Common use of Termination of Participating Company Status Clause in Contracts

Termination of Participating Company Status. Unless otherwise provided in this Agreement, to the extent applicable, effective as of the Close of the Distribution Date, Spinco and each member of the Spinco Group shall cease to be a Participating Company in any of the NSI Plans remaining with NSI, and NSI and each member of the NSI Group shall cease to be a Participating Company in any Plan assumed by Spinco or a member of the Spinco Group.

Appears in 4 contracts

Samples: Employee Benefits Agreement (L&c Spinco Inc), Employee Benefits Agreement (Acuity Brands Inc), Employee Benefits Agreement (National Service Industries Inc)

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