TWC Group definition
Examples of TWC Group in a sentence
For example, the TWC Redemption Agreement provides that these employees will receive past service credit on account of their employment with a member of the TWC Group for purposes of the employee benefits to be provided by a member of the Comcast Group to such employees following the closing of the TWC Redemption.
For example, the TWE Redemption Agreement provides that these employees will receive past service credit on account of their employment with a member of the TWC Group for purposes of the employee benefits to be provided by a member of the Comcast Group to such employees following the closing of the TWE Redemption.
Following the closing of the TWC Redemption, employees of the TWC Group who, immediately prior to the closing of the TWC Redemption, are employed by a member of the TWC Group in connection with the TWC Redemption Systems will become employees of a member of the Comcast Group.
All such policies are in full force and effect, all premiums due thereon have been paid by the TWC Group, and the TWC Group is otherwise in compliance in all material respects with the terms and provisions of such policies (after giving effect to applicable grace or cure periods).
On April 20, 2005, TWC and certain other members of the TWC Group and Comcast and certain other members of the Comcast Group entered into the TWE Redemption Agreement, pursuant to which, among other things, Comcast’s interests in TWE will be redeemed (the “TWE Redemption,” and, together with the TWC Redemption, the “Redemption Transactions”).
The Sale Transaction Closing is not conditioned on the closing of the TWC/Comcast Transactions, the Failsafe Transaction or the Alternate Failsafe Transaction, and the TWC Group and the Comcast Group may amend the terms of the TWC/Comcast Agreements, the Failsafe Agreement and the Alternate Failsafe Agreement in their discretion at any time (subject to the restrictions set forth in the TW Purchase Agreement on transactions with or for the benefit of any member of the Time Warner Group).
For a description of such covenants, see Section VI.B.1, titled “Purchase Agreements.” In the Exchange Agreement, subject to certain exceptions, each of the TWC Group and the Comcast Group agreed not to solicit or hire employees who become employed by the other party as part of the Exchanges for one year following the closing of the Exchanges.
The TWC Group and the Comcast Group have also entered into the Failsafe Agreement and the Alternate Failsafe Agreement.
Comcast shall reimburse Time Warner Cable for the reasonable costs and expenses incurred by the TWC Group pursuant to this Section 6.22(b), including reasonable out-of-pocket costs and expenses.
Except as set forth on Schedule 5.12(b), none of the TWC Group Members is a party to any material labor or employment dispute involving any of its employees who render services in connection with the TWC Native System.