SEVERANCE PROTECTION AGREEMENTS. Effective Immediately after the Distribution Date, Spinco shall enter into severance protection agreements with the Transferred Individuals listed in Appendix E which are substantially identical in all Material Features to the form of NSI severance protection agreement covering such Transferred Individual as of the Distribution Date. Spinco shall be solely responsibly for all Liabilities related to the Spinco severance protection agreements with the Transferred Individuals.
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Sources: Employee Benefits Agreement (National Service Industries Inc), Employee Benefits Agreement (L&c Spinco Inc), Employee Benefits Agreement (L&c Spinco Inc)
SEVERANCE PROTECTION AGREEMENTS. Effective Immediately after the Distribution Date, Spinco shall enter into severance protection agreements with the Transferred Individuals listed in Appendix E which are substantially identical in all Material Features to the form of NSI severance protection agreement covering such Transferred Individual as of the Distribution Date. Spinco shall be solely responsibly for all Liabilities related to the Spinco severance protection agreements with the Transferred Individuals.solely
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