IMPCO Group definition
Examples of IMPCO Group in a sentence
The IMPCO Group shall retain all liabilities relating to, arising out of, or resulting from workers' compensation claims that were incurred (a) prior to the Effective Time with respect to IMPCO Employees (not including any Quantum Employees) and (b) on and after the Effective Time with respect to IMPCO Retained Employees.
The IMPCO Group shall retain all other liabilities relating to the IMPCO Savings Plan.
The parties acknowledge and agree that neither (i) IMPCO's exercise of the Reserved Technology Rights and the use, manufacture, sale, distribution, and other commercial exploitation of the Tri-Shield Tank in the IMPCO Market, pursuant to Section 2.1(b)(i), nor (ii) the transfer of employees from the IMPCO Group to Quantum prior to the Effective Time, shall constitute a breach of this Section 2.16(b).
Notwithstanding anything provided in any Ancillary Agreement, from and after the Effective Time of the Contribution, (i) IMPCO shall, and shall cause each member of the IMPCO Group to, assume, pay, perform and discharge all IMPCO Liabilities and (ii) Quantum shall, and shall cause each member of the Quantum Group to, assume, pay, perform and discharge all Quantum Liabilities.
If, during the one-year period following the Effective Time, an IMPCO Retained Employee or a Quantum Employee terminates employment with his or her employer and then immediately commences employment with the Quantum Group or the IMPCO Group, respectively, the subsequent employer shall cause to be recognized (to the extent applicable) such employee's past service with the Quantum Group or the IMPCO Group to the extent recognized under any substantially similar plans maintained by the prior employer.
The parties acknowledge and agree that neither (i) Quantum's use, manufacture, sale, distribution, and other commercial exploitation of the Tri-Shield Tank, pursuant to Section 2.1(b)(ii), nor (ii) the transfer of employees from the IMPCO Group to Quantum prior to the Effective Time, shall constitute a breach of this Section 2.16(c).
Under such circumstances pay-for- performance plans tie an individual’s pay directly to his or her ability to meet performance targets.
Notwithstanding anything herein to the contrary, the IMPCO Group shall retain all of its Research Credit carryovers from all periods prior to the Distribution Date and no portion of such Research Credit carryovers shall be allocated or attributed to the Quantum Group.
Article IV of the Distribution Agreement shall govern the rights of the IMPCO Group and the Quantum Group with respect to access to information.
Except as provided in Article V of the Tax Allocation and Indemnification Agreement, (a) the Quantum Group shall assume all liabilities with respect to awards granted pursuant to the Quantum 2002 Stock Incentive Plan, and (b) the IMPCO Group shall retain all other liabilities with respect to awards granted pursuant to the IMPCO Stock Option Plans (including, but not limited to, awards granted to IMPCO Retained Employees).