Common use of Effect if Distribution Does Not Occur Clause in Contracts

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are, under this Agreement, to be taken or occur effective as of the Close of the Distribution Date, Immediately after the Distribution Date, or otherwise in connection with the Distribution or the Transition Date or the Transfer Date, shall not be taken or occur except to the extent specifically agreed by ElderCare and Parent.

Appears in 4 contracts

Sources: Employee Benefits Agreement (Genesis Healthcare Corp), Employee Benefits Agreement (Genesis Healthcare Corp), Employee Benefits Agreement (Genesis Healthcare Corp)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are, are to be taken under this Agreement, to be taken or occur effective as of the Close of the Distribution Date, Immediately after the Distribution Date, or otherwise in connection with the Distribution or the Transition Date or the Transfer DateDistribution, shall will not be taken or occur occur, except to the extent specifically agreed provided by ElderCare and Parent.

Appears in 4 contracts

Sources: Employee Matters Agreement (Cognyte Software Ltd.), Employee Matters Agreement (Cognyte Software Ltd.), Employee Matters Agreement (Maxeon Solar Technologies, Ltd.)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are, are to be taken under this Agreement, to be taken or occur effective as of the Close of the Distribution Date, Immediately after the Distribution Date, or otherwise in connection with the Distribution or the Transition Date or the Transfer DateDistribution, shall not be taken or occur occur, except to the extent specifically agreed provided by ElderCare Parent, and Parentany actions already taken shall be revoked and unwound.

Appears in 3 contracts

Sources: Employee Matters Agreement (Zimmer Biomet Holdings, Inc.), Employee Matters Agreement (ZimVie Inc.), Employee Matters Agreement (ZimVie Inc.)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are, are to be taken under this Agreement, to be taken or occur effective as of the Close of the Distribution Date, Immediately after the Distribution Date, or otherwise in connection with the Distribution or the Transition Date or the Transfer DateDistribution, shall not be taken or occur occur, except to the extent specifically agreed provided by ElderCare and ParentBaxter.

Appears in 3 contracts

Sources: Employee Matters Agreement (Baxter International Inc), Employee Matters Agreement (Baxalta Inc), Employee Matters Agreement (Baxalta Inc)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are, are to be taken under this Agreement, to be taken or occur effective as of the Close of the Distribution Date, Immediately after the Distribution Date, or otherwise in connection with the Distribution or the Transition Date or the Transfer DateDistribution, shall not be taken or occur occur, except to the extent specifically agreed provided by ElderCare and ParentManitowoc ParentCo.

Appears in 3 contracts

Sources: Employee Matters Agreement (Manitowoc Foodservice, Inc.), Employee Matters Agreement (Manitowoc Co Inc), Employee Matters Agreement (Manitowoc Foodservice, Inc.)

Effect if Distribution Does Not Occur. If the Distribution does not occur, then all actions and events that are, are to be taken under this Agreement, to be taken or occur effective as of the Close of the Distribution Date, Immediately after the Distribution Date, or otherwise in connection with the Distribution or the Transition Date or the Transfer DateDistribution, shall not be taken or occur occur, except to the extent specifically agreed provided by ElderCare and ParentEmergent.

Appears in 2 contracts

Sources: Employee Matters Agreement (Aptevo Therapeutics Inc.), Employee Matters Agreement (Aptevo Therapeutics Inc.)