Examples of Veoneer Group in a sentence
As of the Effective Time, Veoneer Group Employees shall be ineligible to accrue benefits under the Autoliv U.S.
Veoneer will cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement to be performed by any member of the Veoneer Group.
Effective as of or prior to the Effective Time, Veoneer shall assume and honor, or shall cause a member of the Veoneer Group to assume and honor, all Individual Agreements.
The provisions of Sections 6.3, 6.4 and 6.5 shall, to the maximum extent permitted by applicable Law, be the sole and exclusive remedies of the Autoliv Group and the Veoneer Group, as applicable, for any Liability, whether arising from statute, principle of common or civil law, principles of strict liability, tort, contract or otherwise under this Agreement.
As of the Effective Time, Veoneer shall, and shall cause the Veoneer Non-Qualified Retirement Plan to, assume all Liabilities under the Autoliv Non-Qualified Retirement Plan of Veoneer Group Employees that relate to deferrals following the Effective Time, determined as of the Effective Time, and the Autoliv Group and the Autoliv Non-Qualified Retirement Plan shall be relieved of all such Liabilities.
Effective as of no later than the Effective Time, the Veoneer Group shall assume all Liabilities of the Autoliv Group with respect to vacation, holiday, annual leave, or other leave of absence, and required payments related thereto, for each Veoneer Group Employee who is a U.S.
As soon as administratively feasible, Autoliv shall cause the trustee of the Autoliv U.S. Savings Plan to transfer from the Autoliv U.S. Savings Plan Trust to the Veoneer U.S. Savings Plan Trust the account balances of the Veoneer Group Employees under the Autoliv U.S. Savings Plan, determined as of the date of the transfer.
Except as otherwise provided in Section 3.01(c), effective as of the Effective Time, the Veoneer Group shall assume any and all Liabilities to, or relating to, Veoneer Group Employees and Former Veoneer Group Employees in respect of severance and unemployment compensation, regardless of whether the event giving rise to the Liability occurred before, at, or after the Effective Time.
With respect to Adjusted Autoliv Awards held by Veoneer Group Employees and Adjusted Veoneer Awards held by Autoliv Group Employees, employment or continued service as a director with the Veoneer Group and the Autoliv Group, respectively, shall be treated as employment or continued service as a director with Autoliv and Veoneer, respectively.
Nothing in this Agreement shall be construed or interpreted to restrict the right or authority of any member of the Autoliv Group or the Veoneer Group, as applicable, to amend or terminate any Autoliv Benefit Plan or Veoneer Benefit Plan, or any plan that is newly adopted or implemented in accordance with the terms hereof after the Distribution Date, as applicable, effective as of a date on and after the Distribution Date, to the extent permitted by applicable Law.