Delta Group definition
Examples of Delta Group in a sentence
Effective as of the Effective Time, the Delta Entity formerly employing each Former Delta Group Employee shall have (and, to the extent it has not previously had such obligations, such Delta Entity shall assume) the obligations for all claims and Liabilities relating to unemployment compensation benefits for all Former Delta Group Employees.
After the Effective Time, (i) Delta shall be responsible for providing any necessary WARN notice (and meeting any similar state Law notice requirements) with respect to any termination of employment of any Delta Group Employee and (ii) Ultra shall be responsible for providing any necessary WARN notice (and meeting any similar state Law notice requirements) with respect to any termination of employment of any Ultra Group Employee.
The Parties acknowledge that the Delta Group or the Ultra Group may provide administrative services for certain of the other Party’s benefit programs for a transitional period under the terms of the Transition Services Agreement.
Notwithstanding the foregoing, except as otherwise specifically set forth below or in the applicable Benefit Plan document, service with any member of the Delta Group from and after the Distribution shall not be taken into account for any purpose under any Benefit Plan sponsored and maintained by the Ultra Group.
Similarly, except as otherwise specifically set forth below or in the applicable Benefit Plan document, service with any member of the Ultra Group from and after the Distribution shall not be taken into account for any purpose under any Benefit Plan sponsored and maintained by the Delta Group.
Delta shall have sole responsibility for the administration of the Delta Deferred Compensation Plan and the payment of benefits thereunder to or on behalf of Delta Group Employees and Former Delta Group Employees, and no member of the Ultra Group shall have any liability or responsibility therefor.
Each of Delta and Ultra shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any member of the Delta Group and any member of the Ultra Group, respectively.
Notwithstanding the foregoing, neither Ultra Welfare Benefit Plans nor Ultra shall be responsible for a claim incurred prior to the date on which the respective Delta Group Employee is transferred to Ultra from Delta.
To the extent not inconsistent with this Agreement and any applicable privacy protection Laws or regulations or Privacy Contracts, reasonable access to Employee-related records after the Distribution Date will be provided to members of the Delta Group and members of the Ultra Group pursuant to the terms and conditions of Section 8.2(b) of the Separation and Distribution Agreement.
Delta shall also be permitted to retain copies of all restrictive covenant agreements with any Ultra Group Employee in which any member of the Delta Group has a valid business interest.