Examples of Xxxxxxx International Group in a sentence
Nothing in the Exhibits or Schedules constitutes an admission of any liability or obligation of any member of the Xxxxxxx International Group or the Xxxxxxx Electronics Group or any of their respective Affiliates to any third party, nor, with respect to any third party, an admission against the interests of any member of the Xxxxxxx International Group or the Xxxxxxx Electronics Group or any of their respective Affiliates.
All cash and cash equivalents held by a member of the Xxxxxxx Electronics Group as of the Effective Time will be a Xxxxxxx Electronics Asset and all cash and cash equivalents held by any member of the Xxxxxxx International Group as of the Effective Time will be a Xxxxxxx International Asset.
Nothing contained herein shall be construed to be an attempted assignment of or a change to any part of the ownership of the Company Policies or shall be construed to waive any right or remedy of any member of the Xxxxxxx International Group in respect thereof.
Subject to any limitations imposed by applicable Law, Xxxxxxx International and Xxxxxxx Electronics (acting directly or through members of the Xxxxxxx International Group or the Xxxxxxx Electronics Group, respectively) shall provide to the other and their respective agents and vendors all information necessary for the Parties to perform their respective duties under this Agreement.
The Parties acknowledge that the Xxxxxxx International Group or the Xxxxxxx Electronics Group may provide administrative services for certain of the other Party’s benefit programs for a transitional period under the terms of the Transition Services Agreement.
For the avoidance of doubt, Xxxxxxx Electronics Welfare Plan Participants shall not participate in any Xxxxxxx International Welfare Plan after the time set forth in the immediately preceding sentence, and Xxxxxxx International Group Employees and Former Xxxxxxx International Group Employees shall not participate in the Xxxxxxx Electronics Welfare Plan at any time.
Xxxxxxx Electronics shall have sole responsibility for the administration of the Xxxxxxx Electronics SERP and the payment of benefits thereunder to or on behalf of Xxxxxxx Electronics Group Employees, and no member of the Xxxxxxx International Group shall have any liability or responsibility therefor.
After the Effective Time, (i) Xxxxxxx International shall be responsible for providing any necessary WARN notice (and meeting any similar state Law notice requirements) with respect to any termination of employment of any Xxxxxxx International Group Employee and (ii) Xxxxxxx Electronics shall be responsible for providing any necessary WARN notice (and meeting any similar state Law notice requirements) with respect to any termination of employment of any Xxxxxxx Electronics Group Employee.
Xxxxxxx Electronics shall also be permitted to retain copies of all restrictive covenant agreements with any Xxxxxxx International Group Employee or Former Xxxxxxx International Group Employee in which any member of the Xxxxxxx Electronics Group has a valid business interest.
Furthermore, unless expressly provided for in this Agreement or the Distribution Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distribution of benefits or entitlements to any compensation or under any Benefit Plan on the part of any Xxxxxxx International Group Employee, Former Xxxxxxx International Group Employee, Xxxxxxx Electronics Group Employee or Former Xxxxxxx Electronics Group Employee.