Common use of Restructuring Costs Clause in Contracts

Restructuring Costs. (i) In the event this Agreement is terminated, the Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 Facility, (A) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (B) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (ii) The Parties agree that in the event of such a SanDisk exit from Flash Forward, ****. (iii) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by Toshiba. ****.

Appears in 3 contracts

Samples: Master Agreement, Master Agreement (Sandisk Corp), Master Agreement (Sandisk Corp)

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Restructuring Costs. (i) In the event this Agreement is terminated, the Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 Y4 Facility, (Ai) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (Bii) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (ii) The Parties agree that in the event of such a SanDisk exit from Flash ForwardAlliance, [***] (A) [*.**] (B) [***] (iii) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by ToshibaXxxxxxx. [****.]

Appears in 2 contracts

Samples: Flash Alliance Master Agreement (Sandisk Corp), Flash Alliance Master Agreement (Sandisk Corp)

Restructuring Costs. (i) In the event this Agreement is terminated, the Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 Y4 Facility, (Ai) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (Bii) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (ii) The Parties agree that in the event of such a SanDisk exit from Flash ForwardAlliance, [*] (A) [*] (B) [**.] (iii) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by Toshiba. [****.]

Appears in 2 contracts

Samples: Master Agreement, Master Agreement (Sandisk Corp)

Restructuring Costs. (i) In the event this Agreement is terminated, the Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 Facility, (A) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (B) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (ii) The Parties agree that in the event of such a SanDisk exit from Flash Forward, [***]. (A) [*.**] (B) [***] (iii) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by ToshibaXxxxxxx. [****].

Appears in 1 contract

Samples: Master Agreement (Sandisk Corp)

Restructuring Costs. (ia) In the event this Agreement is terminated, the Parent Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 New Y2 Facility, (A) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (B) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (iib) The Parties agree that in the event of such a SanDisk exit from Flash Forwardthe New Y2 Facility, [****.] (iiic) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by ToshibaXxxxxxx. [****.]

Appears in 1 contract

Samples: New Y2 Facility Agreement (Sandisk Corp)

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Restructuring Costs. (i) In the event this Agreement is terminated, the Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 Facility, (A) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (B) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (ii) The Parties agree that in the event of such a SanDisk exit from Flash Forward, [***]. (A) [*.**] (B) [***] (iii) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by Toshiba. [****].

Appears in 1 contract

Samples: Master Agreement (Western Digital Corp)

Restructuring Costs. (i) In the event this Agreement is terminated, the Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to Toshiba employees and SanDisk employees working at the Y5 Y4 Facility, (Ai) in the case of those that are Toshiba employees, Toshiba will use its best efforts to retrain or relocate such individuals to other Toshiba facilities, and (Bii) in the case of those that are SanDisk employees, SanDisk will use its best efforts to retrain or relocate such individuals to other SanDisk facilities, each to the maximum extent possible. (ii) The Parties agree that in the event of such a SanDisk exit from Flash ForwardAlliance, [***] (A) [*.**] (B) [***] (iii) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by Toshiba. [****.]

Appears in 1 contract

Samples: Master Agreement (Western Digital Corp)

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