Examples of PEC Group in a sentence
All matters relating to or arising out of any employee benefit, compensation or welfare arrangement in respect of any present and former employee of the PEC Group or the Patriot Group shall be governed by the Employee Matters Agreement substantially in the form of Exhibit B hereto, except as may be expressly stated herein.
All matters relating to the provision of support and other services by the PEC Group to the Patriot Group after the Effective Time covered by the Transition Services Agreement, other than as provided in Section 13.07, shall be governed exclusively by the Transition Services Agreements substantially in the form of Exhibit G hereto, except as may be expressly stated herein.
All matters relating to real property to be owned, leased, subleased, occupied, or shared by the PEC Group or the Patriot Group after the Effective Time shall be governed by the Real Property Agreements substantially in the form of Exhibit C hereto.
Following the Distribution, PEC will maintain directors’ and officers’ liability and fiduciary liability insurance coverage for a period of six (6) years from the Distribution Date for the directors and officers of Patriot who were directors or officers of PEC or members of the PEC Group as of the Distribution Date for acts as directors and officers of members of the PEC Group during periods prior to the Distribution Date.
From and after the Effective Time, no current or former employee of any member of the PEC Group shall have any authority to access or control any Patriot Account other than those who will be Patriot employees.
Nothing contained in this Agreement, express or implied, is intended to confer any benefits, rights or remedies upon any Person other than members of the PEC Group and the Patriot Group and the PEC Indemnitees and Patriot Indemnitees under Article VI hereof.
Patriot (or its affiliate) shall credit each individual who becomes a Patriot Employee as of the Distribution Date and each Subsequent Patriot Employee with the amount of accrued but unused vacation time (including banked vacation time) and other time-off benefits as such Patriot Employee or Subsequent Patriot Employee had with the PEC Group as of the Distribution Date or, if later, his or her date of transfer from the PEC Group to the Patriot Group.
Members of the PEC Group may use PCC Confidential Information in connection with a Permitted Purpose, provided that for purposes of this Agreement, PCC Confidential Information shall not be used by the Service Provider for any purpose other than a Permitted Purpose or in any way that is detrimental to the Service Recipient.
Notwithstanding the foregoing, Patriot (or its affiliate) shall not be required to credit any Patriot Employee or Subsequent Patriot Employee with any vacation or time-off accrual to the extent that a benefit attributable to such accrual is retained and provided by the PEC Group.
The PEC Group agrees to notify the Patriot human resources department, unless otherwise prohibited by law, of benefit distribution elections submitted by Patriot Employees under the PEC SERA or a PEC Group qualified or non-qualified defined benefit retirement plan within sixty (60) days after the PEC Group receives such elections.