Allocation of Liabilities. Except as otherwise provided in this Agreement, (i) the Xxxxxxx Controls Group shall be solely responsible for funding, paying, and discharging all obligations relating to any annual incentive bonus awards under any Xxxxxxx Controls Short-Term Incentive Plan with respect to payments earned before, as of, or after the Effective Time to Xxxxxxx Controls Group Employees or Former Xxxxxxx Controls Group Employees, and no member of the Adient Group shall have any obligations with respect thereto; and (ii) the Adient Group shall be solely responsible for funding, paying, and discharging all obligations relating to any annual incentive bonus awards under any Adient Short-Term Incentive Plan with respect to payments made after the Effective Time to Adient Group Employees or Former Adient Group Employees, and no member of the Xxxxxxx Controls Group shall have any obligations with respect thereto.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement, Employee Matters Agreement (Adient LTD)
