Transferred Employee definition

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

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Transferred Employee shall have the meaning set forth in Section 11.1.

Transferred Employee has the meaning set forth in Section 4.12(b).

Examples of Transferred Employee in a sentence

Notwithstanding the foregoing, Seller shall retain the responsibility and liability to continue to provide continuation coverage pursuant to Section 4980B after the Closing Date for any individual associated with the Operations (or associated with a Business Employee), including but not limited to a Transferred Employee, whose COBRA qualifying event occurred prior to the Closing Date.
From and after the Closing Date, Buyer shall and shall cause its Affiliates (including the Company) to grant each Transferred Employee credit for any service with Seller and its Affiliates earned before the Closing Date for purposes of eligibility, vacation accrual, vesting and levels of benefits under any Buyer Plan to the same extent as such Transferred Employee was entitled immediately before the Closing in a comparable Benefit Plan.
As part of the Pre-Closing Reorganization, and prior to the Distribution Effective Time, RemainCo Group shall transfer and assign the employment of each Transferred Employee to a member of the SpinCo Group.
The Parties agree that the transfer of each Transferred Employee’s employment to a member of the SpinCo Group shall not be deemed to be a termination of employment by the applicable member of the RemainCo Group and shall not trigger any obligation to pay severance, separation pay, salary continuation or other similar benefits to such Transferred Employee.
No provision of this Agreement shall be construed to create any right to any compensation or benefit on the part of any Transferred Employee or other future, present, or former employee of any member of the SpinCo Group or RemainCo Group under any Transferred Plan or otherwise.

More Definitions of Transferred Employee

Transferred Employee shall have the meaning ascribed to such term in Section 5.7(a).

Transferred Employee has the meaning set forth in Section 8.7(a)(i).

Transferred Employee means an employee of Seller who accepts an offer of employment from Purchaser and commences employment with Purchaser. Such employee shall be considered a Transferred Employee as of the time he or she first performs services for Purchaser on or after the Closing Date other than pursuant to the terms of the Transition Services Agreement as an employee leased to Purchaser pursuant thereto.

Transferred Employee means a person referred to in subclause (4) who, immediately before becoming a Commission employee, was employed for an indefinite period in the Public Service.

Transferred Employee means each Employee of the Business who, as of the Applicable Closing Date (or, if applicable, such later date that such employee commences employment with Buyer or one of its Affiliates), becomes an employee of Buyer or one of its Affiliates whether by operation of Law or by acceptance of Buyer’s or one of its Affiliate’s offer of employment pursuant to Section 8.01.

Transferred Employee shall have the meaning set forth in Section 2.3 hereof.

Transferred Employee means an employee of Seller who receives and accepts an employment offer of the Buyer in connection with the sale of the Business.