Transferred Company Employee definition

Transferred Company Employee means any individual listed on Section 1.1(x) of the Seller Disclosure Schedule. Notwithstanding the foregoing, (a) no individual receiving long-term disability benefits shall be a Transferred Company Employee and (b) no EEI Employee as of the Closing Date shall be a Transferred Company Employee.
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Transferred Company Employee means an individual who is, immediately before the Closing, employed by any of the Transferred Companies or their respective Subsidiaries (including any employees on short-term or long-term disability or other leaves of absence).
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Transferred Company Employee shall have the meaning set forth in Section 6.10(a).
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Examples of Transferred Company Employee in a sentence

  • Seller shall cause each individual who would be a Transferred Company Employee but for the fact that he or she was on long-term disability leave on the Closing Date to continue to be eligible for disability benefits under the applicable Benefit Plan as in effect as of the date hereof unless and until such individual ceases to be disabled within the meaning of the applicable Benefit Plan as in effect on the date hereof.

  • Effective as of the Closing Date, IPH shall ensure commencement of coverage for each Transferred Company Employee who was a participant in the Welfare Plans of Seller and its Affiliates as of the Closing Date in Welfare Plans maintained by IPH and its Affiliates (but the foregoing shall not require any minimum level or specific type of Welfare Benefit or Welfare Plan).

  • Commencing immediately upon the Closing Date, IPH shall cause the Transferred Company or its Subsidiaries to continue the employment of each Transferred Company Employee and each EEI Employee.

  • IPH will offer or cause an Affiliate to offer employment to each individual who would be a Transferred Company Employee but for the fact that he or she was on long-term disability leave on the Closing Date and who is able to return to active employment within 180 days following the Closing Date (any such individual, a “Leave Employee”) on terms of employment substantially consistent with this Article VI.

  • Except as otherwise provided herein, the Company agrees to assume and to pay, perform, fulfill and discharge, in accordance with their respective terms, all liabilities arising under such Parent Plans relating to each Transferred Company Employee, certain Former Company Employees and certain Current Company Employees who are participating under any Parent Plans.

  • Other income: Other income is recognized as revenue when the service is performed.

  • As soon as practical after the Effective Time, Buyer shall use commercially reasonable efforts to provide the employees of the Company who are employed by Surviving Company after the Effective Time (each, a "Transferred Company Employee" and collectively, the "Transferred Company Employees") with substantially similar employee benefits (excluding cash and equity based compensation) as those provided to similarly situated employees of Buyer.

  • Parent hereby agrees to pay all insurance premiums or similar plan payments attributable to each participant who will become a Transferred Company Employee for the period ending on such participant's Transfer Date (or the end of the month thereafter if insurance premiums or third party administration deposits are paid on a monthly basis) under each Parent Plan listed on Schedule 2.1 hereto.

  • If any individual who becomes a Transferred Company Employee is on a leave of absence approved by Parent or any Parent Subsidiary on his or her Transfer Date, and continues on a leave approved by Company or any Company Subsidiary after the Transfer Date, then such leave shall continue under Company's leave policies; provided that the maximum aggregate amount and duration of such benefits as well as the duration of the leave shall not exceed such limits under the applicable Parent policy.

  • Seller shall cause each individual who would be a Transferred Company Employee but for the fact that he or she was on long-term disability leave on the Closing Date to continue to be eligible for disability benefits under the applicable -75- Electronic Filing - Received, Clerk's Office : 05/02/2013 Benefit Plan as in effect as ofthe date hereof unless and until such individual ceases to be disabled within the meaning of the applicable Benefit Plan as in effect on the date hereof.


More Definitions of Transferred Company Employee

Transferred Company Employee has the meaning set forth in Section 7.3.
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Transferred Company Employee is defined in Section 4.6(a).
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Transferred Company Employee means each current or former employee of any of the Transferred Companies.
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Transferred Company Employee means any individual who is a current or former employee of the Parent or any Parent Subsidiary and whose employment is transferred from Parent or any Parent Subsidiary to Company or any Company Subsidiary on or prior to the Effective Date or within three hundred sixty five days after the Effective Date. A Transferred Company Employee also includes any individual who is on a leave of absence approved by Parent or Parent Subsidiary and who is approved by the Company to commence employment with the Company or any Company Subsidiary upon completion of the leave of absence.
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Transferred Company Employee means any individual listed on Section 1.1 (x) of the Seller Disclosure Schedule. Notwithstanding the foregoing, (a) no individual receiving long- term disability benefits shall be a Transferred Company Employee and (b) no EEl Employee as of the Closing Date shall be a Transferred Company Employee.
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Related to Transferred Company Employee

  • Company Employee means any current or former employee, independent contractor or director of the Company or any Company Affiliate.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each “employee benefit plan,” within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Parent Employee means any current or former director, officer, manager or employee of Parent or any Parent Subsidiary.

  • SpinCo Employee means any individual who, as of the Effective Time, is employed by or will be employed by Spinco or any member of the Spinco Group, including active employees and employees on vacation and approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, short- or long-term disability leave, leave under the Family Medical Leave Act and other approved leave).

  • U.S. Employee means a person who is an employee of the Company (or of any Subsidiary) for purposes of section 422 of the Code.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Contract employee means a probationary faculty employee or a grant- funded employee hired on a year-to-year basis in accordance with Education Code 87470.

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Public employee means an individual holding a position by appointment or employment in the government of this state, in the government of 1 or more of the political subdivisions of this state, in the public school service, in a public or special district, in the service of an authority, commission, or board, or in any other branch of the public service, subject to the following exceptions:

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Transferred Entities means the entities set forth on Schedule 1.9.

  • Owner-Employee means a Self-Employed Individual who is a partner and owns more than 10% of either the capital or profits interest of the partnership.

  • Current Employees has the meaning set forth in Section 6.4(a).

  • Current Employee has the meaning set forth in Section 7.8(a).

  • Bona fide employee means a person, employed by a bidder and subject to the bidder's supervision and control as to time, place, and manner of performance, who neither exerts, nor proposes to exert improper influence to solicit or obtain contracts nor holds out as being able to obtain any contract(s) through improper influence.