Common use of Post-Distribution Service Credit Clause in Contracts

Post-Distribution Service Credit. Except to the extent required by applicable Law, (i) no Integra Entity shall be obligated to recognize any service of a SeaSpine Employee after the Distribution Time for any purpose under any Integra Benefit Plan, and (ii) no SeaSpine Entity shall be obligated to recognize any service of an Integra Employee after the Distribution Time for any purpose under any SeaSpine Benefit Plan; provided, however, that nothing herein shall prohibit any Integra Entity or any SeaSpine Entity from recognizing such service.

Appears in 2 contracts

Sources: Employee Matters Agreement (SeaSpine Holdings Corp), Employee Matters Agreement (SeaSpine Holdings Corp)