Organon Group definition

Organon Group means Organon and all Affiliates of Organon, as determined immediately after the Distribution.
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Organon Group means Organon and its Affiliates.
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Organon Group means the group of Affiliates of Xxxx Xxxxx X.X. which are engaged in the ethical pharmaceutical business activities (known as the Organon business unit), but explicitly excluding those businesses primarily devoted to vaccines (known as Nobilon), animal health (known as Intervet) and active pharmaceutical ingredients and biotech (known as Diosynth). As of the date hereof, the Organon Group consists of Organon USA Inc., Organon International Inc., N.V. Organon, Organon Nederland B.V., Organon Europe B.V., Horus B.V. and Organon Holding B.V and each of their respective direct and indirect subsidiaries.
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Examples of Organon Group in a sentence

  • Organon shall cause the appropriate member of the Organon Group to assume all Liabilities arising under any collective bargaining agreement (including but not limited to any national, sector or local collective bargaining agreement), works council agreement, or other similar agreement with respect to any Transferred Employee.

  • To the extent necessary, Organon shall cause the appropriate member of the Organon Group to join any industrial, employer or similar association or federation if membership is required for the relevant collective bargaining, works council, or other similar agreement to continue to apply.

  • Except as otherwise provided by Code Section 409A, a Transferred Employee shall not be considered to have undergone a “separation from service” for purposes of Code Section 409A and the Merck DCP solely by reason of the Spin-Off, and, following his Transfer Date, the determination of whether a Transferred Employee has incurred a separation from service with respect to his or her benefit in the Merck DCP shall be based solely upon his or her performance of services for the Organon Group.

  • Except as provided in this Agreement, the Distribution and the transfer of any Employee’s employment to the Organon Group shall not cause a distribution from or payment of benefits under any Merck Benefit Plan.

  • From and after the later of (ii) the Distribution Date, and (ii) their applicable Transfer Date, no Employees of the Organon Group shall accrue any benefits under the Merck Savings Plan.

  • The Organon Group shall be responsible for all annual bonus payments or other forms of cash incentive compensation (including commissions) payable to Transferred Employees (including Post-Distribution Organon Employees) the performance period for which ends after the applicable Transferred Employee’s Transfer Date.

  • The Parties acknowledge that the Merck Group, on the one hand, and the Organon Group, on the other hand, may incur costs and expenses (including, without limitation, contributions to Benefit Plans and the payment of insurance premiums) which are, as set forth in this Agreement, the responsibility of the other Party.

  • The Parties intend for Organon Employees to transfer to the Organon Group and shall use their respective best efforts and cooperate with each other to effectuate this intent.

  • The Organon Group shall be entitled to all Employee Recoupment Assets in respect of Organon Employees, effective as of the applicable Transfer Date.

  • No Employees of the Organon Group shall accrue any additional benefits under the Merck Pension Plan following the later of (i) the Distribution Date, and (ii) their applicable Transfer Date.


More Definitions of Organon Group

Organon Group means the group of Affiliates of Axxx Xxxxx X.X., which constitute the Organon business unit of Axxx Xxxxx X.X. and are consolidated as such in Axxx Xxxxx X.X.’s financial statements.
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Organon Group shall have the meaning set forth in Section 18.13(i).
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Related to Organon Group

  • Affiliated Group means any affiliated group within the meaning of Code Section 1504(a) or any similar group defined under a similar provision of state, local or foreign law.

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • Group the Company and its subsidiaries

  • Business enterprise means any corporation, partnership, limited liability company, sole proprietorship, joint venture or other business association or entity (other than the Company) engaged in the business of publishing national and regional publications and development of technology that serves the needs of online and print publishers and their advertisers in the Market Area;