Examples of Frontier Group in a sentence
To the extent that any Frontier Subsidiary is responsible for any of the Spinco Liabilities, each member of the Frontier Group shall be jointly and severally liable for the payment of such Liabilities by such Frontier Subsidiary.
The Frontier Group shall credit each Spinco Employee with the amount of accrued but unused vacation time, sick time and other time-off benefits (together the “Time-Off Benefits”) as such individual had with the Verizon Group or the Spinco Group as of the Effective Time and shall provide such individuals with the same rights, benefits, and entitlements in respect to such Time-Off Benefits as they were entitled to from the Verizon Group or the Spinco Group as of the Effective Time.
The Frontier Group shall be responsible for all Liabilities under each Short Term Incentive Plan and each Sales Commission Program for amounts that become due and payable in accordance with the terms of such plans and programs on or after the Effective Time.
At the Effective Time, Frontier shall or shall cause a member of the Frontier Group or a Spinco Plan to assume, perform, and discharge all Spinco Liabilities, regardless of when or where such Liabilities arose or arise or are incurred.
For purposes of this provision, “cause” shall be determined by Frontier or the applicable member of the Frontier Group and shall include, without limitation, any misconduct or failure to follow Frontier’s policies and procedures; provided, however, that with respect to any Represented Employee, any termination of employment for cause must comply with the terms of the applicable collective bargaining agreement.
For the avoidance of doubt, no provision of this Agreement, the Distribution Agreement or the Merger Agreement and no actions taken by any member of the Verizon Group, the Frontier Group or the Spinco Group in connection with the Internal Restructuring, Distribution, or Merger shall cause a termination of employment of any Spinco Employee or shall cause any Spinco Employee to be entitled to COBRA coverage as of the Effective Time.
After the six month anniversary of the voluntary separation of any Unavailable Employee, Frontier or any member of the Frontier Group and Verizon or any member of the Verizon Group, as the case may be, may employ or retain as a contractor such individual in its sole discretion.