Common use of Temporary Employment Arrangements Clause in Contracts

Temporary Employment Arrangements. Xx. Xxxxx Xxxxxxx who is on International Paper Czech Republic, s.r.o. (“IP Czech”) payroll and Xx. Xxxxx Xxx who is on International Paper (UK) Limited (“IP UK”) payroll (collectively, the “xpedx Employees”) are fully allocated to Spinco’s xpedx business. The parties hereto acknowledge and agree that pursuant to the Employment Matter Agreement dated January 28, 2014 (the “EMA”), they are Spinco Group Employees (as defined therein). • Pursuant to Section 2.1(a) of the EMA, IP Czech and IP UK will continue to keep Xx. Xxxxxxx and Xx. Xxx on their respective payroll during the term hereof and Spinco shall move them to its appropriate affiliate before the end of the term. • For the avoidance of doubt, Spinco agrees that if it fails to employ the xpedx Employees in its affiliate prior to the end of the term, IP UK and IP Czech shall have the right to terminate the employment of these xpedx Employees and Spinco shall reimburse IP UK and IP Czech for all the respective severance payments and other benefits that the xpedx Employees are entitled to and all reasonable cost and expenses associated with the termination of their employment. 12 months from the Distribution Date. Xxxxx Xxxxxxx: CZK1,718,171 per year or CZK143,181 per month Xxxxx Xxx: GBP121,387 per year or GBP10,116 per month