Veoneer Group definition
Examples of Veoneer Group in a sentence
Veoneer shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth in this Agreement or in any Ancillary Agreement to be performed by any member of the Veoneer Group.
The deferral elections in effect for the Veoneer Group Employees under the Autoliv Non-Qualified Retirement Plan as of the Effective Time shall continue to apply under the Veoneer Non-Qualified Retirement Plan immediately after the Effective Time without interruption through December 31, 2018.
References to Autoliv Group Employees, Former Autoliv Group Employees, Veoneer Group Employees, Former Veoneer Group Employees, and non-employee directors of either Autoliv or Veoneer (including Transferred Directors), shall, where the context clearly contemplates, be deemed to refer to their beneficiaries, dependents, survivors, and alternate payees, as applicable.
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.
From and after the Effective Time (or, if earlier, the date on which the Veoneer U.S. Retiree Medical Plan is established), Veoneer Group Employees and Former Veoneer Group Employees shall cease to participate in the Autoliv Retiree Welfare Plan.
Nothing in this Agreement shall be deemed in any way or for any purpose to make any Party an agent of an unaffiliated Party (which shall for the avoidance doubt include a member of the Veoneer Group, on the one hand, and a member of the Autoliv Group, on the other hand, following the Distribution Date) in the conduct of such other Party’s business.
The Veoneer Group shall be responsible for all Liabilities relating to Incurred Claims under any Veoneer U.S. Welfare Plan and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims.
Except to the extent required by applicable Law, any Autoliv Group Employee or Veoneer Group Employee shall not, solely as a result of the Distribution or related transactions, be eligible to receive payment of, or exercise any portability rights in respect of, such Employee’s vested benefit or retirement allowance under any Benefit Plan.
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.
The Parties agree that any applicable data privacy Laws and any other obligations of the Autoliv Group or Veoneer Group to maintain the confidentiality of any employee information or information held by any Benefit Plan in accordance with applicable Law shall govern the disclosure of employee information among the Parties under this Agreement.