Participation; Distributions. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement shall trigger a payment or distribution of compensation under any of the Parent Deferred Compensation Plans or Varex Deferred Compensation Plans for any participant and, consequently, that the payment or distribution of any compensation to which such participant is entitled under any such plan shall occur upon such participant’s separation from service from the Parent Group or Varex Group or at such other time as provided in the applicable deferred compensation plan or participant’s deferral election.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Varex Imaging Corp), Employee Matters Agreement (Varian Medical Systems Inc)
Participation; Distributions. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement shall trigger a payment or distribution of compensation under any of the Parent Deferred Compensation Plans Plan, or Varex SpinCo Deferred Compensation Plans Plan for any participant and, consequently, that the payment or distribution of any compensation to which such participant is entitled under any such plan shall occur upon such participant’s separation from service from the Parent Group or Varex SpinCo Group or at such other time as provided in the applicable deferred compensation plan or participant’s deferral election.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Tegna Inc), Employee Matters Agreement (Gannett Co., Inc.)
Participation; Distributions. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement shall trigger a payment or distribution of compensation under any of the Parent Deferred Compensation Plans Plan or Varex SpinCo Deferred Compensation Plans Plan for any participant and, consequently, that the payment or distribution of any compensation to which such any participant is entitled under any such plan shall occur upon such participant’s separation from service from the Parent Group or Varex SpinCo Group or at such other time in accordance with participant’s deferral election or as otherwise provided in the applicable deferred compensation plan or participant’s deferral electionplan.
Appears in 4 contracts
Samples: Employee Matters Agreement (3m Co), Employee Matters Agreement (Solventum Corp), Employee Matters Agreement (Solventum Corp)
Participation; Distributions. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement shall trigger a payment or distribution of compensation under any of the Parent Deferred Compensation Plans or Varex Encompass Deferred Compensation Plans for any participant and, consequently, that the payment or distribution of any compensation to which such participant is entitled under any such plan shall occur upon such participant’s separation from service from the Parent Encompass Group or Varex Enhabit Group or at such other time as provided in the applicable deferred compensation plan or participant’s deferral election.
Appears in 3 contracts
Samples: Employee Matters Agreement (Encompass Health Corp), Employee Matters Agreement (Enhabit, Inc.), Employee Matters Agreement (Enhabit, Inc.)
Participation; Distributions. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement shall trigger a payment or distribution of compensation under any of the Parent Deferred Compensation Plans or Varex under the Xxxxxxxx Companies Deferred Compensation Plans Plan for any participant and, consequently, that the payment or distribution of any compensation to which such participant is entitled under any such plan shall occur upon such participant’s separation from service from the Parent Group or Varex SpinCo Group or at such other time as provided in the applicable deferred compensation plan or participant’s deferral election.
Appears in 2 contracts
Samples: Employee Matters Agreement (XPO Logistics, Inc.), Employee Matters Agreement (GXO Logistics, Inc.)
Participation; Distributions. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement shall trigger a payment or distribution of compensation under any of the Parent Deferred Compensation Plans or Varex Deferred Compensation Plans for any participant and, consequently, that the payment or distribution of any compensation to which such participant is entitled under any such plan shall occur upon such participant’s separation from service from the Parent Group or Varex SpinCo Group or at such other time as provided in the applicable deferred compensation plan or participant’s deferral election.
Appears in 2 contracts
Samples: Employee Matters Agreement (RXO, Inc.), Employee Matters Agreement (Rxo, LLC)
