Not a Change of Control/Change in Control. Neither the consummation of the Distribution nor any transaction in connection with the Distribution shall be deemed a “change of control,” “change in control,” or term of similar import for purposes of Section 409A of the Code or any Benefit Plan of B/E Group or KLX Group.
Appears in 4 contracts
Samples: Separation and Distribution Agreement (KLX Inc.), Employee Matters Agreement (KLX Inc.), Employee Matters Agreement (KLX Inc.)
Not a Change of Control/Change in Control. Neither the consummation of the Distribution nor any transaction in connection with the Distribution shall be deemed a “change of control,” “change in control,” or term of similar import for purposes of Section 409A of the Code or any SPX Benefit Plan of B/E Group or KLX GroupFlowco Benefit Plan.
Appears in 2 contracts
Samples: Employee Matters Agreement (SPX Corp), Employee Matters Agreement (SPX FLOW, Inc.)
Not a Change of Control/Change in Control. Neither the consummation of the Distribution nor any transaction in connection with the Distribution shall be deemed a “change of control,” “change in control,” or term of similar import for purposes of Section 409A of the Code or any Benefit Plan of B/E Group any NOV Entity or KLX Groupof any SpinCo Entity.
Appears in 2 contracts
Samples: Employee Matters Agreement (NOW Inc.), Employee Matters Agreement (NOW Inc.)
Not a Change of Control/Change in Control. Neither the consummation of the Distribution nor any transaction in connection with the Distribution (other than the ASG Merger) shall be deemed a “change of control,” “change in control,” or term of similar import for purposes of Section 409A of the Code or any Benefit Plan of B/E the KLX Group or KLX ESG Group.
Appears in 1 contract
