Common use of OTHER LIABILITIES; GUARANTEE OF OBLIGATIONS Clause in Contracts

OTHER LIABILITIES; GUARANTEE OF OBLIGATIONS. (a) As of the Distribution Date, UNOVA shall assume and be solely responsible for all Liabilities whatsoever of the Western Atlas Group with respect to claims made by the UNOVA Employees or UNOVA Former Employees relating to any Liability not otherwise expressly provided for in this Agreement, including earned salary, wages, bonus, incentive or severance payments or other compensation and accrued sick, holiday, vacation, health, dental or retirement benefits, regardless of whether such Liability was incurred before or after the Distribution Date. In the event of any claim pursuant to which UNOVA may be required to indemnify Western Atlas with respect to any such Liability, UNOVA shall have all of the rights and obligations of an "Indemnifying Party" that are provided under Section 4.4 of the Distribution Agreement and Western Atlas shall have all of the rights and obligations of an Indemnified Party that are provided under Section 4.4 of the Distribution Agreement.

Appears in 4 contracts

Samples: Employee Benefits Agreement (Unova Inc), Employee Benefits Agreement (Unova Inc), Employee Benefits Agreement (Western Atlas Inc)

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