Undisclosed Employee definition
Examples of Undisclosed Employee in a sentence
If any person not designated as an Employee asserts or establishes that his or her employment has transferred to the Buyer or a Buyer Affiliate pursuant to the Transfer Regulations (an Undisclosed Employee) upon Closing, the Buyer or a Buyer Affiliate shall, within 14 Business Days of being so informed either by the Undisclosed Employee or by the Seller (whichever is the earlier) inform the Seller whether or not the Buyer wishes to employ the Undisclosed Employee.
If the Buyer does not wish to employ the Undisclosed Employee, the Seller shall within 14 Business Days of being so informed be entitled at its absolute discretion to offer employment to the Undisclosed Employee.
If Buyer does not want the French Undisclosed Employee to be so employed Seller shall within seven (7) days of being so advised be entitled to offer employment to the French Undisclosed Employee at its sole discretion.
In the event that (a) such an offer is not made or (b) such an offer is made and not accepted by the French Undisclosed Employee then Buyer shall be entitled to terminate the French Undisclosed Employee's employment and in such event Buyer shall be indemnified by Seller, in accordance with Clause 11.3, in respect of any Liability which it or any Affiliate of Buyer may sustain arising under or in connection with the French Undisclosed Employee's contract of employment and the termination thereof.
No Undisclosed Employee Benefit Plan Liabilities or Severance Arrangements.................................................16 SECTION 2.12.