Examples of Lumentum Group in a sentence
Such recognition of seniority shall include any seniority that JDSU or any of its Subsidiaries recognized from any previous employer(s) with respect to each Lumentum Group Employee.
Lumentum Group Employees covered by the JDSU Variable Compensation Plans shall continue to be eligible to participate in such plans until immediately prior to the Distribution Date.
Unless prohibited by applicable Law, following the Effective Time (a) the Lumentum Group shall be solely responsible for all income, payroll and other tax remittance and reporting related to income recognized by holders of Holdings Equity Awards in respect of their Holdings Equity Awards; and (b) Viavi shall be solely responsible for all income, payroll and other tax remittance and reporting related to income recognized by holders of Viavi Equity Awards in respect of their Viavi Equity Awards.
However, any such payments associated with those JDSU Group Employees engaged in the Lumentum Business or otherwise anticipated by the parties to transfer to the Lumentum Group in connection with the Distribution shall be treated as a Corporate Contingent Liability as defined in the CONTRIBUTION AGREEMENT and shall be subject to the treatment of Corporate Contingent Liabilities as set out in the CONTRIBUTION AGREEMENT.
Lumentum shall, and shall cause the applicable member of the Lumentum Group to, recognize each Lumentum Group Employee’s service with JDSU or any of its Subsidiaries or predecessor entities before the Transfer Date for all purposes including with respect to those Lumentum Benefit Plans adopted or maintained by the Lumentum Group on or as of the Distribution Date, unless as otherwise set forth in this Agreement.
The Lumentum Welfare Plans and 401(k) Plan shall, and Lumentum shall recognize each Lumentum Group Employee’s service with JDSU at or before the Transfer Date, with respect to such Lumentum Plans adopted or maintained by Lumentum on or as of the Distribution Date or as otherwise required by applicable Law, to the same extent that such service was recognized by JDSU for similar purposes prior to the Distribution Date.
On and after the Transfer Date, no Lumentum Group Employees shall participate in or accrue any benefits under the JDSU Non-U.S.
The parties acknowledge and agree that the continuation or transfer of the employment of Employees as contemplated by this section shall not entitle any JDSU Group Employees or Lumentum Group Employees to separation payments, benefits or rights of any kind unless otherwise required by applicable Law.
No Lumentum Group Employee or Viavi Group Employee shall receive any of the service credit provided above if such credit would result in acceleration or duplication of benefits.
The rights of each member of the JDSU Group, each member of the Lumentum Group, and each member of the Viavi Group to amend, waive, or terminate any Benefit Plan, arrangement, agreement, program, or policy referred to herein shall not be limited in any way by this Agreement.