Retention Date definition
Examples of Retention Date in a sentence
After the Retention Date, each of Parent and SpinCo may dispose of such Tax Records upon sixty (60) Business Days’ prior written notice to the other Party.
After the Retention Date, each Separation Party may dispose of such Tax Records upon ninety (90) Business Days’ prior written notice to the other Separation Party.
If Employee remains employed by the Company through the following Retention Date, then Employee shall be entitled to receive the Retention Payment Amount set forth below: July 31, 2026 $125,000 January 31, 2028 $125,000 January 31, 2029 $125,000 The Retention Payment will be paid by the Company to Employee, less all applicable payroll deductions and tax withholding, within thirty days after the applicable Retention Date.
If, prior to the Retention Date, (a) Parent or SpinCo reasonably determines that any Tax Records which it would otherwise be required to preserve and keep under this Article VIII are no longer material in the administration of any matter under the Code or other applicable Tax Law and the other Party agrees, then such first Party may dispose of such Tax Records upon sixty (60) Business Days’ prior notice to the other Party.
If, prior to the Retention Date, (a) a Separation Party reasonably determines that any Tax Records which it would otherwise be required to preserve and keep under this Section 8 are no longer material in the administration of any matter under the Code or other applicable Tax Law as relates to the other Separation Party and such other Separation Party agrees, then such first Separation Party may dispose of such Tax Records upon ninety (90) Business Days’ prior notice to the other Separation Party.