Common use of Assumption by SpinCo Clause in Contracts

Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall assume and honor any individual agreement to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 8 contracts

Samples: Employee Matters Agreement (Consensus Cloud Solutions, Inc.), Employee Matters Agreement (Consensus Cloud Solutions, Inc.), Employee Matters Agreement

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Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall assume and honor any individual agreement to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement (Equitrans Midstream Corp), Employee Matters Agreement (EQT Corp), Employee Matters Agreement (Equitrans Midstream Corp)

Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall, or shall cause the members of the SpinCo Group to, assume and honor any individual agreement Individual Agreement to the extent assigned, including any obligations thereunder to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement (RXO, Inc.), Employee Matters Agreement (Rxo, LLC), Employee Matters Agreement (XPO Logistics, Inc.)

Assumption by SpinCo. Effective as of the Effective TimeOperational Separation Date, SpinCo shall Spinco will assume and honor honor, or will cause a member of the Spinco Group to assume and honor, any individual agreement to which any SpinCo Spinco Group Employee or Former SpinCo Spinco Group Employee is a party Party with any member of the Parent Group, including any Individual Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement (Howmet Aerospace Inc.), Employee Matters Agreement (Arconic Corp), Employee Matters Agreement (Arconic Rolled Products Corp)

Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall, or shall cause the members of the SpinCo Group to, assume and honor any individual agreement Individual Agreement to the extent assigned, including any Liabilities and obligations thereunder to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 3 contracts

Samples: Employee Matters Agreement (Knife River Holding Co), Employee Matters Agreement (Mdu Resources Group Inc), Employee Matters Agreement (Knife River Holding Co)

Assumption by SpinCo. Effective as of the Effective Time, SpinCo hereby assumes and honors, or shall cause the members of the SpinCo Group to assume and honor honor, any individual agreement Individual Agreement, including any obligations thereunder to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 3 contracts

Samples: Employee Matters Agreement (Aramark), Employee Matters Agreement (Vestis Corp), Employee Matters Agreement (Vestis Corp)

Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall will assume and honor honor, or will cause a member of the SpinCo Group to assume and honor, any individual agreement to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Rayonier Group, including any Individual Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (Rayonier Advanced Materials Inc.), Employee Matters Agreement (Rayonier Advanced Materials Inc.)

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Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall will assume and honor honor, or will cause a member of the SpinCo Group to assume and honor, any individual agreement to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Rayonier Group, including any Individual Agreement.

Appears in 1 contract

Samples: Employee Matters Agreement (Rayonier Advanced Materials Inc.)

Assumption by SpinCo. Effective as of the Effective Time, SpinCo hereby assumes and honors , or shall cause the members of the SpinCo Group to assume and honor honor, any individual agreement Individual Agreement, including any obligations thereunder to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 1 contract

Samples: Employee Matters Agreement (Epic NewCo, Inc.)

Assumption by SpinCo. Effective as of the Effective Time, SpinCo shall, or shall cause the members of the SpinCo Group to assume and honor any individual agreement to which any SpinCo Group Employee or Former SpinCo Group Employee is a party with any member of the Parent Group, including any Individual Agreement.

Appears in 1 contract

Samples: Employee Matters Agreement (Frontdoor, Inc.)

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