Allegion Group definition

Allegion Group means Allegion and each Person that is a direct or indirect Subsidiary of Allegion immediately after the Effective Time, and each Person that becomes a Subsidiary of Allegion after the Effective Time, and shall include the Allegion Business Units.
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Allegion Group shall have the meaning set forth in the Separation Agreement.
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Allegion Group shall have the same meaning as the term “Allegion Group” in the Distribution Agreement.
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Examples of Allegion Group in a sentence

  • In consideration of the mutual indemnities and other obligations of this Agreement, any and all prior Tax sharing or allocation agreements or practices between any member of the IR Group, on the one hand, and any member of the Allegion Group, on the other, shall be terminated as of the Distribution Date, and neither Party shall have any continuing rights or obligations thereunder.

  • For the avoidance of doubt, the Distribution and the assignment, transfer or continuation of the employment of Allegion Group Employees contemplated by Section 3.1 shall not be deemed a severance of employment for purposes of this Agreement and any IR severance arrangements, plans, policies or guidelines, and effective as of the Effective Time, Allegion Group Employees shall not be eligible to receive any severance or other benefits under any IR severance plans or policies.

  • Allegion will continue to apply the same leave of absence policies applicable to inactive Allegion Group Employees who are on an approved leave of absence as of the Effective Time.

  • Subject to any limitations imposed by applicable Law, IR and Allegion (acting directly or through members of the IR Group or the Allegion Group, respectively) shall provide to the other and their respective agents and vendors all information necessary for the Parties to perform their respective duties under this Agreement.

  • The Allegion Group Employees and Former Allegion Group Employees described here shall be known as the “Schlage Lock Company LLC Pension Plan Participants.” Effective as of the Effective Time, either Schlage Lock Company LLC shall remain the plan sponsor of the Schlage Lock Company LLC Pension Plan or Allegion shall or shall cause another Allegion Entity to assume the Schlage Lock Company LLC Pension Plan.

  • No later than the Effective Time, Schlage Lock Company LLC, a Transferred Group Entity, shall have established defined contribution plans that are intended to meet the requirements of Section 401(a) of the Code and a related trust that is intended to meet the requirements of Section 501(a) of the Code for the benefit of Allegion Group Employees and Former Allegion Group Employees (the “Schlage Lock Company LLC 401(k) Plans”).

  • As of the Effective Time, the Allegion Group Employees and Former Allegion Group Employees shall no longer participate in the IR Deferred Compensation Plans.

  • Notwithstanding the foregoing, any individual residing in California who would have become an Allegion Group Employee as of the Effective Time but was on an approved leave of absence at the Effective Time shall become an Allegion Group Employee following the conclusion of his or her approved leave.

  • The rights of each member of the IR Group and each member of the Allegion Group to amend, waive, or terminate any Benefit Plan shall not be limited in any way by this Agreement.

  • As of the Effective Time, each Allegion Group Employee shall cease to participate in any IR Benefit Plan that provides cash bonus or similar short-term cash incentive opportunities (the “IR Bonus Plans”), and from and after the Effective Time, the Allegion Group shall be solely responsible for providing cash bonus or similar short-term cash incentive opportunities to Allegion Group Employees, in accordance with this Article V.