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.
Appears in 13 contracts
Samples: Employee Matters Agreement (RXO, Inc.), Employee Matters Agreement (Rxo, LLC), Employee Matters Agreement (Consensus Cloud Solutions, Inc.)
Vacation, Holidays and Leaves of Absence. Effective as of no later From and following than the Effective Time, (a) 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 approved leave of absence, and required payments related thereto, for each SpinCo Employee, unless otherwise required by applicable Law, and (b) the Parent Group shall assume or retain all Liabilities with respect to vacation, holiday, annual leave or other approved leave of absence, and required payments related thereto, for each Parent Group Employee.
Appears in 4 contracts
Samples: Employee Matters Agreement (EQT Corp), Employee Matters Agreement (Equitrans Midstream Corp), Employee Matters Agreement (Equitrans Midstream Corp)
Vacation, Holidays and Leaves of Absence. Effective as of no later than the Effective TimeOperational Separation Date, the SpinCo Spinco Group shall assume all Liabilities of the SpinCo Parent Group with respect to vacation, holiday, annual leave or other leave of absence, and required payments related thereto, for each SpinCo 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.
Appears in 4 contracts
Samples: Employee Matters Agreement (Howmet Aerospace Inc.), Employee Matters Agreement (Arconic Corp), Employee Matters Agreement (Arconic Rolled Products Corp)
Vacation, Holidays and Leaves of Absence. Effective as of no later From and following than the Effective Time, (a) the SpinCo Group shall assume retain 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 , and (b) 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.
Appears in 3 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Cars.com Inc.), Employee Matters Agreement (Cars.com Inc.)
