Common use of Transition Team Clause in Contracts

Transition Team. Promptly following execution of this Agreement, the parties shall establish a transition planning team (the “Transition Team”) comprised of an equal number of representatives of Purchaser and Company. Subject to applicable law, the Transition Team shall be responsible for facilitating a transition and integration planning process to ensure the successful combination of the operations of Purchaser and Company. Subject to applicable law, the Transition Team shall be responsible for developing, and monitoring the development of, and deliverables due under, an action plan for the combination of the businesses.

Appears in 2 contracts

Samples: Merger Agreement (Anthem Inc), Merger Agreement (Wellpoint Inc)

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Transition Team. Promptly following execution of this Agreement, the parties shall establish a transition planning team (the “Transition Team”) comprised of an equal number of representatives Representatives of Purchaser and Company. Subject to applicable lawLaw, the Transition Team shall be responsible for facilitating a transition and integration planning process to ensure facilitate the successful combination of the operations of Purchaser and Company. Subject to applicable lawLaw, the Transition Team shall be responsible for developing, and monitoring the development of, and deliverables due under, an action plan for the combination of the businesses. This Section 5.9 shall not constitute a covenant or agreement for purposes of Section 6.2(b) or Section 6.3(b).

Appears in 2 contracts

Samples: Merger Agreement (Wellpoint, Inc), Merger Agreement (Amerigroup Corp)

Transition Team. Promptly following execution of this Agreement, the parties shall establish a transition planning team (the "Transition Team") comprised of an equal number of representatives of Purchaser and Company. Subject to applicable law, the Transition Team shall be responsible for facilitating a transition and integration planning process to ensure the successful combination of the operations of Purchaser and Company. Subject to applicable law, the Transition Team shall be responsible for developing, and monitoring the development of, and deliverables due under, an action plan for the combination of the businesses.

Appears in 1 contract

Samples: Merger Agreement (Wellpoint Health Networks Inc /De/)

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Transition Team. Promptly following execution of this Agreement, the parties shall establish a transition planning team (the "Transition Team") comprised of an equal number of representatives Representatives of Purchaser and Company. Subject to applicable lawLaw, the Transition Team shall be responsible for facilitating a transition and integration planning process to ensure facilitate the successful combination of the operations of Purchaser and Company. Subject to applicable lawLaw, the Transition Team shall be responsible for developing, and monitoring the development of, and deliverables due under, an action plan for the combination of the businesses.. This Section 5.9 shall not constitute a covenant or agreement for purposes of Section 6.2(b) or Section 6.3(b).‌

Appears in 1 contract

Samples: Merger Agreement

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