Employment with Subsidiaries Sample Clauses
The 'Employment with Subsidiaries' clause defines how employment or service with a company's subsidiaries is treated under the terms of an agreement. Typically, this clause clarifies that time spent working for a subsidiary counts as service with the parent company for purposes such as vesting, benefits, or eligibility for certain rights. For example, if an employee transfers from the parent company to a wholly owned subsidiary, their continuous service is recognized without interruption. This clause ensures that employees are not disadvantaged by internal transfers and provides clarity on how employment history is calculated across related entities.
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Employment with Subsidiaries. Employment with the Company for purposes of this Agreement shall include employment with any corporation or other entity in which the Company has a direct or indirect ownership interest of 50% or more of the total combined voting power of the then outstanding securities of such corporation or other entity entitled to vote generally in the election of directors.
Employment with Subsidiaries. Employment with the Company for purposes of this Agreement shall include employment with (i) any “subsidiary corporation” of the Company, as defined in Section 424(f) of the Code, (ii) an entity in which the Company directly or indirectly owns 50% or more of the voting interests or (iii) an entity in which the Company has a significant equity interest, as determined by the Board or by the Corporate Governance and Compensation Committee (or any successor committee) of the Board.
Employment with Subsidiaries. Employment with the Company for purposes of this Agreement shall include employment with any Subsidiary.
Employment with Subsidiaries. Employment with the Company for purposes of this Agreement includes employment with any corporation in which the Company has a direct or indirect ownership interest of fifty percent (50%) or more of the total combined voting power of all classes of stock in such corporation.
Employment with Subsidiaries. For purposes of this Agreement, any and all references to Executive's employment with the Company shall be deemed to include Executive's employment by any Subsidiary and, with respect to such employment by a Subsidiary, the term "Company" as used in this Agreement shall be deemed to include any Subsidiary which employs Executive.
Employment with Subsidiaries. Employment with CH2M HILL for purposes of this Agreement shall include employment with any Subsidiary or successors in interest of CH2M HILL.
Employment with Subsidiaries. Employment with SHI for purposes of this Agreement shall include (a) in the period prior to the Effective Time, employment with the Company or any corporation or other entity in which the Company has a direct or indirect ownership interest of 50% or more of the total combined voting power of the then outstanding securities of such corporation or other entity entitled to vote generally in the election of directors and (b) in the period at or after the Effective Time, employment with Regis or any corporation or other entity in which Regis has a direct or indirect ownership interest of 50% or more of the total combined voting power of the then outstanding securities of such corporation or other entity entitled to vote generally in the election of directors.
Employment with Subsidiaries. For purposes of this Agreement, employment with the Company shall include employment with any Subsidiary. “Subsidiary” means any corporation or other entity in which the Company: (i) has a direct or indirect ownership interest of fifty percent (50%) or more of the total combined voting power of the then-outstanding securities or interests of such corporation or other entity entitled to vote generally in the election of directors, or (ii) has the right to receive fifty percent (50%) or more of the distribution of profits or fifty percent (50%) of the assets upon liquidation or dissolution.
Employment with Subsidiaries. Employment with the Company for purposes of this Agreement includes employment with any entity in which the Company has a direct or indirect ownership interest of 50% or more of the total combined voting power of all outstanding equity interests, it being understood that for purposes of clause (a) of Section 2.4 hereof, "Good Reason" shall be construed to refer to each of the Employee's positions, duties, responsibilities (reporting and other), status, titles and offices with the Company and each of its subsidiaries.
Employment with Subsidiaries. Employment with VeriFone for purposes of this Agreement shall include employment with any Subsidiary.