Examples of Abbott Group in a sentence
If an Abbott Affiliate ceases to be a member of the Abbott Group as a result of a sale or exchange of all of the stock of such member, other than an exchange for which the consideration received by Abbott is the stock of Abbott or an Abbott Affiliate, the departing Abbott Affiliate shall be released from its obligations under this Agreement upon its departure from the Abbott Group.
The new forms shall acknowledge that continued employment with the Hospira Group shall have the same effect as continued employment with the Abbott Group with respect to the determination of the settlement date under those trusts.
Without limiting the generality of the foregoing, the Abbott Group hereby assigns to the AbbVie Group, effective as of the applicable Transfer Date, all rights and obligations relating to any Employee Recoupment Assets of the Abbott Group in respect of any AbbVie Employee or AbbVie Former Employee.
With respect to any Transferred Employee who makes an election pursuant to (ii) above, subsequent termination of employment from the Hospira Group shall have the same effect under the Abbott DCP as a termination of employment from the Abbott Group.
With respect to claims for workers compensation in the United States, (a) the AbbVie Group shall be responsible for claims in respect of AbbVie Employees and AbbVie Former Employees, whether occurring prior to, on or following the Distribution Date, and (b) the Abbott Group shall be responsible for all claims in respect of Abbott Retained Employees and Abbott Former Employees, whether occurring prior to, on or following the Distribution Date.
If a participant in the Xxxxxx-AbbVie MEPP becomes employed by the Abbott Group or the AbbVie Group on or after the Distribution Date in a position that is eligible for pension plan participation, any additional pension accruals shall occur under the Abbott ARP or the AbbVie Pension Plan, as applicable.
The employees of the Hospira Business are currently employed by the Abbott Group (as defined herein).
A subsequent termination of employment from the Hospira Group shall have the same effect under the terms of the grantor trusts as a termination of employment from the Abbott Group.
Upon written request by Abbott or the Abbott Group, AbbVie or the AbbVie Group shall make available to Abbott or the Abbott Group the original copy of any Employee Agreement that was assigned to AbbVie or the AbbVie Group under this Agreement.
Nothing in this Agreement, whether express or implied, confers upon any employee of the Abbott Group, the Hospira Group, TAP, any Employee, any beneficiary of an Employee, any former employee of the Abbott Group or TAP or any other person, any rights or remedies, including, but not limited to any right to (a) employment or recall; (b) continued employment or continued service for any specified period; or (c) claim any particular compensation, benefit or aggregation of benefits, of any kind or nature.