EPC Group definition
Examples of EPC Group in a sentence
The EPC Group is an international provider of advanced of Engineering, Procurement, Construction Management, Commissioning & Operation service, and (technical assistance, consulting) to the Refining, petrochemical, Gas and offshore industries.
SpinCo agrees to indemnify and hold harmless each member of the EPC Group and its directors, officers and employees from and against any fine, penalty, or other cost or expense of any kind attributable to a member of the SpinCo Group having supplied, pursuant to this Section 8, a member of the EPC Group with inaccurate or incomplete information in connection with a Tax liability.
Except as otherwise specifically assigned to the EPC Group in this Agreement, EHP shall retain Liability (including Liabilities for associated administrative functions) for all EHP Employees who have commenced a leave of any type prior to the Effective Time or on and after the Effective Time subject to the EHP Group’s applicable employment practices and policies, including any paid time-off plan or policy.
SpinCo shall be liable for, and shall indemnify and hold harmless the EPC Group from and against any liability for, Taxes which are allocated to SpinCo under this Section 2.
Furthermore, nothing in this Agreement is intended (i) to confer upon any employee or former employee of EPC, EHP or any member of the EPC Group or EHP Group any right to continued employment, or any recall or similar rights to an individual on layoff or any type of approved leave, or (ii) to be construed to relieve any insurance company of any responsibility for any employee benefit under any Benefit Plan or any other Liability.
EPC agrees to indemnify and hold harmless each member of the SpinCo Group and its directors, officers and employees from and against any fine, penalty, or other cost or expense of any kind attributable to a member of the EPC Group having supplied, pursuant to this Section 8, a member of the SpinCo Group with inaccurate or incomplete information in connection with a Tax liability.
Those employees assigned to the EPC Group and those employees assigned to the EHP Group will be employed by such applicable employers to which they have been assigned as of the Effective Time.
EPC will transfer and assign (or will cause another member of the EPC Group to transfer and assign) to EHP or another member of the EHP Group all rights to seek contribution or damages from any applicable third party (such as a third party who aggravates an injury to a worker who makes a WC Claim) with respect to any WC Claim for which any member of the EHP Group is responsible pursuant to this Article X.
EPC (acting directly or through a member of the EPC Group) shall, or shall cause the EPC Welfare Plans to assume responsibility for compliance with and all liabilities and other costs and expenses relating to the health care continuation coverage requirements of COBRA with respect to EPC Participants.
Subject to any limitations imposed by applicable Law, EPC and EHP (acting directly or through members of the EPC Group or EHP Group, respectively) shall provide to the other and their respective agents and vendors all Information relevant to the performance of the Parties under this Agreement, in accordance with applicable provisions of the Separation Agreement, including Article VII thereof.