Common use of Effect if Distribution Does Not Occur Clause in Contracts

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are to be taken under this Agreement, or otherwise in connection with the Distribution, will not be taken or occur, except to the extent specifically provided by Parent.

Appears in 4 contracts

Samples: Employee Matters Agreement (Cognyte Software Ltd.), Employee Matters Agreement (Cognyte Software Ltd.), Employee Matters Agreement (Maxeon Solar Technologies, Ltd.)

AutoNDA by SimpleDocs

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are to be taken under this Agreement, or otherwise in connection with the Distribution, will shall not be taken or occur, except to the extent specifically provided by ParentBaxter.

Appears in 3 contracts

Samples: Employee Matters Agreement (Baxter International Inc), Employee Matters Agreement (Baxalta Inc), Employee Matters Agreement (Baxalta Inc)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are to be taken under this Agreement, or otherwise in connection with the Distribution, will shall not be taken or occur, except to the extent specifically provided by Parent, and any actions already taken shall be revoked and unwound.

Appears in 3 contracts

Samples: Employee Matters Agreement (ZimVie Inc.), Employee Matters Agreement (Zimmer Biomet Holdings, Inc.), Employee Matters Agreement (ZimVie Inc.)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are to be taken under this Agreement, or otherwise in connection with the Distribution, will shall not be taken or occur, except to the extent specifically provided by ParentManitowoc ParentCo.

Appears in 3 contracts

Samples: Employee Matters Agreement (Manitowoc Co Inc), Employee Matters Agreement (Manitowoc Foodservice, Inc.), Employee Matters Agreement (Manitowoc Foodservice, Inc.)

AutoNDA by SimpleDocs

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are to be taken under this Agreement, or otherwise in connection with the Distribution, will shall not be taken or occur, except to the extent specifically provided by ParentEmergent.

Appears in 2 contracts

Samples: Employee Matters Agreement (Aptevo Therapeutics Inc.), Employee Matters Agreement (Aptevo Therapeutics Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!