Examples of Non-U.S. Transferred Employees in a sentence
The Parties will comply with the specific mechanism for transfer of applicable pension liabilities and assets of Non-U.S. Transferred Employees as specifically set out in the relevant Transfer Agreement (the form and substance of which shall be reasonably acceptable to each of the Parties).
Bonus and incentive compensation earned by Non-U.S. Transferred Employees after the Closing Date shall be pursuant to plans adopted by Buyer or one of its Affiliates in accordance with the otherwise applicable provisions of this Article 5.
Such Non-U.S. Transferred Employees are referred to hereinafter as the “DC Employees”.
Affiliates of Sellers have entered into retention agreements with certain Non-U.S. Transferred Employees.
Reimbursement of Non-U.S. Transferred Employees for expenses associated with such claims shall be determined in accordance with the terms of the applicable plans in effect at the time such claims are made.
In such circumstances, the Abbott Options of the affected Non-U.S. Transferred Employees shall terminate in accordance with the terms of the Abbott Stock Programs and the underlying option agreement and Hospira shall equitably compensate the affected Non-U.S. Transferred Employees in an alternate manner determined by Hospira in its sole discretion.
Amounts earned by Non-U.S. Transferred Employees as of the Closing Date under the Mallinckrodt Sales Incentive Compensation Plan shall be determined by the Seller and paid by the Seller or one of its Affiliates on or before the Closing Date, except to the extent not administratively practicable to be paid on or before the Closing Date by Seller or one of its Affiliates, in which case such amounts shall be accrued in the Closing Net Working Capital and paid by the Buyers following the Closing Date.
Notwithstanding the provisions of Section 7.1(a) of this Agreement, Abbott and Hospira may mutually agree, in their sole discretion, not to cancel an Abbott Option and grant a corresponding Hospira Option in non-U.S. jurisdictions where those actions will create or trigger adverse legal, accounting or tax consequences for either Abbott, Hospira, and/or the affected Non-U.S. Transferred Employees.
Prior to the Closing Date, Mallinckrodt UK or its Affiliates shall make all contributions on behalf of Non-U.S. Transferred Employees with respect to all periods prior to the Closing Date and shall, effective as of the Closing Date, cease all contributions in respect of each Non-U.S. Transferred Employee in all Benefits Plan (if permitted under applicable Law) in which such individual is then participating.
The assets and Liabilities determined as of the Distribution Date under the Xxxxxx Ireland Pension & Death Benefit Plan for Salaried Staff, Xxxxxx Ireland Pension & Death Benefit Plan for Executive Staff, and Xxxxxx Ireland Pension & Death Benefit Plan for Hourly Employees attributable to Non-U.S. Transferred Employees who are participants in those plans shall be transferred to defined benefit pension plans to be established by Hospira.