Common use of Allocation and Assumption of Liabilities Clause in Contracts

Allocation and Assumption of Liabilities. Agilent shall determine the amount of Liabilities under the Agilent 2005 Deferred Compensation Plan as of the Agilent Participation Discontinuance Date attributable to Verigy Transferred Employees and other Verigy Employees. Effective as of the Agilent Participation Discontinuance Date, Verigy shall assume all Liabilities under, related to or resulting from the Agilent 2005 Deferred Compensation Plan and described in Section 2.2 hereof, with respect to each Verigy Transferred Employee and other Verigy Employee who consents to the assumption of such Liabilities. If a Verigy Transferred Employee or other Verigy Employee does not consent to the assumption of such Liabilities, Agilent shall retain and solely be responsible for all such Liabilities under, or relating to, or arising from, the Agilent 2005 Deferred Compensation Plan with respect to such Verigy Transferred Employee or other Verigy Employee. Verigy agrees to notify Agilent of any Verigy Transferred Employee's or other Verigy Employee's termination of employment with Verigy for distribution purposes.

Allocation and Assumption of Liabilities. Agilent shall determine the amount of Liabilities under the Agilent 2005 Deferred Compensation Plan as of the Agilent Participation Discontinuance Date attributable to Verigy Transferred Employees and other Verigy Employees. Effective as of the Agilent Participation Discontinuance Date, Verigy shall assume all Liabilities under, related to or resulting from the Agilent 2005 Deferred Compensation Plan and described in Section 2.2 hereof, with respect to each Verigy Transferred Employee and other Verigy Employee who consents to the assumption of such Liabilities. If a Verigy Transferred Employee or other Verigy Employee does not consent to the assumption of such Liabilities, Agilent shall retain and solely be responsible for all such Liabilities under, or relating to, or arising from, the Agilent 2005 Deferred Compensation Plan with respect to such Verigy Transferred Employee or other Verigy Employee. Verigy agrees to notify Agilent of any Verigy Transferred Employee's or other Verigy Employee's termination of employment with Verigy for distribution purposes.

Allocation and Assumption of Liabilities. Agilent shall determine the amount of Liabilities under the Agilent 2005 Deferred Compensation Plan as of the Agilent Participation Discontinuance Date attributable to Verigy Transferred Employees and other Verigy Employees. Effective as of the Agilent Participation Discontinuance Date, Verigy shall assume all Liabilities under, related to or resulting from the Agilent 2005 Deferred Compensation Plan and described in Section 2.2 hereof, with respect to each Verigy Transferred Employee and other Verigy Employee who consents to the assumption of such Liabilities. If a Verigy Transferred Employee or other Verigy Employee does not consent to the assumption of such Liabilities, Agilent shall retain and solely be responsible for all such Liabilities under, or relating to, or arising from, the Agilent 2005 Deferred Compensation Plan with respect to such Verigy Transferred Employee or other Verigy Employee. Verigy agrees to notify Agilent of any Verigy Transferred Employee's ’s or other Verigy Employee's ’s termination of employment with Verigy for distribution purposes.

Allocation and Assumption of Liabilities. Agilent shall determine the amount of Liabilities under the Agilent 2005 Deferred Compensation Plan as of the Agilent Participation Discontinuance Date attributable to Verigy Transferred Employees and other Verigy Employees. Effective as of the Agilent Participation Discontinuance Date, Verigy shall assume all Liabilities under, related to or resulting from the Agilent 2005 Deferred Compensation Plan and described in Section 2.2 hereof, with respect to each Verigy Transferred Employee and other Verigy Employee who consents to the assumption of such Liabilities. If a Verigy Transferred Employee or other Verigy Employee does not consent to the assumption of such Liabilities, Agilent shall retain and solely be responsible for all such Liabilities under, or relating to, or arising from, the Agilent 2005 Deferred Compensation Plan with respect to such Verigy Transferred Employee or other Verigy Employee. Verigy agrees to notify Agilent of any Verigy Transferred Employee's ’s or other Verigy Employee's ’s termination of employment with Verigy for distribution purposes.