Examples of LW Employee in a sentence
Subject to the terms of any applicable Collective Bargaining Agreement and except to the extent not permitted by applicable Law, ConAgra and SpinCo will cause the LW Group to credit each LW Employee with the amount of accrued and unpaid hours of paid leave, which may include, but is not limited to, vacation, personal days, occasional days, floating holidays and sick leave (together, the “Transferred Leave”) applicable to such LW Employee as of the Distribution Date, or the Applicable Transfer Date.
However, in the event that a LW Employee terminates employment after the Distribution Date and becomes employed by the ConAgra Group, for purposes of Article X, the LW Employee will be deemed terminated and the terms and conditions of the applicable equity incentive plan under which grants were made will apply.
From and after the Distribution Date except as otherwise provided in the Transition Services Agreement, Xxxx Xxxxxx will, or will cause a member of the LW Group to, cause the LW Spinoff 401(k) Plan to cover any LW Employee and Former LW Business Employee who, as of immediately prior to the Distribution Date, participates in or has an account under a ConAgra 401(k) Plan.
Effective as of the Distribution Date, each LW Employee will cease active participation in, and each LW Employee’s service and benefit accruals will cease accruing under, the ConAgra Pension Plans.
SpinCo will be responsible for liabilities for, and will cause the LW Group to provide all compensation or benefits (whether statutory, contractual or otherwise) to each Non-U.S. LW Employee arising from or related to the transactions contemplated by this Employee Matters Agreement, the Separation Agreement, or the other Transaction Documents, or the related transfer of the employee to SpinCo or a member of the LW Group.
Any LW Transferee will be treated in the same manner as a LW Employee under this Article IX, except that such LW Transferee may experience a separation from service (within the meaning of Code Section 409A) on his or her Applicable Transfer Date.
Effective as of the Distribution, Xxxx Xxxxxx or a member of the LW Group will assume and be solely responsible for any Employment Agreement to which a LW Employee or a Former LW Business Employee is a party (a “LW Employment Agreement”), including, but not limited to, the agreements listed on Schedule 5.4, and the ConAgra Group will have no liabilities with respect thereto.
Xxxxxx Title: President and Chief Executive Officer Schedule 1.1 LW Employee ConAgra Participants 1.
Effective as of the Distribution, Xxxx Xxxxxx or a member of the LW Group will assume and be solely responsible for any Employment Agreement to which a LW Employee or a Former LW Business Employee is a party other than the agreements set forth on Schedule 5.4 (each, a “LW Employment Agreement”), and the ConAgra Group will have no liabilities with respect thereto.
Effective as of the Distribution, Xxxx Xxxxxx or a member of the LW Group will assume and be solely responsible for any Employment Agreement to which a LW Employee or a Former LW Business Employee is a party other than the agreements set forth on Schedule 5.4 (each, a “LW Employment Agreement”) and the ConAgra Group will have no liabilities with respect thereto.