Spinco Employee Liabilities means the liabilities assumed by SpinCo pursuant to Section 10.1 hereof. “SpinCo FSA” has the meaning ascribed to it in Section 6.2(c)(i).
Spinco Employee Liabilities shall have the meaning set forth in the Employee Matters Agreement.
Spinco Employee Liabilities shall have the meaning set forth in Section 10.1.
Examples of Spinco Employee Liabilities in a sentence
As of the Spinco Distribution Date, RMT Partner shall, or shall cause one of its Subsidiaries to, take any actions necessary to expressly assume any individual agreements (or obligations thereunder) with Spinco Employees that are Spinco Employee Liabilities to the extent necessary pursuant to their terms.
Spinco or the applicable Spinco Group shall be entitled to all Tax deductions or the benefit of Tax deductions with respect to all Spinco Employee Liabilities.
Spinco shall, or shall cause a member of the Spinco Group to, Assume all of the Spinco Employee Liabilities.
More Definitions of Spinco Employee Liabilities
Spinco Employee Liabilities has the meaning given in Section 3.2(a).
Spinco Employee Liabilities mean (a) all Employee Liabilities with respect to any Spinco Employee, any other individual service provider who as of immediately prior to the Spinco Distribution is providing services to a member of the Spinco Group or otherwise primarily in respect of the Spinco Business, or any Former Spinco Business Employee (other than the Remainco Employee Liabilities set forth in clause (b) of the definition thereof), and (b) all other Liabilities Assumed by Spinco or a member of the Spinco Group under this Agreement, in either case of (a) or (b), regardless of (i) when or where such Liabilities arose; (ii) whether the facts upon which they are based occurred prior to, on, or subsequent to the Spinco Distribution Date; (iii) where or against whom such Liabilities are asserted or determined and whether Remainco or Spinco or a member of the Remainco or Spinco Group is responsible for delivering any compensation or benefit attributable to such Liability; and (iv) which entity is named in any Action associated with any Liability.
Spinco Employee Liabilities means any and all Liabilities, whenever incurred (for the avoidance of doubt, whether incurred prior to, at or following the Separation Time), arising out of, related to, resulting from, or with respect to: (a) the employment or termination of employment of any Spinco Employee (excluding any Non-Transferred Spinco Employee), with the exception of any liabilities arising from any action or omission of WDC involving non-compliance with employment-related laws occurring solely prior to the Spinco Transfer Date, but including liability related to the rights of the transferring employee based on seniority and related terms, (b) the employment or termination of employment of any Non-Transferred WDC Employee, with the exception of any liabilities arising from any action or omission of WDC involving non-compliance with employment-related laws occurring solely prior to the Spinco Transfer Date, (c) the engagement or service or termination of engagement or service of any Spinco Independent Contractor, with the exception of any liabilities arising from any action or omission of WDC involving non-compliance with employment-related laws occurring solely prior to the Spinco Transfer Date, but including liability related to the rights of the transferring employee based on seniority and related terms, (d) any applicant’s application for employment or engagement with any member of the Spinco Group or with respect to the Flash Business, and (e) any other Liabilities assumed by Spinco or any member of the Spinco Group pursuant to this Agreement.