Examples of Luminent Group in a sentence
This Agreement may be enforced separately by each member of the MRV Group and each member of the Luminent Group.
MRV Group" means MRV, each Subsidiary and Affiliated Company of MRV (other than any member of the Luminent Group) immediately after the Separation Date, after giving effect to the Non-US Plan and each Person that becomes a Subsidiary or Affiliate Company of MRV after the Separation Date.
Luminent Group" means Luminent, each Subsidiary and Affiliated Company of Luminent immediately after the Separation Date or that is contemplated to be a Subsidiary or Affiliated Company of Luminent pursuant to the Non-US Plan and each Person that becomes a Subsidiary or Affiliate Company of Luminent after the Separation Date.
Luminent shall have the sole responsibility for all employment-related claims regarding Luminent Employees and Luminent Transferred Employees that exist, or come into existence, on or after the Separation Date relating to, arising out of, or resulting from their employment with the Luminent Business or the Luminent Group.
Effective as of any date on or after the Separation Date and before the Distribution Date (or such other date(s) as MRV or Luminent may mutually agree), any member of the Luminent Group not described in the preceding sentence may, at its request and with the consent of MRV and Luminent, become a Participating Company in any or all of the MRV Plans, to the extent that Luminent has not yet established a corresponding Plan.
In addition, nothing in the Separation Agreement, this Agreement, or any Ancillary Agreement should be construed to change the at-will status of the employment of any of the employees of the MRV Group or the Luminent Group.
Luminent Indemnitees" means Luminent, each member of the Luminent Group and each of their respective directors, officers and employees.
MRV agrees, for itself and as agent for each member of the MRV Group, not to make any claim or demand, or commence any Action asserting any claim or demand, including any claim of contribution or any indemnification, against Luminent or any member of the Luminent Group, or any other Person released pursuant to Section 1.1(b), with respect to any Liabilities released pursuant to Section 1.1(b).
Without limiting the generality of the foregoing: (a) neither the Distribution or Separation, nor the termination of the Participating Company status of Luminent or any member of the Luminent Group shall cause any employee to be deemed to have incurred a termination of employment; and (b) no transfer of employment between MRV and Luminent before the Distribution Date shall be deemed a termination of employment for any purpose hereunder.
Nothing in this Agreement shall be deemed to restrict any member of the Luminent Group from acquiring at its own expense any other insurance policy in respect of any Liabilities or covering any period.