Common use of Effect if Separation does not Occur Clause in Contracts

Effect if Separation does not Occur. Notwithstanding anything in this Agreement to the contrary, if the Separation Agreement is terminated prior to the Spinco Distribution Date, then all actions and events that are, under this Agreement, to be taken or occur effective immediately prior to or as of the Spinco Distribution Date, or otherwise in connection with the transactions, shall not be taken or occur except to the extent specifically agreed to in writing by Spinco and Remainco and neither Party shall have any Liability to the other Party under this Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement (Berry Global Group, Inc.), Employee Matters Agreement (Glatfelter Corp), Employee Matters Agreement (At&t Inc.)

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