Vacation, Holidays and Leaves of Absence. Effective as of no later than the Effective Time, the SpinCo Group shall assume all Liabilities of the SpinCo Group with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each SpinCo Group Employee, unless otherwise required by applicable Law. The Parent Group shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Parent Group Employee.
Vacation, Holidays and Leaves of Absence. From and following the Effective Time: (a) the Carrier Group shall assume and retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Carrier Group Employee and Former Carrier Group Employees, unless otherwise required by applicable Law; (b) the Otis Group shall assume and retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Otis Group Employee and Former Carrier Group Employee, unless otherwise required by applicable Law; and (c) the UTC Group shall assume and retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each UTC Group Employee and Former Carrier Group Employee.
Vacation, Holidays and Leaves of Absence. Without limiting the generality of Section 2.1, effective as of the Distribution Date, CSWI shall assume all Liabilities with respect to vacation, holiday, annual leave of absence, and required payments related thereto, for each Transferring Employee. Capital Southwest or one of its Subsidiaries shall retain all Liabilities with respect to vacation, holiday, annual leave of absence, and required payments related thereto, for each Capital Southwest Company Employee and each Former Capital Southwest Company Employee, and CSWI or one of the CSWI Companies shall retain all Liabilities with respect to vacation, holiday, annual leave of absence, and required payments related thereto, for each CSWI Company Employee (excluding the Transferring Employees) and each Former CSWI Company Employee.
Vacation, Holidays and Leaves of Absence. Effective as of no later than the Effective Time, the Adient Group shall assume all Liabilities of the Xxxxxxx Controls Group with respect to vacation, holiday, annual leave, or other leave of absence, and required payments related thereto, for each Adient Group Employee who is a U.S. Employee. The Xxxxxxx Controls Group shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Xxxxxxx Controls Group Employee who is a U.S. Employee.
Vacation, Holidays and Leaves of Absence. Effective as of the Effective Time, the SpinCo Group shall assume all Liabilities of the KAR Group with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each SpinCo Group Employee. The KAR Group shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each KAR Group Employee.
Vacation, Holidays and Leaves of Absence. Effective as of the Effective Time, the nVent Group shall assume all Liabilities of the Pentair Group with respect to vacation, holiday, annual leave, or other leave of absence, and required payments related thereto, for each nVent Group Employee who is a U.S. Employee. The Pentair Group shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Pentair Group Employee who is a U.S. Employee. Notwithstanding the foregoing, during the Transition Period, the Pentair Group shall administer the vacation, holiday, annual leave, or other leave of absence programs of the nVent Group for its U.S. Employees in accordance with the Transition Services Agreement.
Vacation, Holidays and Leaves of Absence. Effective as of no later than the Effective Time, the Varex Group shall assume all Liabilities of the Varex Group with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Varex Employee, unless otherwise required by applicable Law. The Parent Group shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Parent Employee.
Vacation, Holidays and Leaves of Absence. Effective as of the Operational Separation Date, the UpstreamCo Group shall assume all Liabilities of the Parent Group with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each UpstreamCo Group Employee. The Parent Group shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Parent Group Employee.
Vacation, Holidays and Leaves of Absence. In accordance with Section 2.1(a)(i) of this Agreement, effective as of the Transfer Date, Hospira shall assume all Liabilities of the Abbott Group with respect to accrued vacation or leaves of absence, and required payments related thereto, for each Transferred Employee. Notwithstanding the foregoing, where (and only to the extent) required by applicable state law, the Abbott Group shall provide each U.S. Transferred Employee with the opportunity to elect to receive a payment of his or her accrued vacation as of the Transfer Date, the Abbott Group shall pay that accrued vacation to any such individual who elects to receive a payment and the Hospira Group shall not assume any accrued vacation or receive the accrual with respect to a U.S. Transferred Employee who elects a payment in accordance with the foregoing. During the Transition Period, the Hospira Group shall continue to apply the vacation, holiday and leave of absence policy or practice (whether or not legally required) applicable to each U.S. Transferred Employee and each Transferred Expatriate Employee immediately prior to the Transfer Date so that each U.S. Transferred Employee and each Transferred Expatriate Employee shall be entitled to use any vacation time or leave of absence, and/or receive any pay related thereto, to which that Employee would otherwise be entitled under the Abbott Benefit Plans related to vacation time or leave of absence as of the Transfer Date, taking into account, to the extent applicable, any reduction in vacation time for which any U.S. Transferred Employee has received a payment of accrued vacation as of the Transfer Date. Vacation, holiday and leave of absence policies for Transferred Employees for periods after the Transition Period shall be determined by Hospira in its sole discretion.
Vacation, Holidays and Leaves of Absence. Effective as of the Operational Separation Date, with respect to the Keysight Group Employees and effective as of the Transfer Date, with respect to any Subsequently Transferred Keysight Employees, Keysight shall assume, or cause its relevant Subsidiary to assume, all Liabilities of the Agilent Group with respect to earned vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each Keysight Group Employee and Subsequently Transferred Keysight Employee unless otherwise required by applicable Law. Agilent or its relevant Subsidiary shall retain all Liabilities with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for Agilent Group Employees and effective as of the Transfer Date, Returning Agilent Employees.
