Concentrix definition
Examples of Concentrix in a sentence
To the extent not inconsistent with this EMA or any applicable privacy protection Laws or regulations, the foregoing rights and obligations of this Section 6.1 shall be in addition to any similar or related rights and obligations that may be provided or applicable to members of the SYNNEX Group or members of the Concentrix Group, as applicable, under the Separation and Distribution Agreement or Tax Matters Agreement, if and as applicable.
Concentrix and SYNNEX acknowledge that time is of the essence in relation to any request for information, assistance or cooperation made by SYNNEX or Concentrix pursuant to Section 8.01 or this Section 8.02.
Furthermore, unless expressly provided for in this EMA, no provision in this EMA shall be construed to create any right to accelerate vesting, distributions or entitlements under any Benefit Plan sponsored or maintained by SYNNEX or Concentrix on the part of any Employee or Former Employee.
Nothing in this EMA shall create any obligation on the part of SYNNEX or Concentrix to (a) continue the employment of any Employee or permit the return from a leave of absence for any period after the date of this EMA (except as required by applicable law) or (b) change the employment status of any Employee from “at will,” to the extent that such Employee is an “at will” employee under applicable law.
Unless prohibited by applicable Law, following the Effective Time, (i) SYNNEX shall be solely responsible for all Liabilities, including all income, payroll and other tax remittance and reporting, and entitled to all tax deductions, associated with SYNNEX Awards, and (ii) Concentrix shall be solely responsible for all Liabilities, including all income, payroll and other tax remittance and reporting, and entitled to all tax deductions associated with, Concentrix Awards.
The party that is entitled to claim the Tax deductions described in Section 6.02(a) with respect to shares issued under the SYNNEX Equity Plan or Concentrix Equity Plan shall be responsible for all applicable Taxes (including, but not limited to, withholding and excise taxes) and shall satisfy, or shall cause to be satisfied, all applicable Tax reporting obligations with respect thereto.
Subject to and in compliance with any limitation imposed by applicable Law and to the extent that it has not done so before the Effective Time, Concentrix shall transfer to SYNNEX any and all employment records (including any Form I-9, Form W-2 or other IRS and relevant Tax forms applicable in any non-U.S. jurisdiction) with respect to SYNNEX Employees and Former SYNNEX Employees and other records reasonably required by SYNNEX to enable SYNNEX properly to carry out its obligations under this EMA.
If within ten (10) days after submission of the Dispute to the Chief Executive Officer of SYNNEX and the Chief Executive Officer of Concentrix, the Parties have been unable for any reason to resolve the Dispute, either Party may submit the Dispute to mediation in accordance with Section 7.2. All negotiations pursuant to this Section 7.1 shall be confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.
SYNNEX shall prepare and circulate a LHO covering documents in the possession, custody or control of the SYNNEX Group with respect to any Action so notified to Concentrix.
Concentrix acknowledges and agrees that SYNNEX’s willingness to cause, effect and consummate the Separation and the Distribution has been conditioned upon and induced by Concentrix’s covenants and agreements in this Agreement and the Ancillary Agreements, including Concentrix’s assumption of the Concentrix Liabilities pursuant to the Separation and the provisions of this Agreement and Concentrix’s covenants and agreements contained in Article IV.