Examples of KBR Group in a sentence
No provision of this Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any KBR Employee or other future, present or former employee of Halliburton, KBR, the Halliburton Group or the KBR Group under any Halliburton Plan or KBR Plan or otherwise.
Except as specified otherwise in this Agreement or as required by applicable law, with respect to KBR Employees, each KBR Plan in existence on the IPO Closing Date shall provide that all service with the Halliburton Group as of the IPO Closing Date shall receive full recognition and credit and be taken into account under such KBR Plan to the same extent as if such service occurred with the KBR Group, except to the extent that duplication of benefits would result.
A Halliburton Employee’s service with the KBR Group prior to such employee’s transfer of employment to Halliburton on or before the Deconsolidation Date shall be considered for purposes of determining the amount of vacation accruals to which such employee is entitled under the applicable Halliburton policies or plans.
In addition, nothing in this Agreement, the Separation Agreement, the Transition Services Agreement or the Tax Sharing Agreement should be construed to change the at-will status of any of the employees of any member of the Halliburton Group or the KBR Group.
The Town shall provide the MVP Health Plan New York Co-Plan 15+ or the New York State Health Insurance Plan to full-time bargaining unit employees and their families.
Halliburton and KBR shall mutually agree, if necessary, on methods and procedures, including amending the respective Plan documents, to prevent employees of the KBR Group from receiving duplicate benefits from the Halliburton Plans and the KBR Plans.
Employees of the KBR Group may be required to execute a new agreement regarding confidential information and proprietary developments in a form approved by KBR.
Any Taxes and Tax Attributes associated with the filing of a separate Tax Return in a foreign jurisdiction that includes the Tax Items of one or more ESG Group Members and one or more KBR Group Members shall be allocated to such members by Halliburton in a manner consistent with the principles set forth in this Article III.
With respect to any taxable year ending prior to the Deconsolidation Year and beginning on or after the Effective Date, the KBR Group Combined Tax Liability shall be the sum for such taxable period of the KBR Group’s liability for Taxes owed with respect to Combined Returns, as determined on the KBR Group Pro Forma Combined Returns prepared in a manner consistent with the principles and procedures set forth in Section 3.04 hereof.
In consideration for the provision of a Service, each member of the KBR Group receiving Services shall pay to HESI or the member of the Halliburton Group providing such Services, as applicable, either (i) a mutually agreed fixed fee for such Service or (ii) a reimbursement for all reasonable, out-of-pocket cash costs that are incurred to provide such Service, including, as applicable, one-time set-up costs for Services.