Common use of Other Balance Sheet Adjustments Clause in Contracts

Other Balance Sheet Adjustments. To the extent not otherwise provided in this Agreement, Xxxxxx and Ventiv shall take such action as is necessary to effect an adjustment to the books of Xxxxxx and Ventiv so that, as of the Distribution Date, the prepaid expense balances and accrued employee liabilities with respect to any employee liability or obligation assumed or retained as of the Distribution Date by the Xxxxxx Group and the Healthcare Services Group are appropriately reflected on the consolidated balance sheets as of the Distribution Date of Xxxxxx and Ventiv, respectively.

Appears in 4 contracts

Samples: Distribution Agreement (Snyder Communications Inc), Distribution Agreement (Ventiv Health Inc), Distribution Agreement (Ventiv Health Inc)

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