TG Group definition
Examples of TG Group in a sentence
The SVM Group and the TG Group acknowledge and agree that the Parties shall cooperate with each other and with third-party providers to effectuate withholding and remittance of taxes, as well as required tax reporting, in a timely, efficient, and appropriate manner.
As of the applicable Transfer Date, the applicable member of the TG Group shall credit each Transition Employee with the amount of accrued but unused vacation time, paid time off and other time off benefits as such Transition Employee had with the SVM Group immediately prior to such Transfer Date under the vacation policies then in effect.
On or prior to the completion of the Business Separation, ServiceMaster and TruGreen shall take or cause to be taken all actions necessary to cause the ServiceMaster Employees to be employed by the SVM Group as of the completion of the Business Separation and the TruGreen Employees to be employed by the TG Group as of the completion of the Business Separation.
The Parties hereby acknowledge and agree that, except for offers of employment by TruGreen or a member of the TG Group as provided in Article IX of this Agreement, the Non-Solicitation provision agreed to by the Parties in the Separation and Distribution Agreement shall apply in respect of the Transition Employees.
For the avoidance of doubt, the Parties acknowledge that, for purposes of the ServiceMaster DCP, each Transition Employee who commences employment with the TG Group shall experience a termination of employment as of the Transfer Date.
The SVM Group will be responsible for (i) all income, payroll, or other tax reporting related to income of TruGreen Employees from ServiceMaster Awards, and (ii) remitting applicable tax withholdings for such income to each applicable taxing authority; it being understood that in taking such actions the SVM Group shall be acting as the agent for the TG Group.
As of the completion of the Business Separation, ServiceMaster assigns its rights under We Listen to TruGreen, and TruGreen assumes the obligations of ServiceMaster under We Listen as to all TruGreen Employees and applicants for employment with TruGreen, as well as for all Transition Employees for claims arising after their employment by the TG Group or its subsidiaries.
Subject to applicable Law and taking into consideration the terms and conditions of any guaranty, financing or security document entered into by the SVM Group or the TG Group, the Parties agree to cooperate in good faith and consider administering ServiceMaster Awards and TruGreen Awards consistently upon termination of employment of a TruGreen Employee or a ServiceMaster Employee.
From time to time after the completion of the Business Separation, TruGreen and Controlled shall promptly reimburse ServiceMaster and Holdings for the cost of any obligations or Liabilities that ServiceMaster and Holdings elect to, or are compelled to, pay or otherwise satisfy, that are or that pursuant to this Agreement have become, the responsibility of the TG Group.
Except as provided in this Agreement, the TG Group shall be responsible for the Liabilities arising in connection with the employment by the SVM Group or the TG Group of the TruGreen Employees before, on and after the completion of the Business Separation and, as of the completion of the TG Operating Entities Contribution, TruGreen and Controlled shall assume and agree to pay, perform, fulfill and discharge, in accordance with their respective terms all such Liabilities.