Distribution Date definition
Examples of Distribution Date in a sentence
The Distribution Date shall be the 25th day of the month in which the related Record Date occurs.
After the Distribution Date, each Party and its Affiliates shall use its commercially reasonable efforts to enable the other Party or its Affiliates to provide the Services and access the Facilities as soon as possible after the Distribution Date.
All Intellectual Property belonging to a Party immediately following the Distribution Date (whether developed by that Party or acquired by it from a third party) or developed or acquired by it independently from the performance of its obligations under this Agreement after the Distribution Date shall remain vested in that Party.
From and after the Distribution Date until the date that is twelve (12) months from the Distribution Date, none of Parent, SpinCo or any other member of their respective Groups will, without the prior written consent of the other applicable Party, either directly or indirectly, on their own behalf or in the service or on behalf of others, solicit, aid, induce or encourage any employee or consultant of any other Party’s respective Group to leave his or her employment.
From and after the Distribution Date until the date that is six (6) months from the Distribution Date, none of Parent, SpinCo or any other member of their respective Groups will, without the prior written consent of the other applicable Party, either directly or indirectly, on their own behalf or in the service or on behalf of others, agree to an employment, contractual or other relationship or otherwise hire, retain or employ any employee or consultant of the other Party’s respective Group.