No Status Change Sample Clauses
The No Status Change clause prevents either party from altering their legal or financial status in a way that could affect the agreement. For example, it may prohibit actions such as mergers, acquisitions, or significant changes in ownership or creditworthiness without prior consent from the other party. This clause ensures stability and predictability in the contractual relationship by protecting parties from unexpected changes that could impact their rights or obligations.
No Status Change. The transfer or other movement of employment between Adaptec to Roxio at any time upon or before the Distribution Date shall neither constitute nor be treated as a "status change" or termination of employment under the Adaptec Health Plans or the Roxio Health Plans.
No Status Change. The transfer or other movement of employment between DG and SpinCo or any of their respective Subsidiaries at any time before or upon the Transition Date shall neither constitute nor be treated as a “status change” or termination of employment under the Health Plans.
No Status Change. The transfer or other movement of employment between LSI Logic to SSI at any time before the earlier of the Distribution Date or the Control Cessation Date shall neither constitute nor be treated as a “status change” or termination of employment under the LSI Logic Health Plans or the SSI Health Plans.
No Status Change. The transfer or other movement of employment between Quantum to Snap at any time upon or before the Distribution Date shall neither constitute nor be treated as a "status change" or termination of employment under the Quantum Health Plans or the Snap Health Plans.
No Status Change. Nothing contained in this MOU, and no performance under this MOU by personnel of ACPHD or Mercy, shall in any respect alter or modify the status of officers, agents, or employees of the respective entities for purposes of worker’s compensation, benefits, entitlements, pension, discipline, certification or any other conditions of employment. To the extent any employee of ACPHD is injured in the course of providing services contemplated hereunder, the claim shall be treated as a work assignment for ACPHD and ACPHD shall remain responsible for addressing the matter and processing any worker’s compensation claim for its employees. To the extent any employee of Mercy is injured in the course of providing services contemplated hereunder, the claim shall be treated as a work assignment for Mercy and Mercy shall remain responsible for addressing the matter and processing any worker’s compensation claim for its employees.
No Status Change. Nothing contained in this Agreement, and no performance under this Agreement by personnel of either County shall in any respect alter or modify the status of officers, agents, or employees of the respective entities for purposes of wages, salaries, worker’s compensation, unemployment insurance, benefits, entitlements, pension, discipline, certification or any other conditions of employment.
No Status Change. The transfer or other movement of employment between Cypress to SunPower at any time before the Separation Date shall neither constitute nor be treated as a “status change” or termination of employment under the Cypress Health Plans or the SunPower Health Plans.
No Status Change. Subject to compliance with applicable law and the terms of the Airborne Plans and/or the ABX Plans, the transfer or other movement of employment between Airborne or any Airborne Affiliate to ABX at any time upon or before the Separation Date as contemplated hereunder shall neither constitute nor be treated as a "status change" or termination of employment under the Airborne Health and Welfare Plans or the ABX Health and Welfare Plans.
No Status Change. The transfer or other movement of employment between Ambassadors to Education at any time upon or before the Distribution Date shall neither constitute nor be treated as a "status change" or termination of employment under the Ambassadors Health Plans or the Education Health Plans.