Common use of Non-Termination of Employment or Benefits Clause in Contracts

Non-Termination of Employment or Benefits. Except as otherwise expressly provided herein or as otherwise required at applicable law, no provision of this Agreement or the Separation and Distribution Agreement shall be construed to create any right, or accelerate any entitlement, to any compensation or benefit whatsoever on the part of any Combined Group Employee. Without limiting the generality of the foregoing, except as may be provided in an Individual Agreement, neither the IPO nor the Distribution shall cause any Combined Group Employee to be deemed to have incurred a termination of employment or shall have created any entitlement to any severance benefits or the commencement of any other benefits under any Xxxx Foods Plan or any Individual Agreement.

Appears in 4 contracts

Samples: Employee Matters Agreement (Dean Foods Co), Employee Matters Agreement (WHITEWAVE FOODS Co), Employee Matters Agreement (WHITEWAVE FOODS Co)

AutoNDA by SimpleDocs

Non-Termination of Employment or Benefits. Except as otherwise expressly provided herein or as otherwise required at by applicable law, no provision of this Agreement or the Separation and Distribution Agreement shall be construed to create any right, or accelerate any entitlement, to any compensation or benefit whatsoever on the part of any Combined Group Employee. Without limiting the generality of the foregoing, except as may be explicitly provided in an Individual Agreement, neither the IPO Distribution nor the Distribution transfer of employment shall cause any Combined Group Employee to be deemed to have incurred a termination of employment or shall have created create any entitlement to any severance benefits or the commencement of any other benefits under any Xxxx Foods Ikaria Plan or any Individual Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (Bellerophon Therapeutics LLC), Employee Matters Agreement (Bellerophon Therapeutics LLC)

AutoNDA by SimpleDocs

Non-Termination of Employment or Benefits. Except as otherwise expressly provided herein in this Agreement or as otherwise required at by applicable lawlaw or Individual Agreement, no provision of this Agreement or the Separation and Distribution Agreement shall be construed to accelerate any vesting of or create any right, right or accelerate any entitlement, entitlement to any compensation or benefit whatsoever on the part of any Combined Group Employee. Without limiting the generality of the foregoing, except as may be provided in an Individual Agreement, neither the IPO Business Separation nor the Distribution shall cause any Combined Group Employee to be deemed to have incurred a termination of employment or shall have created any entitlement to any severance benefits or the commencement of any other benefits under any Xxxx Foods ServiceMaster Plan or any Individual Agreement.

Appears in 2 contracts

Samples: Employee Matters Agreement (Servicemaster Co, LLC), Employee Matters Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!