Separation Costs means labor protection costs, in- cluding dismissal allowances, displacement allowances and the cost of administering, arbitrating and litigating such labor protection provisions, severance (including payments under severance agreements), personnel relocation expenses and all other dismissal expenses and stay bonuses, including any payment intended to reimburse for excess parachute excise tax imposed under Section 4999 of the Code with respect to such dismissal ex- penses or stay bonuses.
Separation Costs means costs incurred by Delphi as a direct consequence of the sale of the Sale Businesses for information technology separation costs and also unrecovered transition costs and unrecovered restructuring costs related to the sale of the Global Interiors & Closures Business, in an amount equal to $74 million and as more fully described on Exhibit 1.187 to this Agreement; provided, however, that Separation Costs shall be reduced by any amounts associated with line items on Exhibit 1.187 which the buyer specifically agrees to pay.
Separation Costs means the costs associated with the separation of the PLG Business as described in the Carveout Transaction Agreements, including the costs to obtain any third party consents in connection therewith, costs incurred in connection with the defeasement of those certain Series A and Series B 8.25% Senior Subordinated Notes due 2013 under the Indenture dated July 28, 2003 (the “Notes”), including the aggregate principal amount of and interest on the Notes, and costs incurred in connection with any litigation related to the Merger or the other transactions contemplated by the Merger Agreement that is brought against the Company and/or its board of directors (excluding, except for liabilities arising under Section 6.11 of the Merger Agreement, litigation arising from or relating to the Debt Financing (arising upon the closing of, or at any time after, the Debt Financing), including the grant or acquisition of any liens or secured claims pursuant to the Debt Financing, or any modification, extension, renewal or replacement thereof). For the avoidance of doubt, the liabilities excluded pursuant to the immediately preceding parenthetical will be borne and satisfied 100% by the Party that has entered into and consummated the applicable Debt Financing arrangement. For clarification, Separation Costs hereunder do not include severance costs and other employment termination-related liabilities incurred in connection with the termination of employment of employees of the PLG Business or PSS Business, it being agreed that the responsibility for, and allocation of, such costs and liabilities will be provided for in that certain transition services agreement to be entered into at the Closing.
Examples of Separation Costs in a sentence
Employee Separation Costs Severance and other employee separation costs to be paid after one year.
Inclusive of: Provision for termination UNECE/IRU Agreement, Provision for Installation and Separation Costs, operation Cash Reserve that are forwarded year-to-year.
Restructuring and Separation Costs relate to costs of $3 million associated with the separation of the Fletcher Challenge Group targeted share structure (June 2000) and the write off of $30 million upon the reorganisation of the Fletcher Challenge Employee Educational Fund (June 2000).
Employee Separation Costs 2015 Restructuring Plan2014 Restructuring PlanBalance as of December 31, 2014$ —$ 12Charges to income for the six months ended June 30, 201561— Charges to liability accounts: Payments 1 (8) (9)Net currency translation adjustment — —Balance as of June 30, 2015$53$31 Payments related to the 2015 restructuring plan were made in the second quarter of 2015.
Employee Separation Costs The Company recognises the employee separation cost when the scheme is announced and the Company is demonstrably committed to it.
More Definitions of Separation Costs
Separation Costs has the meaning set forth in Section 10.1.
Separation Costs means costs incurred pursuant to Sections 3.1 through 3.4 of the Separation Agreement.
Separation Costs shall have the meaning set forth in Section 4.24.
Separation Costs means costs incurred by Delphi as a direct consequence of the sale of the Sale Businesses for information technology separation costs and also unrecovered transition costs and unrecovered restructuring costs related to the sale of the Global Interiors & Closures Business, in an amount equal to $74 million and as more fully described on Exhibit 1.187 to this Agreement; provided, however, that Separation Costs shall be reduced by any amounts associated with line items on Exhibit 1.187 which the buyer specifically agrees to pay. Section 1.188 “SEPO” shall have the meaning ascribed to such term in section 5.11(a) of this Agreement. Section 1.189 “Settlement Agreement” shall mean the Amended and Restated Global Settlement Agreement, by and between Delphi, on behalf of itself and certain of its subsidiaries and Affiliates, and GM, dated as of the date hereof. Section 1.190 “Severance” shall mean (x) for purposes of section 4.01 hereof, cash paid by Delphi for Severance Payments as specified in the workforce transition provisions of the Labor MOUs or any successor collective bargaining agreements which do not provide for greater severance benefits than the Labor MOUs (unless approved by GM) to hourly employees for the time period included in calculating the Labor Cost Amount, and (y) for purposes of section 4.02 hereof, cash paid by Delphi for Severance Payments as specified in the workforce transition provisions of the Labor MOUs or any successor collective bargaining agreements which do not provide for greater severance benefits than the Labor MOUs (unless approved by GM) to hourly employees for the time period included in calculating the Production Cash Burn. Section 1.191 “Standard GM Terms” shall mean the GM Terms and Conditions as revised in September 2004. Section 1.192 “Straight Time” shall mean cash paid by Delphi for the base wage, pursuant to the applicable collective bargaining agreement, to hourly employees for the time period included in the calculating Labor Cost Amount. Section 1.193 “Steering Advance” shall have the meaning ascribed to such term in section 4.04(g) of this Agreement. Section 1.194 “Suggestion Awards” shall mean cash paid by Delphi during the time period included in calculating the Labor Cost Amount, for cost savings ideas submitted under the applicable suggestion plan program, pursuant to the applicable collective bargaining agreement, to hourly employees included in the calculation of Labor Cost Amount. Section 1.195 “Supplementa...
Separation Costs means all fees and expenses incurred by any of Parent, any Subsidiary of Parent or any member of the Energy Supply Group in connection with (i) the Spin Transactions and (ii) except as described in the immediately preceding clause (i), the Transactions (other than Shared Expenses).
Separation Costs means the costs, fees and expenses arising from or payable as a result of separating certain aspects of the Business from the Sellers, which shall only include those aspects of the Business set forth on Schedule 2.4(a)(i), but in no event shall include costs, fees and expenses relating to the matters set forth on Schedule 2.4(a)(ii).
Separation Costs means the costs and expenses (including any out-of-pocket and third-party costs) incurred in connection with the separation of the assets, infrastructure and data exclusively used by the Business from those of Seller and its Affiliates (other than the Acquired Companies) and the preparation of such separated assets, infrastructure and data for delivery to Buyer (or the Acquired Company), in the then current format and configuration, without conversion, to the systems of Buyer and its Affiliates (including the Acquired Companies), to allow Buyer to take possession of such assets, infrastructure and data (excluding data and records subject to the Historical Data Agreement), excluding the TPA Conversion Costs.