Common use of Duke Energy Individual Arrangements Clause in Contracts

Duke Energy Individual Arrangements. Duke Energy acknowledges and agrees that, except as otherwise provided herein, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other compensatory arrangement (including any EPS Units Agreement or Severance and Retention Compensation Agreement) previously provided by any member of the Duke Energy Group or Spectra Energy Group to any Duke Energy Participant, including life insurance policies not held in any trust and covering any Duke Energy Participant.

Appears in 3 contracts

Samples: Employee Matters Agreement (Duke Energy CORP), Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Spectra Energy Corp.)

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Duke Energy Individual Arrangements. Duke Energy acknowledges and agrees that, except as otherwise provided herein, it shall have full responsibility with respect to any Liabilities and the payment or performance of any obligations arising out of or relating to any employment, consulting, non-competition, retention or other compensatory arrangement (including any EPS Units Agreement or Severance and Retention Compensation Agreement) previously provided by any member of the Duke Energy Group or Spectra Energy GasCo Group to any Duke Energy Participant, including life insurance policies not held in any trust and covering any Duke Energy Participant.

Appears in 1 contract

Samples: Employee Matters Agreement (Spectra Energy Corp.)

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