Examples of BMS Group in a sentence
This may include the Bristol Myers Squibb Company headquarters in the United States and all of its current and future subsidiaries, branch offices, affiliates, entities and other companies that are part of, owned or controlled by, the BMS Group.
Except as specified otherwise in this Agreement, nothing in this Agreement shall require BMS to transfer any, or shall require any member of the Xxxx Xxxxxxx Group or any Xxxx Xxxxxxx Plan to assume any assets or Liabilities of any member of the BMS Group or any BMS Plan (other than as required by applicable law, employment contract, collective bargaining agreement, trade union agreement or works council agreement).
Effective as of the Separation Date, Mead Johnson shall assume and be solely responsible for all Liabilities with respect to statutory benefits provided to Mead Johnson Transferred Employees and their beneficiaries by the members of the BMS Group immediately prior to the Separation Date.
Notwithstanding the foregoing, BMS and Xxxx Xxxxxxx shall use commercially reasonable efforts to come to an agreement about whether any individual formerly employed by the BMS Group should be treated as a Former Xxxx Xxxxxxx Employee for purposes of this Agreement.
BMS shall be solely responsible to Xxxx Xxxxxxx for ensuring that each member of the BMS Group complies with the applicable terms of this Agreement.
No provision of the Separation Agreement or any Ancillary Agreement shall be deemed to release any individual for any violation of the BMS non-competition guidelines or any agreement or policy pertaining to confidential or proprietary information of any member of the BMS Group, or otherwise relieve any individual of his or her obligations under such non-competition guidelines, agreement or policy.
Effective as of the Separation Date and subject to applicable law, Mead Johnson shall establish an automobile allowance program for those Foreign Mead Johnson Transferred Employees who received an automobile allowance from a member of the BMS Group immediately prior to the Separation.
At the time such amended or new visa or license to do business is issued, such Foreign BMS Employees shall become employees of a member of the BMS Group with substantially similar rights as all other Foreign BMS Employees.
BMS shall retain the economic obligations under the retention bonus arrangements of the members of the BMS Group that are payable before the Separation Date and are identified on Section 9.5 of the Schedules.
Mead Johnson shall indemnify and hold the members of the BMS Group harmless against any such contracts, liabilities, obligations or any and all losses which any member of the BMS Group may suffer or incur as a result of any claim, action or other proceeding made by such independent contractor or Leased Worker against the members of the BMS Group from and after the Separation Date or arising from any breach of Mead Johnson’s obligations under this Section 11.1.