SDS Group definition
Examples of SDS Group in a sentence
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.
No provision of this Agreement or the Contribution Agreement or any ancillary agreement shall be deemed to release any individual for any violation of the Sybron or SDS agreement or policy pertaining to confidential or proprietary information of any member of the Sybron Group or SDS Group, as the case may be, or otherwise relieve any individual of his or her obligations under such agreement or policy.
Nothing in this Agreement or the Contribution Agreement or any other agreement between the parties should be construed to change the at-will status of any of the employees of the Sybron Group or the SDS Group.
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.
The Parties agree to the allocation of certain minimum purchase requirements between the Availability Group and SDS Group as set forth in Schedule 9.06.
SDS and each member of the SDS Group represent that, as of the date hereof, all information contained in the Ruling Request and the Ruling (and any Supplemental Ruling Request submitted, and any Supplemental Ruling issued, prior to the date hereof) that concerns or relates to such party or any affiliate of such party is true, correct and complete in all material respects.
As of such dates, the SDS Group shall be solely responsible for implementing its own payroll system and making payroll deductions for repayment of such loans.
On the terms and subject to the conditions set forth in this Agreement and pursuant to the Implementation Agreements, prior to the Contribution, SDS shall, and shall cause the applicable Availability Subsidiaries to, transfer to SDS or a member of the SDS Group and, SDS shall, or shall cause the appropriate member of the SDS Group to, assume, perform, discharge and fulfill, in accordance with their respective terms, all the SDS Liabilities.
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.
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.