Common use of Restructuring Costs Clause in Contracts

Restructuring Costs. (a) In the event this Agreement is terminated, the Parent Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to employees of TMC and employees of WD or any of its Subsidiaries working at the Y6 Facility, (A) in the case of those that are employees of TMC or any of its Subsidiaries, TMC will use its best efforts to retrain or relocate such individuals to other TMC facilities, and (B) in the case of those that are employees of WD or any of its Subsidiaries, WD will use its best efforts to retrain or relocate such individuals to other WD facilities, each to the maximum extent possible. (b) The Parties agree that in the event of such a WD exit from the Y6 Facility, [***] (c) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by TMC. [***]

Restructuring Costs. (a) In the event this Agreement is terminated, the Parent Parties will exercise best efforts to plan such termination in advance with the goal of minimizing related costs. With respect to employees of TMC and employees of WD or any of its Subsidiaries working at the Y6 Facility, (A) in the case of those that are employees of TMC or any of its Subsidiaries, TMC will use its best efforts to retrain or relocate such individuals to other TMC facilities, and (B) in the case of those that are employees of WD or any of its Subsidiaries, WD will use its best efforts to retrain or relocate such individuals to other WD facilities, each to the maximum extent possible. (b) The Parties agree that in the event of such a WD exit from the Y6 Facility, [***]* (c) Upon any termination of this Agreement, the Parties shall meet and discuss in good faith an estimate of the Restructuring Costs anticipated to be incurred by TMC. [***]* **** Indicates that certain information contained herein has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.