New Employer means, after a Change in Control, a Participant’s employer, or any direct or indirect parent or any direct or indirect majority-owned subsidiary of such employer.
New Employer means a Participant's employer, or the parent or a subsidiary of such employer, immediately following a Change in Control.
New Employer means the Grantee's employer, or the parent or a subsidiary of such employer, immediately following a Change in Control.
Examples of New Employer in a sentence
In the event that the Company enters into any contract in connection with this Agreement with a New Employer, it shall without limit on time and from the date of this Agreement impose obligations on the New Employer no less favourable to the Eligible Employees than those imposed on the Company pursuant to clause 13 of this Agreement and shall procure that the New Employer complies with such terms.
More Definitions of New Employer
New Employer means a business newly established in the clothing and garment knitting sector, during the first 12 months of its existence in the sector; Provided that if an existing business undergoes a change of name or ownership (including a change of directors, members or partners) while largely retaining the same employees and/or clients, it shall not be regarded as a new employer. [See also the proviso to clause 4(1)].
New Employer means any employer who has been an employer as defined in this chapter and whose account has been chargeable with benefits for less than one fiscal year immediately preceding the computation date.
New Employer means a school at which the teacher has been offered and accepted employment.
New Employer means any Employer listed in clause 6 to this Annexure immediately following an employee’s last termination of employment.
New Employer means, as determined by the Committee in its sole discretion, a Participant’s employer immediately following a Change in Control, the Company, any successor to the Company, or the entity resulting from a spin-off from the Company, or the parent or a subsidiary of any such entities.
New Employer means a school at which the employee has been offered and accepted employment.
New Employer means a local probation board or the Service.