Examples of Xxxxxxx Electronics Group in a sentence
All cash and cash equivalents held by a member of the Xxxxxxx Electronics Group as of the Effective Time will be a Xxxxxxx Electronics Asset and all cash and cash equivalents held by any member of the Xxxxxxx International Group as of the Effective Time will be a Xxxxxxx International Asset.
Commencing as of the Effective Time, Xxxxxxx Electronics shall be responsible for establishing and maintaining a separate insurance program with commercially reasonable limits, deductibles, self-retentions for activities and claims involving any member of the Xxxxxxx Electronics Group.
Nothing in the Exhibits or Schedules constitutes an admission of any liability or obligation of any member of the Xxxxxxx International Group or the Xxxxxxx Electronics Group or any of their respective Affiliates to any third party, nor, with respect to any third party, an admission against the interests of any member of the Xxxxxxx International Group or the Xxxxxxx Electronics Group or any of their respective Affiliates.
Immediately prior to the Distribution, Xxxxxxx International will contribute to Xxxxxxx Electronics an amount of cash and cash equivalents so that, as of the Distribution, the members of the Xxxxxxx Electronics Group will have, in the aggregate, an amount of cash and cash equivalents equal to at least sixty-three million ($63 million).
Each member of the Xxxxxxx Electronics Group, as appropriate, shall be responsible for all administrative and financial matters relating to the Policies established and maintained by the members of the Xxxxxxx Electronics Group for claims relating to any period at or after the Effective Time involving any member of the Xxxxxxx Electronics Group.
Xxxxxxx International will transfer and assign (or cause another member of the Xxxxxxx International Group to transfer and assign) to a member of the Xxxxxxx Electronics Group all rights to seek contribution or damages from any applicable third party (such as a third party who aggravates an injury to a worker who makes a workers’ compensation claim) with respect to any workers’ compensation claim for which Xxxxxxx Electronics is responsible pursuant to this Article X.
Xxxxxxx Electronics will continue to apply the same leave of absence policies applicable to inactive Xxxxxxx Electronics Group Employees who are on an approved leave of absence as of the Effective Time.
Furthermore, unless expressly provided for in this Agreement or the Distribution Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distribution of benefits or entitlements to any compensation or under any Benefit Plan on the part of any Xxxxxxx International Group Employee, Former Xxxxxxx International Group Employee, Xxxxxxx Electronics Group Employee or Former Xxxxxxx Electronics Group Employee.
AUM increased $6.9 billion between September 30, 2003 and September 30, 2004.
Xxxxxxx International shall have sole responsibility for the administration of the Xxxxxxx International SERP and the payment of benefits thereunder to or on behalf of Xxxxxxx International Group Employees, Former Xxxxxxx International Group Employees, and Former Xxxxxxx Electronics Group Employees, and no member of the Xxxxxxx Electronics Group shall have any liability or responsibility therefor.