Common use of Severance Plans Clause in Contracts

Severance Plans. The RHD Group shall retain all Liabilities with respect to severance payments made or to be made to RHD Employees. The New D&B Group shall retain all Liabilities with respect to severance payments made or to be made to all other Corporation Employees who terminated employment prior to the Effective Time. For purposes of this Section 5.3, the term "severance payments" shall include any welfare benefit coverage and all other severance related benefits provided under severance plans and agreements.

Appears in 3 contracts

Samples: Employee Benefits Agreement (New Dun & Bradstreet Corp), Employee Benefits Agreement (Dun & Bradstreet Corp), Employee Benefits Agreement (New Dun & Bradstreet Corp)

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Severance Plans. The RHD Group shall retain all Liabilities with respect to severance payments made or to be made to RHD Employees. The New D&B Group shall retain all Liabilities with respect to severance payments made or to be made to all other Corporation Employees who terminated employment 17 17 prior to the Effective Time. For purposes of this Section 5.3, the term "severance payments" shall include any welfare benefit coverage and all other severance related benefits provided under severance plans and agreements.

Appears in 1 contract

Samples: Employee Benefits Agreement (Dun & Bradstreet Corp /De/)

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