Termination, Etc. Notwithstanding anything to the contrary herein, this Agreement may be amended, modified or terminated at any time prior to the Effective Time by and in the sole discretion of ASD without the approval of WABCO or the stockholders of ASD. In the event of a termination, no Party shall have any Liability to any other Party or any other Person. After the Effective Time, this Agreement may not be terminated except by an agreement in writing signed by each of the Parties.
Appears in 3 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (WABCO Holdings Inc.), Employee Matters Agreement (American Standard Companies Inc)
Termination, Etc. Notwithstanding anything to the contrary herein, this Agreement (including ARTICLE VI (Indemnification) hereof) may be terminated and the Distribution may be amended, modified or terminated abandoned at any time prior to the Effective Time by and in the sole discretion of ASD without the approval of WABCO or the stockholders of ASD. In the event of a such termination, no Party shall have any Liability to any other Party or any other Person. After the Effective Time, this Agreement may not be terminated except by an agreement in writing signed by each of the Parties.
Appears in 2 contracts
Samples: Separation and Distribution Agreement (American Standard Companies Inc), Separation and Distribution Agreement (WABCO Holdings Inc.)
