Duke Energy Group definition

Duke Energy Group shall have the meaning set forth in the Separation Agreement.
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Duke Energy Group means Duke Energy and each Person identified on Schedule 1.1(48), and each Person that is or becomes a Subsidiary of Duke Energy at or after the Effective Time.
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Examples of Duke Energy Group in a sentence

  • For purposes of clarification, the Liabilities assumed or retained by the Duke Energy Group as provided for in this Section 2.1(a) are intended to be Power Liabilities as such term is defined in the Separation Agreement.

  • Spectra Energy shall credit each Spectra Energy Participant with the amount of accrued but unused vacation time, sick time and other time-off benefits as such Spectra Energy Participant had with the Duke Energy Group as of the Distribution Date.

  • Notwithstanding the above, Spectra Energy shall not be required to credit any Spectra Energy Participant with any accrual to the extent that a benefit attributable to such accrual is provided by the Duke Energy Group.

  • Duke Energy and Spectra Energy acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of employment of any Spectra Energy Participant for purposes of any policy, plan, program or agreement of Duke Energy or Spectra Energy or any member of the Duke Energy Group or Spectra Energy Group that provides for the payment of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment.

  • Notwithstanding the foregoing, Spectra Energy shall not assume or retain any workers’ compensation Liability relating to, arising out of, or resulting from any claim by a Spectra Energy Employee that results from an accident, incident or event occurring, or from an occupational disease which becomes manifest, while such Spectra Energy Employee was employed by any member of the Duke Energy Group (such a claim, a “Duke Energy Retained Claim”).

  • Notwithstanding anything herein to the contrary, the Duke Energy Retirement Plan will retain all Liabilities (if any) earned under the Duke Energy Retirement Plan in respect of any individual who becomes employed by any member of the Spectra Energy Group following the Distribution Date and whose employment with the Duke Energy Group terminated on or before the Distribution Date with no vested benefit under the Duke Energy Retirement Plan.

  • Uruguay Holdings is a direct wholly-owned subsidiary of DEILA, which is owned as follows: (i) 90.80% by Duke Energy Group, LLC, a Delaware limited liability company (“DEG”), and (ii) 9.20% by Texas Eastern (Bermuda) Ltd., a Bermuda company (“TEB”), which is a direct, wholly-owned subsidiary of DEG.

  • The Parties recognize that legal and other professional services that have been and will be provided prior to the Effective Time have been and will be rendered for the collective benefit of each of the members of the Duke Energy Group and the GasCo Group, and that each of the members of the Duke Energy Group and the GasCo Group should be deemed to be the client with respect to such pre-separation services for the purposes of asserting all privileges which may be asserted under applicable Law.

  • Notwithstanding anything herein to the contrary, the Duke Energy Retirement Plan will retain all Liabilities (if any) earned under the Duke Energy Retirement Plan in respect of any individual who becomes employed by any member of the GasCo Group following the Distribution Date and whose employment with the Duke Energy Group terminated on or before the Distribution Date with no vested benefit under the Duke Energy Retirement Plan.

  • Following the Distribution Date, Duke Energy and GasCo shall, or shall cause each of their respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action between Duke Energy and GasCo) to which any employee, director or Benefit Plan of the Duke Energy Group or GasCo Group is a party and which relates to their respective Benefit Plans prior to the Distribution Date.

Related to Duke Energy Group

  • ITT means the Purchaser’s invitation to tender dated (date ITT issued).

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Wireline means a cable containing one or more electrical conductors which is used to lower and raise logging tools in the well-bore.

  • Excess Energy has the meaning set forth in Section 4.5(a)(i). [For As-Available Product only]

  • SpinCo shall have the meaning set forth in the Preamble.

  • EDS means Electronic Data Systems Corporation, a Delaware corporation, all its direct and indirect subsidiaries, all its affiliated entities, and all its successors and assigns, and the employees, agents, attorneys, officers and directors of each of them.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Plan Sponsor has the meaning given in ERISA Section 3(16)(B).

  • RemainCo shall have the meaning set forth in the Preamble.

  • Gas company means any person distributing gas within the corporate limits or authorized and proposing to so engage.

  • Employing Company means the Company and any affiliate or subsidiary of The Southern Company which the Board of Directors may from time to time determine to bring under the Plan and which shall adopt the Plan, and any successor of them. The Employing Companies are set forth on Appendix A to the Plan as updated from time to time. No such entity shall be treated as an Employing Company prior to the date it adopts the Plan.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Company Group means the Company and its Subsidiaries.

  • Solar energy system means a system of components that produces heat or electricity, or both, from

  • Member Company means a “service recipient” as defined in Treasury Regulation § 1.409A-1(h)(3).

  • Participating Companies means any insurance company (including Insurance Company) that offers variable annuity and/or variable life insurance contracts to the public and that has entered into an agreement with one or more of the Funds.

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • Separated employees means persons who separate from

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Service Group means any one or more (as the context may require) of the service groups described in this Schedule;