U.S. Employee definition

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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

U.S. Employee means an employee of the Company or any of its present or future parent or subsidiary corporations, as defined in Sections 424(e) or (f) of the Code who is either a U.S. resident or U.S. taxpayer.

U.S. Employee means any Optionee who is a U.S. resident or otherwise subject to the provisions of this Appendix, employed by the Company or any Parent or Subsidiary of the Company as determined under the rules contained in Code Section 3401. Neither service as a director nor payment of a director's fee by the Company shall be sufficient by itself to constitute "employment" by the Company.

Examples of U.S. Employee in a sentence

• The assets used in the Transaction (1) are not assets of any “plan” (as such term is defined in Section 4975 of the U.S. Internal Revenue Code (the “Code”)) subject to Section 4975 of the Code or any “employee benefit plan” (as such term is defined in Section 3(3) of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) subject to Title I of ERISA, and (2) do not constitute “plan assets” within the meaning of Department of Labor Regulation 2510.3-101, 29 CFR Section ▇▇▇▇-▇-▇▇▇.

• The Restricted Stock Units may not be sold, assigned, pledged, exchanged, hypothecated, encumbered, disposed of, or otherwise transferred, except by will or the laws of descent and distribution or pursuant to a “qualified domestic relations order” as defined by the Code or Title I of the U.S. Employee Retirement Income Security Act of 1974, as amended, or similar order.

• US Employee Retirement Income Security Act of 1974, as amended, and its rules and regulations.

• The U.S. Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings issued thereunder.

• The U.S. Employee Retirement Income Security Act of 1974, as amended from time to time.

More Definitions of U.S. Employee

U.S. Employee means a U.S. Person treated as an employee (including a member of the Board who is also treated as an employee) in the records of a member of the Group and, with respect to any Incentive Stock Option granted to such person, who is an employee for purposes of Section 422 of the U.S. Code; provided, however, that neither service as a member of the Board nor payment of a director’s fee is sufficient to constitute employment for purposes of these U.S. Rules.

U.S. Employee means any Business Employee who is employed primarily in (or, in the case of any expatriate Business Employee, whose home country is) the United States immediately prior to the Closing, other than a Union Employee.

U.S. Employee means individuals employed by the Company.

U.S. Employee means any Employee employed in the United States.

U.S. Employee means an Eligible Individual who:

U.S. Employee means any living natural person who is a citizen or permanent resident alien (as defined by the US Citizenship and Immigration Services) of the United States or whose principal place of employment is within the United States.

U.S. Employee means each employee of Motorola or any Affiliate of Motorola on a U.S. payroll immediately prior to the Reorganization Date who works in or is assigned to the SPS Business and is listed on Schedule 1.13, as such Schedule 1.13 shall be amended between the Reorganization Date and the Distribution Date to reflect changes which the Parties agree have occurred in the ordinary course of business and to comply with Section 1.14 below. Schedule 1.13 shall be completed by Motorola in cooperation with Freescale; an initial version shall be agreed between Motorola and Freescale within a reasonable period of time prior to the Reorganization Date; and an updated version thereof shall be agreed between Motorola and Freescale within a reasonable period of time after the Distribution Date.