Assumption by Assignee. Effective as of and from the IPO Closing Date, subject to the occurrence of the closing of the IPO, the Assignee hereby assumes and agrees to perform and discharge all the obligations and liabilities of the Assignor under the Employment Agreement, and accordingly the Parties agree that as and from the IPO Closing Date, the term the “Company” under the Employment Agreement shall refer to the Assignee except as otherwise set forth in this Agreement.
Appears in 4 contracts
Samples: Assignment, Assumption and Amendment Agreement (Bausch & Lomb Corp), Assignment, Assumption and Amendment Agreement (Bausch & Lomb Corp), Employment Agreement (Bausch & Lomb Corp)
