Common use of Non-Transfer Garden Leave Employees Clause in Contracts

Non-Transfer Garden Leave Employees. (i) Each HPI Employee allocated to the Enterprise Group pursuant to the OD&S Process who (A) is on a Garden Leave as of the Operational Separation Date, and (B) does not transfer to an Enterprise Entity as of the Operational Separation Date shall remain on the HP payroll and any applicable HP Benefit Plans and the Enterprise Group shall reimburse the HPI Group for the cost of the compensation and benefits paid or provided to such employee during the period beginning on the Operational Separation Date and ending on the date that such employee’s employment with the HPI Group terminates, and any severance costs required by Section 5.7. (ii) Each Enterprise Employee allocated to the HPI Group pursuant to the OD&S Process who (A) is on a Garden Leave as of the Operational Separation Date, and (B) does not transfer to an HPI Entity as of the Operational Separation Date shall remain on the Enterprise payroll and any applicable Enterprise Benefit Plans and the HPI Group shall reimburse the Enterprise Group for the cost of the compensation and benefits paid or provided to such employee during the period beginning on the Operational Separation Date and ending on the date that such employee’s employment with the Enterprise Group terminates, and any severance costs required by Section 5.7. (iii) The Parties shall cooperate in good faith to determine the basis for, and amount of, the reimbursements contemplated by this Section 2.1(c), taking into account any Tax benefits realized by reason of the payment or provision of the applicable compensation and benefits and the cost of providing any non-cash benefits.

Appears in 3 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Hewlett Packard Enterprise Co), Employee Matters Agreement (Hp Inc)

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Non-Transfer Garden Leave Employees. (i) Each HPI Houston Employee allocated to the Enterprise Xxxxxxx Group pursuant to the OD&S Process who (A) is on a Garden Leave as of the Operational Separation Date, and (B) does not transfer to an Enterprise Xxxxxxx Entity as of the Operational Separation Date shall remain on the HP Houston payroll and any applicable HP Houston Benefit Plans and the Enterprise Xxxxxxx Group shall reimburse the HPI Houston Group for the cost of the compensation and benefits paid or provided to such employee during the period beginning on the Operational Separation Date and ending on the date that such employee’s employment with the HPI Houston Group terminates, and any severance costs required by Section 5.75.6. (ii) Each Enterprise Xxxxxxx Employee allocated to the HPI Houston Group pursuant to the OD&S Process who (A) is on a Garden Leave as of the Operational Separation Date, and (B) does not transfer to an HPI a Houston Entity as of the Operational Separation Date shall remain on the Enterprise Xxxxxxx payroll and any applicable Enterprise Xxxxxxx Benefit Plans and the HPI Houston Group shall reimburse the Enterprise Xxxxxxx Group for the cost of the compensation and benefits paid or provided to such employee during the period beginning on the Operational Separation Date and ending on the date that such employee’s employment with the Enterprise Xxxxxxx Group terminates, and any severance costs required by Section 5.75.6. (iii) The Parties Houston and Xxxxxxx shall cooperate in good faith to determine the basis for, and amount of, the reimbursements contemplated by this Section 2.1(c), taking into account any Tax benefits realized by reason of the payment or provision of the applicable compensation and benefits and the cost of providing any non-cash benefits.

Appears in 2 contracts

Samples: Employee Matters Agreement (DXC Technology Co), Employee Matters Agreement (Everett SpinCo, Inc.)

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Non-Transfer Garden Leave Employees. (i) Each HPI Employee allocated to the Enterprise Group pursuant to the OD&S Process who (A) is on a Garden Leave as of the Operational Separation Date, and (B) does not transfer to an Enterprise Entity as of the Operational Separation Date shall remain on the HP payroll and any applicable HP Benefit Plans and the Enterprise Group shall reimburse the HPI Group for the cost of the compensation and benefits paid or provided to such employee during the period beginning on the Operational Separation Date and ending on the date that such employee’s employment with the HPI Group terminates, and including any severance costs required by Section 5.7. (ii) Each Enterprise Employee allocated to the HPI Group pursuant to the OD&S Process who (A) is on a Garden Leave as of the Operational Separation Date, and (B) does not transfer to an HPI Entity as of the Operational Separation Date shall remain on the Enterprise payroll and any applicable Enterprise Benefit Plans and the HPI Group shall reimburse the Enterprise Group for the cost of the compensation and benefits paid or provided to such employee during the period beginning on the Operational Separation Date and ending on the date that such employee’s employment with the Enterprise Group terminates, and including any severance costs required by Section 5.7. (iii) The Parties shall cooperate in good faith to determine the basis for, and amount of, the reimbursements contemplated by this Section 2.1(c), taking into account any Tax benefits realized by reason of the payment or provision of the applicable such compensation and benefits and the cost of providing any non-cash benefits.

Appears in 1 contract

Samples: Employee Matters Agreement (Hewlett Packard Enterprise Co)

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