Examples of NextLevel Systems Distribution in a sentence
This Agreement shall be automatically terminated without action by either party if the Distribution Agreement is terminated and the NextLevel Systems Distribution is abandoned.
The parties hereto agree that, from after the NextLevel Systems Distribution Date, nothing herein shall constitute, be construed to be, or create a partnership, joint venture or similar relationship between them, and that any actions performed by or on behalf of another party hereunder shall be as an agent for such other party.
The number of shares with respect to which the Spin-off Options shall be granted shall be the number of shares of NextLevel Systems Common Stock and CommScope Common Stock that the holder of the Current Options would have received in the NextLevel Systems Distribution if he were a holder on the NextLevel Systems Distribution Date of that number of shares of GI Common Stock covered by the Current Option.
Undertakings, which are the addressees of a statement of objections, are there‑ fore in no way required specifically to make requests for acknowledgement of miti‑ gating circumstances.
The initial compensation (base salary or wage level) of each Active Employee of each Group shall be the same as the compensation (base salary or wage level) of such Active Employee immediately prior to the NextLevel Systems Distribution Date.
Training (New employee orientation, Advanced training for QI team, Ongoing staff training); f.
Each of the parties hereto shall cause to be performed, and hereby guarantee the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary of such party which is contemplated to be a Subsidiary of such party on and after the NextLevel Systems Distribution Date.
As of the NextLevel Systems Distribution Date, NextLevel Systems and CommScope shall assume the liability for the accounts of their respective Active Employees and Former Employees in the Deferred Compensation Plan.
As of the NextLevel Systems Distribution Date, NextLevel Systems shall assume all liabilities under the SERP in respect of the Active Employees and Former Employees of the NextLevel Group.
Nothing in this Agreement shall give any Active Employee of any Group any right to continued employment by any member of that Group or any other Group beyond the NextLevel Systems Distribution Date, which is in addition to or supplemental to any such right he or she may have arising under contract or otherwise.