Preservation of Rights to Amend or Terminate Plans. Except as expressly provided in this Agreement, nothing contained in this Agreement shall (i) be construed to establish, amend or modify any benefit plan, program or arrangement, or (ii) alter or limit the ability of TCCC, CCE, any North American Business Subsidiary, Splitco or any of their respective Subsidiaries or Affiliates, whether prior to, as of or following the Effective Time, to amend, modify or terminate any benefit plan, program, agreement or arrangement at any time assumed, established, sponsored or maintained by any of them, in accordance with the terms of such plan, program, agreement or arrangement and applicable Laws. Without limiting in any way the generality of the foregoing, TCCC shall not be obligated to continue the CCE Employee Stock Purchase Plan.
Appears in 4 contracts
Samples: Business Separation and Merger Agreement (Coca-Cola Enterprises, Inc.), Employee Matters Agreement (Coca-Cola Enterprises, Inc.), Separation and Merger Agreement (Coca Cola Co)
