No Separation From Service or Termination of Employment. The Distribution and the assignment, transfer, or continuation of employment of any Employee of Vornado or any of its Affiliates in connection therewith (including in accordance with Section 2.1 hereof) shall not be deemed a separation from service or termination of employment entitling such Employee to be eligible to participate in, or to receive payment of, severance or other termination payments or benefits under any applicable Law, Vornado Benefit Plan or Newco Benefit Plan provided, however, that any Terminating Employee, shall be deemed to have incurred a separation from service and shall be eligible to receive severance and benefits in accordance with the applicable Vornado Benefit Plan.
No Separation From Service or Termination of Employment. None of the Separation, the Distribution or the assignment, transfer or continuation of employment of any Employee of SITC or any of its Affiliates at or prior to the Effective Time (including in accordance with Section 2.3 hereof) shall be deemed a separation from service or termination of employment entitling such Employee to be eligible to participate in, or to receive payment of, severance or other termination payments or benefits under any applicable Law, SITC Benefit Plan or CURB Benefit Plan.
No Separation From Service or Termination of Employment. The Distribution and the assignment, transfer, or continuation of employment of any Employee of SPG or any of its Affiliates in connection therewith (including in accordance with Section 2.1 hereof) shall not be deemed a separation from service or termination of employment entitling such Employee to be eligible to participate in, or to receive payment of, severance or other termination payments or benefits under any applicable Law, SPG Benefit Plan or WPG Benefit Plan provided, however, that any Employee of SPG or any of its Affiliates whose employment is not intended to be continued by SPG or any of its Affiliates following the Effective Time and is not assigned to a member of the WPG Group, and whose employment is involuntarily terminated by SPG as of the Effective Time, shall be deemed to have incurred a separation from service and shall be eligible to receive severance and benefits as set forth in Section 6.2 of this Agreement.
No Separation From Service or Termination of Employment. The Distribution and the assignment, transfer, or continuation of employment of any Employee of VNO or any of its Affiliates in connection therewith (including in accordance with Section 2.1 hereof) shall not be deemed a separation from service or termination of employment entitling such Employee to be eligible to participate in, or to receive payment of, severance or other termination payments or benefits under any applicable Law, VNO Benefit Plan or UE Benefit Plan provided, however, that any Employee of VNO or any of its Affiliates whose employment is not intended to be continued by VNO or any of its Affiliates following the Effective Time and is not assigned to a member of the UE Group, and whose employment is involuntarily terminated by VNO as of the Effective Time, shall be deemed to have incurred a separation from service and shall be eligible to receive severance and benefits as set forth in Section 7.2 of this Agreement.
