Expirations and Renewals. With respect to any Combined Policy that expires prior to the Distribution Date, United Online shall, in its sole discretion, take any of the following actions: (i) allow the policy to expire and place separate policies for United Online and FTD in accordance with Section 7.1(b), as applicable, (ii) extend the policy through the Distribution Date or (iii) renew the policy.
Appears in 3 contracts
Samples: Separation and Distribution Agreement (FTD Companies, Inc.), Separation and Distribution Agreement (United Online Inc), Separation and Distribution Agreement (FTD Companies, Inc.)
Expirations and Renewals. With respect to any Combined Policy that expires prior to the Distribution Date, United Online shall, in its sole discretion, take any of the following actions: :
(i) allow the policy to expire and place separate policies for United Online and FTD in accordance with Section 7.1(b), as applicable, (ii) extend the policy through the Distribution Date or (iii) renew the policy.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (FTD Companies, Inc.), Separation and Distribution Agreement (FTD Companies, Inc.)
