Examples of Xxxxxxx Controls Group in a sentence
That presumption may only be rebutted where the record affirmatively shows the contrary.
Effective as of the Effective Time, except as otherwise specifically provided herein, the Xxxxxxx Controls Group shall retain all Liabilities relating to Incurred Claims under the Xxxxxxx Controls U.S. Welfare Plans, and shall also retain Assets (including, without limitation, Medicare reimbursements, pharmaceutical rebates, and similar items) associated with such Incurred Claims.
The Parties acknowledge that the Xxxxxxx Controls Group or the Adient Group may provide administrative services for certain of the other Party’s compensation and benefit programs for a transitional period under the terms of the Transition Services Agreement.
Nothing in this Agreement shall create any obligation on the part of any member of the Xxxxxxx Controls Group or any member of the Adient Group to (i) continue the employment of any Employee or permit the return of any Employee from a leave of absence for any period after the date of this Agreement (except as required by applicable Law) or (ii) change the employment status of any Employee from “at-will,” to the extent that such Employee is an “at-will” employee under applicable Law.
The rights of each member of the Xxxxxxx Controls Group and each member of the Adient Group to amend, waive, or terminate any plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement.
Each Xxxxxxx Controls Long-Term Incentive Award that is outstanding immediately prior to the Effective Time and that is held by a Xxxxxxx Controls Group Employee or a Former Xxxxxxx Controls Group Employee shall be retained by Xxxxxxx Controls, and each such award shall be subject to the same terms and conditions after the Effective Time as were applicable to such Xxxxxxx Controls Long-Term Incentive Award prior to the Effective Time.
Subject to any limitations imposed by applicable Law, Xxxxxxx Controls and Adient (acting directly or through members of the Xxxxxxx Controls Group or the Adient Group, respectively) shall provide to the other Party and their respective authorized agents and vendors all information necessary for the Parties to perform their respective duties under this Agreement.
Effective as of the Effective Time, Adient shall assume all Liabilities with respect to any matching contributions and retirement income contributions to be made to the AE Savings Plan in respect of the 2016 calendar year, and the Xxxxxxx Controls Group shall be relieved of all such Liabilities.
Soft components such as long-term strategic planning and maintenance and operation activities contributed to improving resilience and achieving adaptation to climate change.
As of the Effective Time, Adient shall, and shall cause the Adient Executive Deferred Compensation Plan to, assume all Liabilities under the Xxxxxxx Controls Executive Deferred Compensation Plan of Adient Group Employees that relate to deferrals following the closing of the Merger, determined as of the Effective Time, and the Xxxxxxx Controls Group and the Xxxxxxx Controls Executive Deferred Compensation Plan shall be relieved of all such Liabilities.