Assignment of Specified Rights. To the extent permitted by applicable Law and the applicable agreement, if any, effective as of the Separation Effective Time, (i) Parent hereby assigns, to the maximum extent possible, on behalf of itself and the Parent Group, the Lithium Specified Rights, to the Company and (ii) the Company hereby assigns, to the maximum extent possible, on behalf of itself and the Lithium Group, the Parent Specified Rights, to Parent.
Assignment of Specified Rights. To the extent permitted by applicable Law and the applicable agreement, if any, effective as of the Separation Time, (i) Parent hereby assigns, to the maximum extent possible, on behalf of itself and the Parent Group, the SpinCo Specified Rights, to the Company (and the Company shall be a third party beneficiary with respect thereto) and (ii) the Company hereby assigns, to the maximum extent possible, on behalf of itself and the SpinCo Group, the Parent Specified Rights, to Parent (and Parent shall be a third party beneficiary with respect thereto).
Assignment of Specified Rights. To the extent permitted by Applicable Law and the applicable agreement, if any, effective as of the Distribution Date, (a) L Brands hereby assigns, to the maximum extent possible, on behalf of itself and the L Brands Group, the VS Specified Rights, to VS (and VS shall be a third party beneficiary with respect thereto) and (b) VS hereby assigns, to the maximum extent possible, on behalf of itself and the VS Group, the L Brands Specified Rights, to L Brands (and L Brands shall be a third party beneficiary with respect thereto).
Assignment of Specified Rights. To the extent permitted by Applicable Law and the applicable agreement, if any, effective as of the Distribution Date, (i) VF hereby assigns, to the maximum extent possible, on behalf of itself and the VF Group, the Kontoor Brands Specified Rights, to Kontoor Brands and (ii) Kontoor Brands hereby assigns, to the maximum extent possible, on behalf of itself and the Kontoor Brands Group, the VF Specified Rights, to VF. Table of Contents
Assignment of Specified Rights. 13 ARTICLE IV PLANS Section 4.01. Plan Participation .......................................................................................13 Section 4.02. Adoption and Administration of Lithium Plans; Service Credit .................13 ARTICLE V RETIREMENT PLANS Section 5.01. 401(k) Plan..................................................................................................14 Section 5.02. Non-U.S. Defined Contribution Plans ........................................................15 Section 5.03. Parent U.S. Qualified Pension Plan ...........................................................15 Section 5.04. Non-U.S. Pension Plans ..............................................................................16 Section 5.05. Parent NQ Savings Plan .............................................................................16 Section 5.06. Parent NQ Pension Plan .............................................................................17 ARTICLE VI HEALTH AND WELFARE PLANS; PAID TIME OFF AND VACATION Section 6.01. Cessation of Participation in Parent H&W Plans; Participation in Lithium H&W Plans ...................................................................................17 Section 6.02. Assumption of Health and Welfare Plan Liabilities ...................................18 i #90914078v33
Assignment of Specified Rights. To the extent permitted by applicable Law and the applicable agreement, if any, effective as of the Distribution Date, (i) ADS hereby assigns, to the maximum extent possible, on behalf of itself and the ADS Group, the Loyalty Ventures Specified Rights, to Loyalty Ventures and (ii) Loyalty Ventures hereby assigns, to the maximum extent possible, on behalf of itself and the Loyalty Ventures Group, the ADS Specified Rights, to ADS.
