Transferred Business Employee definition

Transferred Business Employee has the meaning specified in Section 7.01(a).

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Transferred Business Employee has the meaning set forth in Section 4.4(a).

Transferred Business Employee means each individual employed by a Transferred Entity as of immediately prior to the Closing and each individual listed on Section 7.8 of the Seller Disclosure Schedule, provided such individual accepts the offer of employment with Purchaser or its Affiliate as set forth in Section 7.8.

Examples of Transferred Business Employee in a sentence

Each such employee who accepts such offer and returns to work not later than six months following the Closing shall become a Transferred Business Employee effective as of the date of such return and all references to the “Transfer Date” (other than in this Section 6.01(a) and Section 6.01(c)) shall be deemed to refer to the date on which such employee commences employment with Celsius or its Affiliates as the context so requires.
Celsius shall provide that each Transferred Business Employee shall, for the fiscal year in which the Transfer Time occurs, be paid an amount no less than the amount accrued in Closing Net Working Capital with respect to his or her (i) annual bonus for the applicable fiscal year, and (ii) long-term cash incentive for completed performance periods, as applicable.
In addition, if the employment of any Transferred Business Employee is terminated by Celsius without cause (as determined by Celsius in good faith and consistent with past practice) after the Closing Date but prior to the first anniversary of the Closing Date, Celsius shall provide severance benefits no less favorable than those provided to similarly situated employees of Celsius.

More Definitions of Transferred Business Employee

Transferred Business Employee means each Business Employee who commences or continues employment with the Company or any of the Transferred Subsidiaries immediately after the Closing Date.

Transferred Business Employee means each Business Employee who accepts the offer of employment made by Purchaser pursuant to Article XII hereof.

Transferred Business Employee means any Business Employee who commences employment with Apotex or its Affiliates.

Transferred Business Employee means each Transferred Entity Employee and each Leased Employee who accepts Purchaser’s offer of employment and commences employment with Purchaser or any of its Affiliates.

Transferred Business Employee has the meaning specified in Section 8.4(c).

Transferred Business Employee means each (a) Transferred Entity Employee, (b) Offer Employee (including Delayed Transfer Employee) and

Transferred Business Employee has the meaning set forth in Section 4.5(a). “Transition Services Agreement” has the meaning set forth in Section 8.1(g). “Work-In-Process” has the meaning set forth in Section 1.1(b).