Net Economic Benefit Agreement definition

Net Economic Benefit Agreement means the Net Economic Benefit Agreement with respect to the operation of the Deferred SpinCo Local Businesses that have been or are being entered into by and between Parent and SpinCo or their respective Subsidiaries in connection with the Separation, the Distribution or the other transactions contemplated by this Agreement.
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Net Economic Benefit Agreement means that certain letter agreement regarding the Net Economic Benefit Arrangement, dated as of the Effective Date, between Seller Parent and Purchaser.
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Net Economic Benefit Agreement means the Net Economic Benefit Agreement, substantially in the form attached hereto as Exhibit G, to be entered into between Seller and Purchaser with respect to the operation of one or more Deferred Local Businesses following the Closing.
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Examples of Net Economic Benefit Agreement in a sentence

  • The display and input devices themselves may be relatively heavy, clumsy and obtrusive - and sensing devices require that the subject stay within a limited area.


More Definitions of Net Economic Benefit Agreement

Net Economic Benefit Agreement has the meaning set forth in Section 6.18(a).
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Net Economic Benefit Agreement means that certain letter agreement regarding the Net Economic Benefit Arrangement, dated as of the Effective Date, between Seller Parent and Purchaser. “Non-Breaching Party” has the meaning set forth in Section 7.2(b). “Omitted Service” has the meaning set forth in Section 2.3(c). “Out-of-Pocket Costs” has the meaning set forth in Section 3.1(b). “Party” has the meaning set forth in the preamble to this Agreement. “Proceeding” has the meaning set forth in Section 9.9(b). “Proposed Change” has the meaning set forth in Section 8.1(d). “Purchase Agreement” has the meaning set forth in the recitals to this Agreement. “Purchaser” has the meaning set forth in the preamble to this Agreement. “Purchaser Indemnified Party” has the meaning set forth in Section 5.1(b). “Purchaser SteerCo Lead” has the meaning set forth in Section 8.1(b). “Representative” has the meaning set forth in Section 6.1(a). “Required Technology” has the meaning set forth in Section 2.12(b). “Reverse Transition Services Agreement” means that certain Reverse Transitional Services Agreement, dated as of the Effective Date, between the Parties. “Seller Parent” has the meaning set forth in the preamble to this Agreement. “Seller Parent Indemnified Party” has the meaning set forth in Section 5.1(a). "Seller Parent Managed Control or Process" has the meaning set forth in Section 2.13. “Seller Parent SteerCo Lead” has the meaning set forth in Section 8.1(b). “Service Exit Costs” means costs and expenses incurred by or on behalf of Seller Parent and its Affiliates in connection with planning and executing migration of Services to Purchaser or a third party service provider, including data extraction, final data migration and decommissioning or removal of any changes made to facilitate the provision of Services hereunder, but excluding costs and expenses that would have been incurred by Seller Parent or its Affiliates after the Closing irrespective of whether this Agreement or the Purchase Agreement is entered into by the Parties. “Service Fee” has the meaning set forth in Section 3.1(a). 3 “Service Functional Lead” has the meaning set forth in Section 2.6. “Service Noncompliance” has the meaning set forth in Section 2.2(a)(i). “Service Period” has the meaning set forth in Section 7.1. “Services” has the meaning set forth in Section 2.1. “Set-Up Costs” means costs and expenses incurred by or on behalf of Seller Parent and its Affiliates after the Effective Date in connection with preparation activitie...
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Related to Net Economic Benefit Agreement

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • OP Unit Economic Balance has the meaning set forth in Section 6.03(c) hereof.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Common Unit Economic Balance means (i) the Capital Account balance of the General Partner, plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to the General Partner’s ownership of Partnership Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation is made under Section 6.2.D hereof, divided by (ii) the number of the General Partner’s Partnership Common Units.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Health benefits plan means a benefits plan which pays or

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (i) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (ii) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Payroll Tax Executive Order means the Presidential Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, as issued on August 8, 2020 and including any administrative or other guidance published with respect thereto by any Governmental Authority (including IRS Notice 2020-65).

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Pharmacy benefits management means the administration or management of prescription drug