Right and Entitlements Sample Clauses
The 'Right and Entitlements' clause defines the specific legal rights and benefits that a party is granted under the agreement. It typically outlines what actions a party is permitted to take, what resources or payments they are entitled to receive, or what protections they enjoy as part of the contractual relationship. For example, this clause may specify a party’s right to access certain information, receive compensation, or exercise particular options. Its core function is to clearly delineate the scope of each party’s entitlements, thereby preventing misunderstandings and disputes over what each party is allowed or owed under the contract.
Right and Entitlements. Subject to the express terms and conditions of this Agreement, each of the WhiteWave Mirror Plans shall be, with respect to WhiteWave Employees who are participants in such Plan, the successors in interest to and shall recognize rights and entitlements under the corresponding ▇▇▇▇ Foods Plans in effect as of the Close of the Distribution Date in which such WhiteWave Employees participated prior to the Distribution Date (or Transfer Date, as the case may be). The Parties agree that WhiteWave Employees are not entitled to receive duplicative benefits for the same periods of service from the ▇▇▇▇ Foods Plans and the WhiteWave Plans. Notwithstanding anything in this Section 5.2(a) to the contrary (but subject to the provisions of Section 5.2(b)), if in the reasonable determination of ▇▇▇▇ Foods requiring any WhiteWave Mirror Plan to replicate each right or entitlement under the corresponding ▇▇▇▇ Foods Plan (i) would result in an unreasonable administrative burden on, or in an unreasonable expense for, the WhiteWave Group, or (ii) conflict with any provision of applicable law, the applicable WhiteWave Mirror Plan may provide the eligible WhiteWave Employees with rights and entitlements that are substantially comparable in the aggregate to those previously in effect under the corresponding ▇▇▇▇ Foods Plan.
Right and Entitlements. Subject to the express terms and conditions of this Agreement and the Transition Services Agreement, each of the TruGreen Mirror Plans shall be, with respect to TruGreen Employees who are participants in such Plan, the successors in interest to and shall recognize rights and entitlements under the corresponding ServiceMaster Plans in effect as of the completion of the Business Separation in which such TruGreen Employees participated prior to the completion of the Business Separation. The Parties agree that TruGreen Employees are not entitled to receive duplicative benefits for the same periods of service from the ServiceMaster Plans and the TruGreen Plans. Notwithstanding anything in this Section 3.2(a) to the contrary (but subject to the provisions of Section 3.2(b)), if in the reasonable determination of ServiceMaster requiring any TruGreen Mirror Plan to replicate each right or entitlement under the corresponding ServiceMaster Plan (i) would result in an unreasonable administrative burden on, or in an unreasonable expense for, TruGreen and its Subsidiaries, or (ii) conflict with any provision of applicable law, the applicable TruGreen Mirror Plan may provide the eligible TruGreen Employees with rights and entitlements that are substantially comparable in the aggregate to those previously in effect under the corresponding ServiceMaster Plan.
Right and Entitlements. Except as otherwise agreed to by the Parties in accordance with Section 2.2 and the Transition Services Agreement, each R&DCo Employee shall terminate participation in the Ikaria Plans on the Distribution Date (or Transfer Date, as the case may be). Subject to the express terms and conditions of this Agreement, each of the Replacement Plans shall be, with respect to R&DCo Employees who are participants in such Plans, the successors in interest to and shall recognize rights and entitlements under the corresponding Ikaria Plans in effect as of the Distribution Date in which such R&DCo Employees participated prior to the Distribution Date (or Transfer Date, as the case may be). The Parties agree that R&DCo Employees are not entitled to receive duplicative benefits for the same periods of service from the Ikaria Plans and the R&DCo Plans.
Right and Entitlements. Each Transferred Employee shall terminate participation in the Legacy Plans at the end of the last day of the calendar month in which the Distribution Date occurs. Subject to the express terms and conditions of this Agreement, each of the Replacement Plans shall be, with respect to Transferred Employees who are participants in such Plans, the successors in interest to and shall recognize rights and entitlements under the corresponding Legacy Plans in effect as of the Deemed Separation Date in which such Transferred Employees participated prior to the Deemed Separation Date. The Parties agree that Transferred Employees are not entitled to receive duplicative benefits for the same periods of service from the Legacy Plans and the Viamet Plans. Notwithstanding anything herein to the contrary (but subject to the provisions of Section 5.2(b)), if in the reasonable determination of Viamet (i) requiring any Replacement Plan to replicate each right or entitlement under the corresponding Legacy Plan would (A) result in an unreasonable administrative burden on, or in an unreasonable expense for, the Viamet Group, or (B) conflict with any provision of applicable Law, Viamet may adopt Replacement Plans that provide the eligible Transferred Employees with rights and entitlements that are substantially comparable in the aggregate to those previously in effect under the corresponding Legacy Plan or (ii) assigning the flexible benefit Legacy Plan would be administratively or economically more favorable, as reasonably determined by Viamet, Innocrin shall assign, transfer and convey to VPS-1, and VPS-1 shall assume, the flexible benefit Legacy Plan (a “Flexible Benefit Plan Assignment”) and neither Innocrin nor SpinCo shall be obligated to retain such a Plan after such assignment.
Right and Entitlements. For the avoidance of doubt, the rights and entitlements of the Transferred Employees under the Legacy Plans shall continue in full force and effect and without modification following the Distribution and the Plan Transfer (unless otherwise required by the existing terms and conditions of the applicable Legacy Plan).
Right and Entitlements. For the avoidance of doubt, the rights and entitlements of the SpinCo Employees under the Legacy Plans shall continue in full force and effect and without modification following the Distribution (unless otherwise required by the existing terms and conditions of the applicable Legacy Plan).