Common use of Post-Distribution Payroll for Pre-Distribution Service Clause in Contracts

Post-Distribution Payroll for Pre-Distribution Service. In the case of each TransCo Employee, the employer of such individual as of immediately before the Closing Date shall be responsible for paying (and the W-2 and other payroll reporting obligations for) the payroll amount due to such individual for the payroll period (or portion thereof) ending on the Closing Date.

Appears in 3 contracts

Samples: Separation Agreement, Employee Matters Agreement (ITC Holdings Corp.), Employee Matters Agreement (Entergy Texas, Inc.)

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Post-Distribution Payroll for Pre-Distribution Service. In the case of each TransCo Newco Employee, the employer of such individual as of immediately before the Closing Date shall be responsible for paying (and the W-2 and other payroll reporting obligations for) the payroll amount due to such individual for the payroll period (or portion thereof) ending on the Closing Date, unless otherwise agreed to by Xxxxxxx and NetScout.

Appears in 2 contracts

Samples: Employee Matters Agreement (Netscout Systems Inc), Employee Matters Agreement (Netscout Systems Inc)

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