Delayed Transfer Date definition

Delayed Transfer Date has the meaning set forth in Section 6.9(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Delayed Transfer Date means (a) for each Delayed Transfer Employee in a Delayed Transfer Jurisdiction, the date of the Delayed Transfer Closing and (b) for any other Delayed Transfer Employee, the date mutually agreed in writing between Purchaser and Seller; provided that, unless the Parties otherwise mutually agree in writing, the Delayed Transfer Date as a result of the Delayed Transfer Condition specified in item 3 of Annex 2.8 shall in no event exceed eighteen (18) months following the Closing Date.

Delayed Transfer Date means the date on which it is determined by Fortive that either (a) a Delayed Transfer Ralliant Employee or Delayed Transfer Fortive Employee is permitted to transfer from the Fortive Group to the Ralliant Group or from the Ralliant Group to the Fortive Group, respectively, in accordance with applicable Law, or (ii) the necessary business operations are set up in the relevant jurisdiction to enable employment of the Ralliant Employee or Fortive Employee by the Ralliant Group or Fortive Group, as applicable.

Examples of Delayed Transfer Date in a sentence

Any Inactive Employee who returns to active employment within 180 days of the Closing (the date of such return to active employment being referred to herein as the “Delayed Transfer Date”) shall be transferred to employment with the Acquired Companies upon the Delayed Transfer Date, without any additional conditions, and any such Inactive Employee shall be treated as a “Continuing Employee” from and after the Delayed Transfer Date and shall be referred to herein as a “Delayed Transfer Employee”.
Fortive shall retain the benefit of any Tax credit allowed pursuant to Section 2301 of the CARES Act and Section 9651 of the ARP Act with respect to any “qualified wages” (as defined in the CARES Act and the ARP Act, respectively) paid to any Ralliant Employee or Ralliant Employee Service Provider after March 12, 2020 and prior to the Effective Time (or, if later, the applicable Delayed Transfer Date).
As the context requires, with respect to Delayed Transfer Ralliant Employees and Delayed Transfer Fortive Employees, references throughout this Agreement to the “Effective Time” or the “Distribution Date” shall be deemed to refer to the applicable Delayed Transfer Date.

More Definitions of Delayed Transfer Date

Delayed Transfer Date has the meaning set forth in Section 2.03.

Delayed Transfer Date means the date on which it is determined by ▇▇▇▇▇▇▇ that either (i) a Delayed Transfer Veralto Employee or Delayed Transfer ▇▇▇▇▇▇▇ Employee is permitted to transfer from the ▇▇▇▇▇▇▇ Group to the Veralto Group or from the Veralto Group to the ▇▇▇▇▇▇▇ Group, respectively, in accordance with applicable Law, or (ii) the necessary business operations are set up in the relevant jurisdiction to enable employment of the Veralto Employee or ▇▇▇▇▇▇▇ Employee by the Veralto Group or ▇▇▇▇▇▇▇ Group, as applicable.

Delayed Transfer Date means the date on which it is determined by Holcim that either (i) a Delayed Transfer SpinCo Group Employee or Delayed Transfer Holcim Group Employee is permitted to transfer from the Holcim Group to the SpinCo Group or from the SpinCo Group to the Holcim Group, respectively, in accordance with applicable Law, or (ii) the necessary business operations are set up in the relevant jurisdiction to enable employment of the SpinCo Group Employee or Holcim Group Employee by the SpinCo Group or Holcim Group, as applicable.

Delayed Transfer Date means, with respect to any applicable Delayed Transfer Employee, the applicable date he or she commences employment with a member of the SpinCo Group following the Separation Date.

Delayed Transfer Date means a date agreed upon by BSC and the Purchaser on which the Purchaser shall offer employment to a Delayed Transfer Employee or the date on which such employment shall transfer automatically by operation of Law.

Delayed Transfer Date means a date, following the Closing Date, on which a Continuing Employee becomes an employee of the Buyer or one of its Affiliates, as mutually agreed by Parent and Buyer. Section 1.01 of the Seller Disclosure Schedule, under the heading “Delayed Transfer Dates”, sets forth the Delayed Transfer Date for each applicable jurisdiction as agreed by Parent and Buyer as of the date hereof.

Delayed Transfer Date means (A) the date that a Delayed Transfer Newco Employee (within the meaning of clause (A) thereof) is eligible to return to active service; provided that such Delayed Transfer Newco Employee will become a Newco Employee only if and when such Delayed Transfer Newco Employee returns to active service for any member of the Fox Group within six (6) months following the Effective Time or such longer period as required by Law or otherwise agreed to by the Parties or (B) the date a Newco Sub capable of serving as the employing entity of a Delayed Transfer Newco Employee (within the meaning of clause (B) thereof) is established in the applicable jurisdiction or such Delayed Transfer Newco Employee is otherwise able to be transferred to a member of the Ainge Group in accordance with applicable Law; provided that the Parties agree to cooperate to establish any such Newco Sub as soon as reasonably practicable following the Separation Time. References to “Closing”, “Closing Date”, “Effective Time”, “Separation Time” and “Separation Date” in this Agreement shall be interpreted to mean the “Delayed Transfer Date” as it applies to any Delayed Transfer Newco Employee, where the context requires.

Filter & Search

Related Definitions