Subsidiary Change in Control.

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Subsidiary Employee means an Employee of an Employing Company which has undergone a Subsidiary Change in Control whose employment is not immediately transferred to another Employing Company upon such Subsidiary Change in Control.

Subsidiary Employee means an employee of a Subsidiary of the Company.

Examples of Subsidiary Employee in a sentence

So long as Employee is employed by Employer or Subsidiary, Employee shall observe and fulfill proper standards of fiduciary responsibility attendant upon his service and office.
If Employee is a director of a Singapore Subsidiary, Employee must notify the Singapore Subsidiary in writing within two business days of Employee receiving or disposing of an interest (e.g., Performance Stock Units, shares of Stock, etc.) in the Company or any Subsidiary or within two business days of Employee becoming a director if such an interest exists at the time.
If Employee is a director of a Singapore Subsidiary, Employee must notify the Singapore Subsidiary in writing within two business days of Employee receiving or disposing of an interest (e.g., Restricted Stock Units, shares of Stock, etc.) in the Company or any Subsidiary or within two business days of Employee becoming a director if such an interest exists at the time.
If Employee is a director of the Company’s Malaysian Subsidiary, Employee is subject to certain notification requirements under the Malaysian Companies Act 2016 with regards to the acquisition or disposal of shares of Stock, or rights or options in respect of the acquisition or disposal of the shares of Stock or participatory interests made available by the Company’s Malaysian Subsidiary or any related company.
Upon the termination of Employee’s employment with the Subsidiary, Employee agrees to deliver forthwith to the Subsidiary any and all literature, documents, correspondence, and other materials and records furnished to or acquired by Employee during the course of such employment.

More Definitions of Subsidiary Employee

Subsidiary Employee means an employee of a Participating Subsidiary that has undergone a Subsidiary Change in Control, or an employee of any Subsidiary of such Participating Subsidiary, in each case who does not become an employee of another Participating Subsidiary or a Subsidiary thereof immediately following such Subsidiary Change in Control. The Administrator may in its sole discretion deem one or more employees of any corporation or entity Controlled by Southern Company to be employed by a Participating Subsidiary or a Subsidiary thereof for purposes of being covered as a Subsidiary Employee under this Plan if such employee renders substantial services to such Participating Subsidiary or Subsidiary thereof on a contract or other reimbursement basis with his actual employer. Such action shall be in writing prior to the Subsidiary Change in Control impacting such Subsidiary Employee, shall identify the nature and extent of the services rendered for such Participating Subsidiary or Subsidiary thereof and shall cause such an employee to be a Subsidiary Employee entitled to benefits under this Plan only in the event of a Subsidiary Change in Control of his deemed Participating Subsidiary (or the Participating Subsidiary that is the parent of his deemed Subsidiary), not his actual employer (which may or may not be a Participating Subsidiary). In the event that any employee deemed to be employed by another Participating Subsidiary or Subsidiary thereof ceases to provide substantial services to such deemed Participating Subsidiary or Subsidiary thereof, the Administrator shall revoke the action taken pursuant to this Section

Subsidiary Employee means an employee of an Employing Company which has undergone a Subsidiary Change in Control whose employment is not immediately transferred to another Employing Company upon such Subsidiary Change in Control. The Administrative Committee may deem one or more employees of a particular subsidiary or affiliate of Southern Company, or of any corporation or entity Controlled by a subsidiary or affiliate of Southern Company, to be employed by an Employing Company for purposes of being covered under this Policy. Such action shall be in writing and shall cause such an employee to only be entitled to benefits under this Policy in the event of a Change in Control of his deemed Employing Company, and not his actual employing company.

Subsidiary Employee means an employee of an Employing Company that has undergone a Subsidiary Change in Control who does not become an employee of another Employing Company immediately following such Subsidiary Change in Control. The Operating Committee may in its sole discretion deem one or more

Subsidiary Employee means each individual employed as of the Closing Date by one of the Specified Entities.

Subsidiary Employee means any individual employed by CMI, CEL or any of their respective Subsidiaries as of the time in question, whether actively at work or on approved leave of absence.

Subsidiary Employee has the meaning set forth in Section 5.2(a).

Subsidiary Employee means all current or former employees or directors of any Subsidiary.