Examples of Biogen Group in a sentence
All cash and cash equivalents held by any member of the Bioverativ Group as of the Distribution shall be a Bioverativ Asset and all cash and cash equivalents held by any member of the Biogen Group as of the Distribution shall be a Biogen Retained Asset.
Nothing in this Article IX will be construed to limit or otherwise alter in any way the indemnity obligations of the Parties, including (i) with respect to the Bioverativ Group, Bioverativ Liabilities, (ii) with respect to the Biogen Group, Biogen Retained Liabilities and (iii) those created by this Agreement, by operation of law or otherwise.
Upon the Distribution Effective Time, any cash retention arrangements in place with a Bioverativ Employee (together with the rights and obligations thereunder) shall be assigned to Bioverativ by the applicable Biogen Group member.
Biogen or a Biogen Group member shall retain the responsibility for administering compliance with the health care continuation requirements of COBRA for any COBRA qualified beneficiaries who incur a COBRA qualifying event or loss of coverage under the Biogen Health and Welfare Plans at any time before the Distribution Effective Time.
As of the Distribution Effective Time, Bioverativ shall assume the obligation, if any, to pay each Bioverativ Employee who is participating in a Biogen 2016 annual cash incentive bonus program, including a sales incentive compensation plan, of Biogen or a Biogen Group member such Bioverativ Employee’s incentive or sales bonus under such plan, based upon the amount accrued by Biogen in respect of such obligations.
Biogen and Bioverativ intend that employment-related Liabilities associated with Biogen Participants are to be retained or assumed by Biogen or a Biogen Group member, and employment-related Liabilities associated with Bioverativ Participants are to be assumed by Bioverativ or a Bioverativ Group member, in each case, except as specifically set forth herein.
Thereafter, the term of registration shall expire each two-year period on June 30 unless revoked or suspended prior thereto.
Biogen, each Biogen Group member, Bioverativ and each Bioverativ Group member shall cooperate with respect to processing of claims, any notification to appropriate governmental agencies of the disposition and the issuance of new, or the transfer of existing, workers’ compensation insurance policies and claims handling contracts.
No provision of this Agreement or the Separation Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any future, present, or former employee of Biogen, a Biogen Group member, Bioverativ, or a Bioverativ Group member under this Agreement, the Separation Agreement, any Biogen Plan or Bioverativ Plan or otherwise.
The transfer of employment from Biogen or a Biogen Group member to Bioverativ or a Bioverativ Group member prior to or as of the Distribution Effective Time shall not be treated as a “status change” with respect to any Bioverativ Employee under the Biogen Health and Welfare Plans or the Bioverativ Health and Welfare Plans.