ParentCo Policies Sample Clauses
The 'ParentCo Policies' clause establishes that the parties to the agreement must comply with the policies, procedures, or codes of conduct set by the parent company, ParentCo. In practice, this means that employees, contractors, or subsidiaries involved in the agreement are required to adhere to standards such as ethics guidelines, data security protocols, or anti-bribery rules as dictated by ParentCo. This clause ensures consistency in behavior and operations across all entities related to ParentCo, helping to mitigate risks and maintain corporate governance standards.
ParentCo Policies. ParentCo shall, to the extent that the ParentCo Policies cover the SpinCo Liabilities, after discussion with SpinCo, either (a) maintain the ParentCo Policies, (b) buy replacement insurance, or (c) purchase an extended reporting period endorsement for the ParentCo Policies. In each of (a), (b) and (c), such coverage shall be at the expense of SpinCo and be of a type and with a limit and terms and conditions similar to those in force under the ParentCo Policies as of the Effective Time.
