New Buyer Employees definition

New Buyer Employees means the Business Employees who commence working with Buyer on the Closing Date or continue to work with an Acquired Company on the Closing Date.

New Buyer Employees means the Business Employees who commence working with Buyers or a relevant Affiliate of Buyers, as applicable, after the Closing.

New Buyer Employees means those Employees who become employees of Buyer at or after the Closing.

Examples of New Buyer Employees in a sentence

• All Buyer Plans and Buyer severance pay plans, programs or practices shall recognize all credited service of New Buyer Employees with PKI and its subsidiaries for purposes of eligibility and vesting and level of benefits to the same extent such service was recognized under similar plans maintained by PKI or its subsidiaries immediately prior to the Closing Date, provided that the foregoing shall not apply to the extent it would result in a duplication of benefits for the same period of service.

• The terms of employment with Buyer’s designated Affiliate for New Buyer Employees shall be upon such terms and conditions as Buyer or its Affiliates determine in their discretion; provided, however, that such terms shall be, at the time of such offer, in the aggregate, comparable to the terms and conditions of their employment by Seller (other than any terms with respect to a particular term of employment).

• Subject to the requirements of law, the employment of all New Buyer Employees will be at will.

• Seller shall cooperate with Buyers and provide reasonable assistance to Buyers in connection with the transfer of any cell phone numbers of New Buyer Employees to Buyers to the extent that such cell phone numbers are transferable by Seller under the terms of the applicable Contract.

• Buyer agrees to offer New Buyer Employees the opportunity to participate in those fringe benefit plans of Buyer customarily made available to Buyer's other employees in similar positions and levels of seniority.

More Definitions of New Buyer Employees

New Buyer Employees shall have the meaning set forth in Section 10.1.1(a).

New Buyer Employees means the Business Employees who commence working with Buyer on the Local Transfer Date or continue to work with an Acquired Company on the Local Transfer Date or are treated as continuing in employment by application of the Transfer Regulations.

New Buyer Employees has the meaning ascribed to it in Section 6.1(b).

New Buyer Employees means the Business Employees who become employed by Buyer or its Designated Affiliates on the Closing Date or continue to work for a Business Subsidiary on the Closing Date. Buyer or its Designated Affiliates shall assume all Remaining Employee Expenses for all Business Employees employed on the Closing Date, including those on vacation, military leave, leave of absence (whether paid or unpaid), disability or layoff, who do not accept an offer of employment or who object (whether before or after accepting transfer to Buyer or its Designated Affiliate) to a transfer of their employment pursuant to local Laws (collectively, the “Remaining Seller Employees”); provided, however that in the case of Remaining Seller Employees of PKI Germany (the “German Remaining Employees”) (i) Buyer and PKI shall each bear one half ( 1/2) of the first $6,000,000 of Remaining Employee Expenses to such German Remaining Employees incurred during the period commencing on the date PKI Germany notifies the works council of the transactions contemplated by this Agreement and ending on the date nine (9) months thereafter and (ii) Buyer shall have responsibility for all other Remaining Employee Expenses with respect

New Buyer Employees means the Business Employees who commence working with Buyer or an Acquired Company or Business Subsidiary on the first day after the Closing Date or continue to work with an Acquired Company or Business Subsidiary on the first day after the Closing Date. With respect to any Business Employee whose employment will terminate in connection with the transactions contemplated by this Agreement, Parent shall pay, or cause to be paid, to such Business Employee the cash value of any vacation time or other paid time off that such Business Employee has accrued but not used as of the date of such Business Employee’s termination of employment. Section 9.4 shall apply to Business Employees employed outside the United States to the extent practicable, provided that Buyer shall in any event comply with applicable law and any Acquired Company agreements covering such employees.

New Buyer Employees means the Seller Business Employees who accept the Buyer's offer of employment and who commence working with the Buyer on or within thirty (30) days of the Closing Date (or, if later, the thirty (30) days following the last date on which the Seller Business Employee has a rehire right protected by law).

New Buyer Employees shall have the meaning set forth in Section 5.1.