Business Separation definition
Examples of Business Separation in a sentence
All Unclaimed Property including unidentified Unclaimed Property that either (i) relates to the Tyco Retained Business for transactions that occurred prior to the ADTSS Separation Date or (ii) is otherwise not specifically identifiable with the ADT NA Business as of the ADTSS Business Separation Date, shall be retained by Tyco after the ADTSS Business Separation Date and the administration, remittance and any escheatment of such Unclaimed Property shall be the responsibility of Tyco.
It is recognized and understood that high levels of cooperation and assistance will be required between members of the REI Group and the Resources Group in connection with Regulatory Proceedings necessary to implement the Separation and the Business Separation Plan approved by the PUCT and all matters relating to the Genco Option.
It is recognized and understood that high levels of cooperation and assistance will be required between members of the CenterPoint Group and the Genco Group in connection with Regulatory Proceedings necessary to implement the Genco Distribution and the Business Separation Plan approved by the PUCT and all matters relating to the Genco Option.
The methodology for determining the demarcation between Genco Assets and transmission and distribution assets is set forth in Section D of the Business Separation Plan.
Upon verification of the Resolutive Condition, this Agreement may be terminated by any of the Parties, in which case the acts undertaken for purposes of Business Separation shall be reversed as if such acts have not been undertaken, and the Parties shall return to the respective status quo ante.
The Parties agree to maintain the confidentiality and not disclose to the public the terms and conditions set forth in this Agreement and other confidential information provided by one Party to the other in the context of the Business Separation, within five (5) years as from the Effective Spin-off Date, without the previous consent of the other Party, except for the conditions set forth in Clause 7.2.1 below.
The terms of all contractual relations to be entered into between Asset Co and Trading Co (and/or any of their respective subsidiaries) on or prior to the Restructuring Effective Date, and the detailed terms of the Business Separation, will be agreed between the Company and the Ad Hoc Group and included in the Scheme Evidence that is filed with the Court prior to the Scheme Directions Hearing in accordance with the Restructuring Steps.
Each of the Business Separation Agreement and the Employee Matters Agreement shall be in full force and effect and, unless otherwise consented to by the Existing Member or the Company in writing in accordance with the terms thereof, without any amendment or modification thereto or material waiver thereof.
On or after the completion of the Business Separation, ServiceMaster or the ServiceMaster Welfare Plans shall remain responsible for all Liabilities in respect of or relating to TruGreen Employees relating to claims or expenses incurred under the ServiceMaster Welfare Plans on or prior to the completion of the Business Separation.
From time to time after the completion of the Business Separation, TruGreen and Controlled shall promptly reimburse ServiceMaster and Holdings for the cost of any obligations or Liabilities that ServiceMaster and Holdings elect to, or are compelled to, pay or otherwise satisfy, that are or that pursuant to this Agreement have become, the responsibility of the TG Group.