Common use of Shared Employees Clause in Contracts

Shared Employees. Each individual who is an officer, director or employee of any member of the Parent Group and any member of the SpinCo Group shall resign, effective at or prior to the Distribution, from all positions such individual holds with the SpinCo Group, such that following the Distribution such individual will not hold such positions in both Groups.

Appears in 9 contracts

Samples: Separation and Distribution Agreement (Change Healthcare Inc.), Separation and Distribution Agreement (McKesson Corp), Separation and Distribution Agreement (Change Healthcare Inc.)

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