Common use of Retention Agreements Clause in Contracts

Retention Agreements. Mallinckrodt Enterprises LLC has entered into retention agreements with certain U.S. Transferred Employees. Buyers shall have no liability with respect to the payments required under such retention agreements.

Retention Agreements. Mallinckrodt Enterprises LLC has entered into retention agreements with certain U.S. Transferred Employees. Buyers Mallinckrodt Enterprises LLC shall bear all liability and costs under such retention agreements, and Buyer shall have no liability and bear no cost with respect to the payments required under such retention agreements. Buyer shall make all payments required under such retention agreements on the Share Sellers’ behalf and shall be reimbursed for such payments by the Share Sellers. The Share Sellers shall have the right to audit the records related to such payments upon request.

Retention Agreements. Mallinckrodt Enterprises LLC has entered into retention agreements with certain Non-U.S. Transferred Employees. Buyers Buyer shall have no liability with respect to the payments required under such retention agreements. Buyer shall make all payments required under such retention agreements on the Share Sellers’ behalf and shall be reimbursed for such payments by the Share Sellers. The Share Sellers shall have the right to audit the records related to such payments upon request.