Common use of Continuity Agreements Clause in Contracts

Continuity Agreements. Effective as of the Offering Date, Tronox shall enter into Continuity Agreements with certain of its officers and key employees. These Continuity Agreements shall be similar in all Material Features to the Continuity Agreements that Xxxx-XxXxx has in effect with its officers and key employees, as appropriate, as of the Offering Date. Neither the offering nor the Distribution (or Exchange), as contemplated by the Principal Agreement, shall entitle any Transferred Individual to any payments under a Continuity Agreement with Xxxx-XxXxx or Tronox.