Common use of Authorizations for Payroll Deductions Clause in Contracts

Authorizations for Payroll Deductions. Unless otherwise prohibited by a Benefit Plan or by this Agreement or an Ancillary Agreement, RemainCo and the other RemainCo Entities, as appropriate, shall honor payroll deduction authorizations attributable to any RemainCo Employee that are in effect with any SpinCo Entity as of immediately prior to the Effective Time relating to such RemainCo Employee, and shall not require that such RemainCo Employee submit a new authorization to the extent that the type of deduction by RemainCo or any other RemainCo Entity, as appropriate, does not differ from that made by the SpinCo Entity prior to the Distribution Date. Such deduction types include: pre-tax contributions to any Benefit Plan, including any voluntary benefit plan; scheduled loan repayments to any Benefit Plan; and direct deposit of payroll, employee relocation loans, and other types of authorized company receivables usually collectible through payroll deductions. Each Party shall, as soon as practicable after the Distribution Date, provide the other Party with such information in its possession as may be reasonably requested by the other Party and as necessary for that Party to honor the payroll deduction authorizations contemplated by this Section 9.3.

Authorizations for Payroll Deductions. Unless otherwise prohibited by a Benefit Plan or by this Agreement or an another Ancillary AgreementAgreement or by applicable Law, RemainCo SeaSpine and the other RemainCo SeaSpine Entities, as appropriate, shall honor payroll deduction authorizations attributable to any RemainCo SeaSpine Employee that are in effect with any SpinCo Integra Entity as of immediately prior to on the Effective Time Distribution Date relating to such RemainCo SeaSpine Employee, and shall not require that such RemainCo SeaSpine Employee submit a new authorization to the extent that the type of deduction by RemainCo SeaSpine or any other RemainCo SeaSpine Entity, as appropriate, does not differ from that made by the SpinCo Entity prior to the Distribution DateIntegra Entity. Such deduction types include: pre-tax contributions to any SeaSpine Benefit Plan, including any voluntary benefit plan; scheduled loan repayments to any SeaSpine Benefit Plan; and direct deposit of payroll, employee relocation loans, and other types of authorized company receivables usually collectible through payroll deductions. Each Party shall, as soon as practicable after the Distribution Date, provide the other Party with such information in its possession as may be reasonably requested by the other Party and as necessary for that Party to honor the payroll deduction authorizations contemplated by this Section 9.37.4.