SpinCo Employees. Except as provided in Section 2.02, all SpinCo Employees as of immediately prior to the Distribution shall continue to be employees of the SpinCo Group immediately following the Distribution. The Parties hereto agree that none of the transactions contemplated by the Separation Agreement or any of the Ancillary Agreements, including this Agreement, shall result in any SpinCo Employee, SpinCo LTD Employee or Former SpinCo Employee being deemed to have incurred a termination of employment or being eligible to receive severance benefits, solely as a result of the Distribution.
Appears in 9 contracts
Samples: Employee Matters Agreement (Resideo Technologies, Inc.), Employee Matters Agreement (Garrett Motion Inc.), Employee Matters Agreement (Resideo Technologies, Inc.)
SpinCo Employees. Except as provided in Section 2.022.03, all SpinCo Employees as of immediately prior to the Distribution shall continue to be employees of the SpinCo Group immediately following the DistributionLocal Transfer Date. The Parties hereto agree that none of the transactions contemplated by the Separation Agreement or any of the Ancillary Agreements, including this Agreement, shall result in cause any SpinCo Employee, SpinCo LTD Employee Employee, or Former SpinCo Employee being to be deemed to have incurred a termination of employment or being to be eligible to receive severance benefits, benefits solely as a result of the Distribution.
Appears in 3 contracts
Samples: Employee Matters Agreement (Cerence Inc.), Employee Matters Agreement (Nuance Communications, Inc.), Employee Matters Agreement (Cerence LLC)
SpinCo Employees. Except as provided in Section 2.022.03, all SpinCo Employees as of immediately prior to the Distribution shall continue to be employees of the SpinCo Group immediately following the DistributionLocal Transfer Date. The Except as required by applicable Law, the Parties hereto agree that none of the transactions contemplated by the Separation Agreement or any of the Ancillary Agreements, including this Agreement, shall result in cause any SpinCo Employee, SpinCo LTD Employee or Former SpinCo Employee being to be deemed to have incurred a an involuntary termination of employment or being to be eligible to receive severance benefits, benefits solely as a result of the transfers of employment contemplated by this Agreement or the Distribution.
Appears in 3 contracts
Samples: Employee Matters Agreement (Kyndryl Holdings, Inc.), Employee Matters Agreement (Kyndryl Holdings, Inc.), Employee Matters Agreement (Kyndryl Holdings, LLC)
