Teralogix definition
Examples of Teralogix in a sentence
Buyer will credit each Continued Employee with (i) his accrued vacation, and (ii) his service with Company, AAQ or Teralogix, as the case may be, for purposes of providing vacation benefits under a vacation policy that is comparable to that provided to similarly situated employees of the WebMD Envoy segment of Buyer.
Buyer will have received the Transition Services Agreement, duly executed by Company, Teralogix and AAQ, and any agreement for the provision of services between either Teralogix or AAQ, on the one hand, and Company, on the other hand, will have been terminated in form and substance reasonably satisfactory to Buyer.
Schedule 3.18 of Sellers Disclosure Letter sets forth a complete list of each of the employees currently being employed by AAQ or Teralogix that are to become employees of Company upon the Closing (the “Transferred Employees”), and, on a per employee basis, their salaries, bonuses and other compensation, as well as vacation and other compensated absences accrued for each such employee.
Buyer will, for purposes of vesting and any period of service requirements for commencement of participation with respect to any Buyer Employee Plans in which Continued Employees may participate (but not for benefit accruals under any defined benefit plan) credit each Continued Employee with his terms of service with Company and its predecessors, and in the case of Transferred Employees, AAQ and Teralogix, as applicable.
As of the Closing, all employees of Company (including the Transferred Employees) will cease to participate in the health insurance plan, the 401(k) Plan, the Section 125 plan, and any other plan maintained by Sellers, AAQ, Teralogix, or any Affiliate thereof (other than Company).
Buyer will have received the Transfer Agreement, duly executed by Company, AAQ and Teralogix, and each of the transfers contemplated thereunder will have been completed free and clear of any Encumbrance.
Buyer will have received the Teralogix Amendment, duly executed by Teralogix, including by R▇▇▇▇▇ ▇▇▇▇ in his capacity as a Teralogix shareholder.