Common use of Vacation and Paid Time Off Clause in Contracts

Vacation and Paid Time Off. SpinCo shall, or shall cause another member of the SpinCo Group to, provide vacation, paid time off, and leave benefits to Employees during the Continuation Period (or such longer period required by applicable Law) that are at least as favorable (and take into account the same service) as those provided to Employees under the applicable vacation, paid time off, or leave program immediately prior to the Distribution Date.

Vacation and Paid Time Off. Effective as of the Distribution Date, SpinCo shall, or shall cause another member of the SpinCo Group to, provide vacationassume or retain all obligations of the Parent Group members for the accrued, unused vacation and other paid time off, and off or leave benefits to for Employees, Former Employees during the Continuation Period (or such longer period required by applicable Law) that are at least as favorable (and take into account the same service) as those provided to Employees under the applicable vacation, paid time off, or leave program immediately prior to the Distribution DateLegacy Former Employees.

Vacation and Paid Time Off. Effective as of the Distribution Date, SpinCo shall, or shall cause another member of the SpinCo Group to, provide vacationassume or retain all obligations of the Parent Group members for the accrued, unused vacation and other paid time off, and off or leave benefits to for Employees during the Continuation Period (or such longer period required by applicable Law) that are at least as favorable (and take into account the same service) as those provided to Employees under the applicable vacation, paid time off, or leave program immediately prior to the Distribution DateFormer Employees.

Vacation and Paid Time Off. SpinCo Effective as of the Distribution Date, SpinCo, to the extent permitted by law and consistent with the principles set out in Section 2(b), shall, or shall cause another member of the SpinCo Group to, provide vacationassume or retain all obligations of the Parent Group members for the accrued, unused vacation and other paid time off, and off or leave benefits to for Employees, Former Employees during the Continuation Period (or such longer period required by applicable Law) that are at least as favorable (and take into account the same service) as those Legacy Former Employees unless otherwise provided to Employees under the applicable vacation, paid time off, or leave program immediately prior to the Distribution Datein Appendix 2e.