SDS Group definition
Examples of SDS Group in a sentence
The Parties agree that attorneys who have worked for any member of the SDS Group or any member of the Availability Group prior to the Distribution Date are not conflicted from representing any members of the SDS Group or the Availability Group, except to the extent such representation is adverse to a member of the other Group.
Notwithstanding anything in this Agreement to the contrary, SDS and each member of the SDS Group shall be responsible for one hundred percent (100%) of any Taxes and other liabilities or damages that are attributable to, or result from, in whole or in part, any act or failure to act described in Section 6.2 of this Agreement by SDS or any member of the SDS Group.
Availability LLC shall cause each member of the Availability Group without further consideration, to pay and remit, or cause to be paid or remitted, to SDS or to another member of the SDS Group specified by SDS promptly all money, rights and other consideration received by it or any member of the Availability Group in respect of such performance.
In connection with the AS Separation Transaction, certain telecommunications agreements will be separated into two separate agreements covering each of the Availability Group and the SDS Group on a separate basis.
Subject to the provisions of this Agreement, (i) the SDS Group shall retain all of their respective rights, benefits and privileges, if any, under the SDS Policies and (ii) coverage of the Availability Group under the SDS Policies shall cease as of the Distribution Date.
SDS and each member of the SDS Group shall jointly and severally indemnify Sybron, each member of the Sybron Group and their directors, officers, and employees and hold them harmless from and against any such Taxes and other liabilities or damages.
Without limiting the generality of the foregoing, except as provided in this Agreement, neither the Distribution nor the termination of the Participating Employer status of SDS or any member of the SDS Group under the Sybron Benefit Plans shall cause any employee to be deemed to have incurred a termination of employment.
Effective as of the Effective Date, all QDROs pertaining to accrued benefits of Dental Business Employees under the SDS Kerr XXX Union Retirement Plan shall be the sole responsibility of the SDS Group.
SDS shall assist, and SDS shall cause each other applicable member of the SDS Group to assist, Sybron in complying with all reporting and disclosure requirements of ERISA and the Code, including the preparation of Form Series 5500 annual reports for the Sybron Benefit Plans, where applicable.
Effective as of the dates established pursuant to Section 4.1 (a) and Section 4.1(b), all QDROs pertaining to accounts of Dental Business Employees under the Sybron Salaried and Hourly Savings and Thrift Plans shall be transferred to the SDS Savings and Thrift and Union Savings and Thrift Plans pursuant to Section 4.2(a) and Section 4.2(b), and shall be the sole responsibility of the SDS Group.