Common use of Transfers to Affiliates Clause in Contracts

Transfers to Affiliates. In order to receive a Basic Severance Benefit, you must terminate employment with the “Company,” which, as noted above, refers collectively to Accuride and all of its Affiliates. As a result, a transfer to an Affiliate will not be treated as a termination of employment for purposes of this Agreement. For purposes of determining whether a transfer gives rise to Good Reason for your termination of employment, a transfer shall be treated the same as a reassignment within Accuride.

Appears in 10 contracts

Samples: Severance and Retention Agreement (Accuride Corp), Severance and Retention Agreement (Accuride Corp), Severance and Retention Agreement (Accuride Corp)

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