Common use of Non-compete, Severance, Change in Control, or Other Payments Clause in Contracts

Non-compete, Severance, Change in Control, or Other Payments. The Parties acknowledge and agree that the Separation, Distribution and the assignment, transfer or continuation of the employment of Employees as contemplated by this Section 3.01 shall not be deemed an involuntary termination of employment entitling any SpinCo Group Employee or Parent Group Employee to non-compete, severance, change in control, or other payments or benefits.

Appears in 5 contracts

Samples: Employee Matters Agreement (Knife River Holding Co), Employee Matters Agreement (Mdu Resources Group Inc), Employee Matters Agreement (Knife River Holding Co)

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Non-compete, Severance, Change in Control, or Other Payments. The Parties acknowledge and agree that the Separation, Distribution and the assignment, transfer or continuation of the employment of Employees as contemplated by this Section 3.01 shall not be deemed an involuntary termination of employment entitling any SpinCo Enhabit Group Employee or Parent Encompass Group Employee to non-compete, severance, change in control, or other payments or benefits.

Appears in 3 contracts

Samples: Employee Matters Agreement (Encompass Health Corp), Employee Matters Agreement (Enhabit, Inc.), Employee Matters Agreement (Enhabit, Inc.)

Non-compete, Severance, Change in Control, or Other Payments. The Parties acknowledge and agree that the Separation, the Distribution and the assignment, transfer or continuation of the employment of Employees as contemplated by this Section 3.01 shall not be deemed an involuntary termination of employment entitling any SpinCo Group Employee or Parent Group Entities Employee to non-compete, severance, change in control, or other payments or benefits.

Appears in 2 contracts

Samples: Employee Matters Agreement (SilverSun Technologies Holdings, Inc./Nv), Investment Agreement (SilverSun Technologies, Inc.)

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Non-compete, Severance, Change in Control, or Other Payments. The Parties acknowledge and agree that the Separation, Separation and Distribution and the assignment, transfer or continuation of the employment of Employees as contemplated by this Section 3.01 shall not be deemed an involuntary termination of employment or a change in control entitling any SpinCo Group Employee or Parent Group Employee to non-compete, severance, change in control, or other payments or benefits.

Appears in 2 contracts

Samples: Employee Matters Agreement (RXO, Inc.), Employee Matters Agreement (Rxo, LLC)

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