RESIGNATIONS BY DIRECTORS AND EMPLOYEES OF THE AUTOMOTIVE GROUP. Tenneco shall cause all of its directors and all employees of the Automotive Group to resign, effective as of (or immediately prior to) the close of business on the Distribution Date, from all boards of directors or similar governing bodies (including committees and trusts responsible for benefit plans and compensation structures) of each member of the Packaging Group on which they serve, and from all positions as officers or employees of any member of the Packaging Group, except as otherwise set forth on Exhibit J hereto or in the Packaging Information Statement or as otherwise mutually agreed to in writing on or prior to the Distribution Date by Tenneco and Packaging.
Appears in 3 contracts
Samples: Distribution Agreement (Pactiv Corp), Distribution Agreement (Tenneco Packaging Inc), Tenneco Distribution Agreement (Tenneco Packaging Inc)
RESIGNATIONS BY DIRECTORS AND EMPLOYEES OF THE AUTOMOTIVE GROUP. Tenneco shall cause all of its directors and all employees of the Automotive Group to resign, effective as of (or immediately prior to) the close of business on the Distribution Date, from all boards of directors or similar governing bodies (including committees and trusts responsible for benefit plans and compensation structures) of each member of the Packaging Group on which they serve, and from all positions as officers or employees of any member of the Packaging Group, except as otherwise set forth on Exhibit J hereto or in the Packaging Information Statement or as otherwise mutually agreed to in writing on or prior to the Distribution Date by Tenneco and Packaging.
Appears in 1 contract
Samples: Tenneco Distribution Agreement (Tenneco Packaging Inc)