Common use of Automobile Program Clause in Contracts

Automobile Program. As of the Close of the Distribution Date, Spinco shall assume all of NSI's Liabilities and obligations with respect to the motor vehicles leased by NSI for Transferred Individuals pursuant to lease agreements under any NSI Executive automobile program.

Appears in 4 contracts

Sources: Employee Benefits Agreement (National Service Industries Inc), Employee Benefits Agreement (Acuity Brands Inc), Employee Benefits Agreement (L&c Spinco Inc)