Examples of Employment Claim in a sentence
Cash payments to Holders of Allowed Employment Claims shall be made at the option of the Debtor as follows: on the first Periodic Distribution Date occurring after the later of (i) the Effective Date and (ii) the date such Employment Claim becomes an Allowed Claim.
Potential Employment Claim shall have the meaning set forth in the applicable Coverage Section.
In addition, at the Business Transfer Time, SpinCo shall retain or assume all Liabilities related to the employment or retention of SpinCo Employees and Former SpinCo Employees, except as specifically provided herein, including Liabilities for any Employment Claim with respect to a SpinCo Employee or Former SpinCo Employee.
Except as otherwise provided in and subject to Section 10.6 of the Plan, and except to the extent that a Holder of an Allowed Employment Claim agrees to a less favorable treatment, in full and final satisfaction, settlement, release, and discharge of and in exchange for each and every Allowed Employment Claim, each such Holder of an Allowed Employment Claim shall receive a Cash payment equal to 75% of its Allowed Employment Claim.
The indemnifying Party shall pay to the other Party any and all amounts that a court finally awards to a third party or that Supplier agrees to in settlement with a third party of any such Employment Claim as provided in Section 35.7 (General Indemnity).