Termination of Participating Company Status. Tronox and each Tronox Entity shall cease to be a Participating Company in the Xxxx-XxXxx Employee Benefit Plans at the Close of the Distribution Date, except to the extent the parties agree to continue Tronox or any Tronox Entity as a Participating Company in a Xxxx-XxXxx Employee Benefit Plan after that date. Notwithstanding the foregoing, in the event of a Change in Control, Tronox and each Tronox Entity shall cease to be a Participating Company in the Xxxx-XxXxx Stock Plans as of the date as of which the adjustments called for by Article 7 have been made.
Appears in 4 contracts
Samples: Employee Benefits Agreement, Employee Benefits Agreement (Tronox Inc), Employee Benefits Agreement (Tronox Inc)
