Common use of Cutover Clause in Contracts

Cutover. “Cut-Over” means the Buyer’s transition to split or new IT systems, processes, services or technology as of Separation to effect the Separation of the GroceryCo and SnackCo Businesses. Supplier will provide post-Separation technical services to Buyer (“Cut-Over Services”) necessary to achieve Cut-Over with the goal that all systems, processes and transactional activity in all locations for both GroceryCo and SnackCo, will have been restarted and are functioning post-Separation, including without limitation all manufacturing, warehousing, transportation, procurement, payables, receivables, financial reporting, and customer service [ * * * ]. It is expected the Cut-Over will be complete within 4 days of the Project Statement Effective Date (the “Cut-Over Period”).

Cutover. “Cut-Over” means the Buyer’s transition to split or new IT systems, processes, services or technology as of Separation to effect the Separation of the GroceryCo and SnackCo Businesses. Supplier will provide post-Separation technical services to Buyer (“Cut-Over Services”) necessary to achieve Cut-Over with the goal that all systems, processes and transactional activity in all locations for both GroceryCo and SnackCo, will have been restarted and are functioning post-Separation, including without limitation all manufacturing, warehousing, transportation, procurement, payables, receivables, financial reporting, and customer service ([ * * * ]). It is expected the Cut-Over will be complete within 4 days of the Project Statement Effective Date (the “Cut-Over Period”).