Shared Employees. Each individual who is an officer, director or employee of any member of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Group and any member of the Discover Group shall resign, effective at or prior to the Distribution, from all positions such individual holds with all members of one or the other Group, such that following the Distribution such individual will not hold such positions in both Groups.
Appears in 5 contracts
Sources: Separation and Distribution Agreement, Separation and Distribution Agreement (Discover Financial Services), Separation and Distribution Agreement (Discover Financial Services)