Examples of Autoliv Group in a sentence
Autoliv shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the Autoliv Group.
Nothing in this Agreement shall create any obligation on the part of any member of the Autoliv Group or any member of the Veoneer Group to (i) continue the employment of any Employee or permit the return of any Employee from a leave of absence for any period after the date of this Agreement (except as required by applicable Law) or (ii) change the employment status of any Employee from “at-will,” to the extent that such Employee is an “at-will” employee under applicable Law.
With respect to claims for workers’ compensation in the U.S., (a) the Veoneer Group shall be responsible for claims in respect of Veoneer Group Employees and Former Veoneer Group Employees, whether occurring before, at, or after the Effective Time, and (b) the Autoliv Group shall be responsible for all claims in respect of Autoliv Group Employees and Former Autoliv Group Employees, whether occurring before, at, or after the Effective Time.
As of the Effective Time, the Autoliv Group shall retain (or assume to the extent necessary) sponsorship of each Autoliv U.S. Pension Plan, and, from and after the Effective Time, all Assets and Liabilities thereunder shall be Assets and Liabilities of the Autoliv Group.
As of the Effective Time, the Autoliv Group shall retain (or establish or assume to the extent necessary) sponsorship of the Autoliv Non-U.S. Welfare Plans, and, from and after the Effective Time, all Assets and Liabilities thereunder shall be the Assets and Liabilities of the Autoliv Group.
To the extent not inconsistent with this Agreement, the Distribution Agreement, or any applicable privacy protection Laws or regulations, reasonable access to Employee-related records after the Effective Time shall be provided to members of the Autoliv Group and members of the Veoneer Group pursuant to the terms and conditions of Article VI of the Distribution Agreement.
Autoliv shall retain all Liabilities under the Autoliv Non-Qualified Retirement Plan for Autoliv Group Employees and Former Employees and all Liabilities under the Autoliv Non-Qualified Retirement Plan for Autoliv Group Employees that relate to deferrals prior to or as of the Distribution Date.
Nothing in this Agreement shall be construed or interpreted to restrict the right or authority of any member of the Autoliv Group or the Veoneer Group, as applicable, to amend or terminate any Autoliv Benefit Plan or Veoneer Benefit Plan, or any plan that is newly adopted or implemented in accordance with the terms hereof after the Distribution Date, as applicable, effective as of a date on and after the Distribution Date, to the extent permitted by applicable Law.
Except as otherwise specifically provided herein, the Autoliv Group shall retain all Liabilities relating to Incurred Claims under the Autoliv U.S. Welfare Plans, and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims.
As of the Effective Time, Veoneer shall, and shall cause the Veoneer Non-Qualified Retirement Plan to, assume all Liabilities under the Autoliv Non-Qualified Retirement Plan of Veoneer Group Employees that relate to deferrals following the Effective Time, determined as of the Effective Time, and the Autoliv Group and the Autoliv Non-Qualified Retirement Plan shall be relieved of all such Liabilities.