Common use of Compensation Programs Clause in Contracts

Compensation Programs. To the extent (i) Aerospace’s 2027 proxy statement or Form 10-K for the fiscal year ended December 31 of the calendar year in which the Distribution occurs discusses compensation programs of Automation, it shall substantially conform such discussion to Automation’s proxy statement and/or Form 10-K for the applicable period; and (ii) Automation’s 2027 proxy statement or Form 10-K for the fiscal year ended December 31 of the calendar year in which the Distribution occurs discusses compensation programs of Aerospace, it shall substantially conform such discussion to Aerospace’s proxy statement and/or Form 10-K for the applicable period. Nothing in this Section 5.1 shall require any Party to violate any Contract with any Third Party regarding the confidentiality of confidential and proprietary Information relating to that Third Party or its business; provided, however, that in the event that a Party is required under this Section 5.1 to disclose any such Information, such Party shall use commercially reasonable efforts to seek to obtain such Third Party’s written consent to the disclosure of such Information.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (Honeywell Aerospace Inc.), Separation and Distribution Agreement (Honeywell Aerospace Inc.)

Compensation Programs. To to the extent (i) AerospaceElectronicsCo’s 2027 2026 proxy statement or Form 10-K for the fiscal year ended December 31 of the calendar year in which the Distribution occurs discusses compensation programs of AutomationRemainCo, it shall substantially conform such discussion to AutomationRemainCo’s proxy statement and/or Form 10-K for the applicable period; and (ii) AutomationRemainCo’s 2027 2026 proxy statement or Form 10-K for the fiscal year ended December 31 of the calendar year in which the Distribution occurs discusses compensation programs of AerospaceElectronicsCo, it shall substantially conform such discussion to AerospaceElectronicsCo’s proxy statement and/or Form 10-K for the applicable period. Nothing in this Section 5.1 shall require any Party to violate any Contract agreement with any Third Party third party regarding the confidentiality of confidential and proprietary Information relating to that Third Party third party or its business; provided, however, that in the event that a Party is required under this Section 5.1 to disclose any such Information, such Party shall use commercially reasonable efforts to seek to obtain such Third Partythird party’s written consent to the disclosure of such Information.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (DuPont De Nemours, Inc.), Separation and Distribution Agreement (Qnity Electronics, Inc.)

Compensation Programs. To to the extent (i) AerospaceSpinCo’s 2027 2026 proxy statement or Form 10-K for the fiscal year ended December 31 of the calendar year in which the Distribution occurs discusses compensation programs of AutomationRemainCo, it shall substantially conform such discussion to AutomationRemainCo’s proxy statement and/or Form 10-K for the applicable period; and (ii) AutomationRemainCo’s 2027 2026 proxy statement or Form 10-K for the fiscal year ended December 31 of the calendar year in which the Distribution occurs discusses compensation programs of AerospaceSpinCo, it shall substantially conform such discussion to AerospaceSpinCo’s proxy statement and/or Form 10-K for the applicable period. Nothing in this Section 5.1 shall require any Party to violate any Contract with any Third Party third party regarding the confidentiality of confidential and proprietary Information relating to that Third Party third party or its business; provided, however, that in the event that a Party is required under this Section 5.1 to disclose any such Information, such Party shall use commercially reasonable efforts to seek to obtain such Third Partythird party’s written consent to the disclosure of such Information.

Appears in 2 contracts

Sources: Separation and Distribution Agreement (Solstice Advanced Materials Inc.), Separation and Distribution Agreement (Solstice Advanced Materials, LLC)

Compensation Programs. To to the extent (i) AerospaceSpinCo’s 2027 proxy statement or Form 10-K for the fiscal year ended December 31 of ending in the calendar year in which the Distribution occurs discusses compensation programs of AutomationRemainCo, it shall substantially conform such discussion to AutomationRemainCo’s proxy statement and/or Form 10-K for the applicable period; and (ii) AutomationRemainCo’s 2027 proxy statement or Form 10-K for the fiscal year ended December 31 of ending in the calendar year in which the Distribution occurs discusses compensation programs of AerospaceSpinCo, it shall substantially conform such discussion to AerospaceSpinCo’s proxy statement and/or Form 10-K for the applicable period. Nothing in this Section 5.1 shall require any Party to violate any Contract with any Third Party third party regarding the confidentiality of confidential and proprietary Information relating to that Third Party third party or its business; provided, however, that in the event that a Party is required under this Section 5.1 to disclose any such Information, such Party shall use commercially reasonable efforts to seek to obtain such Third Partythird party’s written consent to the disclosure of such Information.

Appears in 1 contract

Sources: Separation and Distribution Agreement (FedEx Freight Holding Company, Inc.)