US Continuing Employee definition

US Continuing Employee has the meaning set forth in Section 6.02(b).
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US Continuing Employee has the meaning set forth in Section 4.2(a).
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US Continuing Employee has the meaning set forth in Section 4.2(a). [Signature Page Follows]
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Examples of US Continuing Employee in a sentence

  • Each U.S. Continuing Employee shall be paid by the Company in cash for any accrued and unused vacation days as of the Effective Time under the plans and policies of the Company and its Subsidiaries.

  • The Parent shall take all steps reasonably necessary to permit each U.S. Continuing Employee who has an outstanding loan under the Company’s 401(k) plan to roll over such loan into an account under the Parent’s 401(k) plan, if and to the extent such rollovers are not prohibited under the participant’s loan agreement or the Company’s loan procedures.

  • Buyer shall permit each U.S. Continuing Employee who meets the eligibility criteria of the Buyer 401(k) Plan to participate (or continue participation) in the Buyer 401(k) Plan, and Buyer agrees to cause the Buyer 401(k) Plan to accept rollovers by Continuing Employees from the Seller 401(k) plans, including promissory notes evidencing all outstanding loans, to the extent allowed by the Buyer 401(k) Plan and in accordance with the Law.

  • For one year following the Effective Time, Acquiror shall (i) cause the Surviving Corporation (or its respective direct and indirect Subsidiaries) to, continue to pay each Continuing Employee employed in the United States (each, a “U.S. Continuing Employee”) a base salary that is no less than the current base salary for such U.S. Continuing Employee and (ii) provide U.S. Continuing Employees with employee benefits substantially comparable to those provided to similarly situated employees of Acquiror.

  • Each US Continuing Employee will be treated as if his participation in Acquiror’s FSA had been continuous from the beginning of the plan year under Seller’s FSA in which the Closing occurs and each existing salary reduction election will be taken into account for the remainder of the plan year under Acquiror’s FSA in which the Closing occurs, as if made under Acquiror’s FSA.

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  • If the Company’s 401(k) plan is terminated prior to the Effective Time pursuant to Section 7.11, each U.S. Continuing Employee will be eligible to participate as soon as reasonably practicable after the Effective Time in the Parent plan that is intended to be qualified under Section 401(k) of the Code.

  • During the Continuation Period, Acquiror or one of Acquiror’s Affiliates will cover each US Continuing Employee who has elected to participate in a flexible spending account plan maintained by Parent or any of its Affiliates (“Parent’s FSA”) under a flexible spending account plan maintained by Acquiror or one of Acquiror’s Affiliates (“Acquiror’s FSA”) at the same level of coverage elected under Parent’s FSA.

  • Each ----------------------------------- U.S. Continuing Employee who, as of the Closing Date, had satisfied the service requirements for participation in the Buyer Savings Plan, and who is actually participating in the Seller Savings Plan shall become an active participant in the Buyer Savings Plan, shall make new salary deferral and investment elections and execute such other documentation as may be reasonably required by the Buyer Savings Plan.

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More Definitions of US Continuing Employee

US Continuing Employee has the meaning given to it in Section 5.9.
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US Continuing Employee. 1.2(b)(v) “WARN Act” 2.12(i)
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US Continuing Employee shall have the meaning set forth in Section 13.1(a);
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US Continuing Employee has the meaning given to such term in the Separation Agreement.
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Related to US Continuing Employee

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Hired Employee has the meaning set forth in Section 6.1.6.

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

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Ongoing employee means an employee who has been employed for at least one complete standard measurement period.

  • Servicer Employee As defined in Section 3.18.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Retired Employee means an employee of the state who retired after April 29, 1971,

  • 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.

  • existing employee means an employee who elected to participate in the Virginia Sickness and

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Administrative employee means an employee who normally supervises persons engaged in office administration, construction, security or maintenance work who are represented by another trade union. This definition includes employees who share a community of interest with “supervisors”.

  • Business Employee means any Person who is a present or former employee of Seller at any time prior to or on the Closing Date, and who provided or previously provided any services relating to the Business.

  • Excluded Employee means an employee as defined in section 3527, subd. (b) of the Government Code (Ralph C. Dills Act) except those excluded employees who are designated managerial pursuant to section 18801.1 of the Government Code.

  • Benefits Continuation Period has the meaning set forth in Section 6.01(b).

  • Affected employee means an employee who would be affected by the grant or denial of a variance, or any one of the employee’s authorized representatives, such as the collective bargaining agent.

  • 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.

  • Regular Employee is one who works on a full-time or part-time basis on regularly scheduled shifts of a continuing nature:

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Company Employee means an employee of the Company or any of its Subsidiaries.

  • SpinCo Employee means any individual who, immediately following the Distribution Date, will be employed by Spinco or any member of the Spinco Group in a capacity considered by Spinco to be common law employment, including active employees and employees on vacation and approved leaves of absence (including maternity, paternity, family, sick, short-term or long-term disability leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, and leave under the Family Medical Leave Act and other approved leaves).

  • Surplus Employee is an employee who has been given notice of termination/layoff by the Company or an employee who may be displaced or who is displaced from his/her position.

  • Active Employee means a contributing member of the TRS who is employed by a public school and is not entitled to coverage under a plan provided under Insurance Code Chapter 1551 (Texas Em- ployees Group Benefits Act) or 1601 (State University Employees Uniform Insurance Benefits Act).

  • Senior Employee means a person who, at any time during the last twelve months of Executive’s period of employment hereunder: