Definition of Post Spin-Off


Post Spin-Off means the spin-off of the Post Business on or about February 3, 2012 and the transactions under the Post Spin-Off Documents related thereto.
Sample 1

Examples of Post Spin-Off in a sentence

During the Post Spin-Off Period, you will not be entitled to any compensation or benefits from the Company (other than benefits described in Sections 4(b) and (d) of the Employment Agreement).
Retained Shares means any shares of common stock of Post received by the Borrower or Holdco in connection with the Post Spin-Off.
In furtherance thereof, it is the Parties' understanding that in the event of a termination under such circumstances, the Executive shall only be entitled to receive benefits payable under one or the other of the foregoing agreements (but not both) determined on a benefit by benefit basis by the Executive and that the term "Other Benefits" as defined in the Post Spin-Off Executive Retention Agreement shall not include benefits payable under this Employment Agreement.
Post Obligations means indemnification obligations of the Borrower and/or its Subsidiaries in favor of Post and/or its subsidiaries under the Post Spin-Off Documents.
During the Post Spin-Off Period, you will continue to perform the same functions as you performed as the General Counsel of the Company prior to Termination Date, but you will not be entitled to any compensation or benefits from the Company (other than as contemplated by clause (b) of Paragraph 2 above and for the items set forth in Sections V and X of the Agreement).