Baxter Group definition

Baxter Group means Baxter and its Subsidiaries (excluding, after the Distribution, any member of the Baxalta Group).
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Baxter Group. Baxter and any holding company or subsidiary of Baxter or a subsidiary of a holding company of Baxter from time to time
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Baxter Group means Baxter and (a) any corporation which is a member of the same controlled group of corporations (within the meaning of Section 414(b) of the Code) as Baxter, (b) a trade or business (whether or not incorporated) under common control (within the meaning of Section 414(c) of the Code) with Baxter, (c) any organization (whether or not incorporated) which is a member of an affiliated service group (within the meaning of Section 414(m) of the Code) which includes Baxter, a corporation described in clause (a) of this definition or a trade or business described in clause (b) of this definition, or (d) any other entity which is required to be aggregated with Baxter pursuant to regulations promulgated under Section 414(o) of the Code.
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Examples of Baxter Group in a sentence

  • Notwithstanding the foregoing, to the extent a Non-U.S. Baxter Benefit Plan is not required to be funded by applicable Law or is not voluntarily funded, there shall be no transfer of Assets by the Non-U.S. Baxter Benefit Plan or by the Baxter Group in respect thereof.

  • The Baxter Group may also terminate the employment of any Baxalta Employee if retaining such Employee would constitute a violation of applicable Laws or the Baxter Code of Conduct.

  • Unless expressly provided otherwise in this Agreement, nothing herein shall be construed as a limitation on the right of the Baxter Group or the Baxalta Group to (a) amend, modify or terminate any Benefit Plan or (b) terminate the employment of any Employee.

  • The bonuses attributable to such separate performance period earned by Transferred Employees shall be paid by Baxalta at substantially the same time such bonuses are paid to Baxter Retained Employees, and to the extent that payment is conditioned upon continued employment, employment by the Baxalta Group shall be treated as employment by the Baxter Group.

  • Baxalta will be responsible for, and will indemnify the Baxter Group from and against, any Liabilities incurred or payments made (including any severance payments made) in connection with the termination of a Baxalta Employee or any other Employee of the Baxter Group pursuant to this Section 2.02(a)(ii) to the extent of any payment occurring on or after the Distribution Date.

  • The Parties acknowledge that the Baxter Group, on the one hand, and the Baxalta Group, on the other hand, may incur costs and expenses (including, without limitation, contributions to Benefit Plans and the payment of insurance premiums) which are, as set forth in this Agreement, the responsibility of the other Party.

  • To the extent a Non-U.S. Baxter Benefit Plan is not required to be funded by applicable Law or is not voluntarily funded, there shall be no transfer of assets by the Non-U.S. Baxter Benefit Plan or by the Baxter Group.

  • The Baxter Group shall be responsible for all Liabilities relating to, arising out of, or resulting from any United States workers’ compensation claims incurred prior to May 1, 2015 unless expressly specified otherwise in the immediately preceding sentence or as required by applicable Law.

  • Effective as of the Distribution Date, the Baxter Group shall be entitled to all Employee Recoupment Assets in respect of Baxter Retained Employees and Former Employees, and effective as of the applicable Transfer Date, the Baxalta Group shall be entitled to all Employee Recoupment Assets in respect of Baxalta Employees.

  • Upon written request by Baxter or the Baxter Group, Baxalta or the Baxalta Group shall make available to Baxter or the Baxter Group the original copy of any written Employee Agreement (and a summary of the terms of any unwritten Employee Agreement) that was assigned to Baxalta or the Baxalta Group under this Agreement.