GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIESSection 2.1 Sample Clauses

GENERAL PRINCIPLES FOR ALLOCATION OF LIABILITIESSection 2.1. General Principles. It is the intention of Kimball International and Kimball Electronics that all employment-related Liabilities associated with Kimball Electronics Group Employees and Former Kimball Electronics Group Employees, whether prior to, on or after the Effective Time, are to be assumed by Kimball Electronics, except as otherwise specifically set forth in this Agreement. Each member of the Kimball International Group and each member of the Kimball Electronics Group shall take any and all reasonable action as shall be necessary or appropriate so that active participation in the Kimball International Benefit Plans by all Kimball Electronics Group Employees and Former Kimball Electronics Group Employees shall terminate in connection with the Distribution as and when provided under this Agreement (or if not specifically provided under this Agreement, as of the Effective Time).(a)Except as otherwise provided in this Agreement, effective as of the Effective Time, one or more members of the Kimball Electronics Group (as determined by Kimball Electronics) shall assume, or continue the sponsorship of, and no member of the Kimball International Group shall have any further Liability with respect to, or under, and Kimball Electronics shall indemnify each member of the Kimball International Group, and the officers, directors, and employees of each member of the Kimball International Group, and hold them harmless with respect to any and all:(i)individual agreements entered into between any member of the Kimball International Group and any Kimball Electronics Group Employee or Former Kimball Electronics Group Employee;(ii)agreements entered into between any member of the Kimball International Group and any individual who is an independent contractor, or leasing organization, providing services primarily for the business activities of the Kimball Electronics Group;(iii)Collective Bargaining Agreements, collective agreements, trade union or works council agreements entered into between any member of the Kimball International Group and any union, works council or other body representing only Kimball Electronics Group Employees;(iv)wages, salaries, incentive compensation (as the same may be modified by this Agreement), commissions, bonuses, and any other employee compensation or benefits payable to or on behalf of any Kimball Electronics Group Employees or Former Kimball Electronics Group Employees after the Effective Time, without regard to when such wages, salari...