Business Plans. The members of the SpinCo Group shall retain all Liabilities (and Assets, where applicable) with respect to the Business Plans (and no member of the Parent Group that is not in the SpinCo Group shall have any obligations with respect thereto). Without limiting the generality of the foregoing, a SpinCo Group member shall be designated by SpinCo as plan sponsor of each Business Plan from and after the Split Date.
Appears in 2 contracts
Samples: Employee Matters Agreement (Phinia Inc.), Employee Matters Agreement (Phinia Inc.)
Business Plans. (a) The members of the SpinCo Group shall retain all Liabilities (and Assets, where applicable) with respect to the Business Plans Plans, including any withdrawal liability (and no member of the Parent Group that is not in the SpinCo Group shall have any obligations with respect thereto). Without limiting the generality of the foregoing, a SpinCo Group member shall be designated by SpinCo as plan sponsor of each Business Plan from and after the Split Date.
Appears in 2 contracts
Samples: Employee Matters Agreement (GE Vernova Inc.), Employee Matters Agreement (GE Vernova LLC)
Business Plans. The members of the SpinCo Group shall retain all Liabilities (and Assets, where applicable) with respect to the Business Plans (and no member of the Parent Group that is not in the SpinCo Group shall have any obligations with respect thereto). Without limiting the generality of the foregoing, a SpinCo Group member Member shall be designated by SpinCo as plan sponsor of each Business Plan from and after the Split Date or Plan Split Date, as applicable.
Appears in 2 contracts
Samples: Employee Matters Agreement (GE HealthCare Technologies Inc.), Employee Matters Agreement (GE Healthcare Holding LLC)
