SpinCo Retained Bonus Plans. No later than the Effective Time, the SpinCo Group shall continue to retain (or assume as necessary) any incentive plan for the exclusive benefit of SpinCo Group Employees and Former SpinCo Group Employees, whether or not sponsored by the SpinCo Group, and, from and after the Effective Time, shall be solely responsible for all Liabilities thereunder.
Appears in 9 contracts
Samples: Employee Matters Agreement (Consensus Cloud Solutions, Inc.), Employee Matters Agreement (Consensus Cloud Solutions, Inc.), Employee Matters Agreement
SpinCo Retained Bonus Plans. No later than the Effective Distribution Time, the SpinCo Spinco Group shall continue to retain (or assume as necessary) any incentive plan for the exclusive benefit of SpinCo Group Spinco Employees and Former SpinCo Group Spinco Employees, whether or not sponsored by the SpinCo Spinco Group, and, from and after the Effective Distribution Time, shall be solely responsible for all Liabilities thereunder.
Appears in 3 contracts
Samples: Employee Matters Agreement (Viatris Inc), Employee Matters Agreement (Upjohn Inc), Employee Matters Agreement (Upjohn Inc)
