Resignations and Removals. (a) Except as provided in Section 3.10(b), on or prior to the Distribution Date or as soon thereafter as practicable, (i) ▇▇▇▇▇▇▇ shall cause all its employees and any employees of its Subsidiaries (excluding any employees of any member of the Veralto Group) to resign or be removed, effective as of the Effective Time, from all positions as officers or directors of any member of the Veralto Group in which they serve, and (ii) ▇▇▇▇▇▇▇ shall cause all its employees and any employees of its Subsidiaries to resign, effective as of the Effective Time, from all positions as officers or directors of any members of the ▇▇▇▇▇▇▇ Group in which they serve. (b) No Person shall be required by any Party to resign or be removed from any position or office with another Party if such Person is disclosed in the Distribution Disclosure Documents as a Person who is to hold such position or office following the Effective Time.
Appears in 3 contracts
Sources: Separation and Distribution Agreement (Veralto Corp), Separation and Distribution Agreement (Danaher Corp /De/), Separation and Distribution Agreement (Veralto Corp)
Resignations and Removals. (a) Except as provided in Section 3.10(b3.9(b), on or prior to the Distribution Date or as soon thereafter as practicable, (i) ▇▇▇▇▇▇▇ Fortive shall cause all its employees and any employees of its Subsidiaries (excluding any employees of any member of the Veralto Ralliant Group) to resign or be removed, effective as of the Effective Time, from all positions as officers or directors of any member of the Veralto Ralliant Group in which they serve, and (ii) ▇▇▇▇▇▇▇ Ralliant shall cause all its employees and any employees of its Subsidiaries to resign, effective as of the Effective Time, from all positions as officers or directors of any members of the ▇▇▇▇▇▇▇ Fortive Group in which they serve.
(b) No Person shall be required by any Party to resign or be removed from any position or office with another Party if such Person is disclosed in the Distribution Disclosure Documents as a Person who is to hold such position or office following the Effective Time.
Appears in 3 contracts
Sources: Separation and Distribution Agreement (Fortive Corp), Separation and Distribution Agreement (Ralliant Corp), Separation and Distribution Agreement (Ralliant Corp)
Resignations and Removals. (a) Except as provided in Section 3.10(b3.6(b), on or prior to the Distribution Effective Date or as soon thereafter as practicable, (i) ▇▇▇▇▇▇▇ shall cause all its employees and any employees of its Subsidiaries (excluding any employees of any member of the Veralto Envista Group) to resign or be removed, effective as of the Effective Time, from all positions as officers or directors of any member of the Veralto Envista Group in which they serve, and (ii) ▇▇▇▇▇▇▇ Envista shall cause all its employees and any employees of its Subsidiaries to resign, effective as of the Effective Time, from all positions as officers or directors of any members of the ▇▇▇▇▇▇▇ Group in which they serve.
(b) No Person shall be required by any Party to resign or be removed from any position or office with another Party if such Person is disclosed in the Distribution Disclosure Documents IPO Registration Statement as a Person who is to hold such position or office following the Effective TimeIPO.
Appears in 2 contracts
Sources: Separation Agreement (Envista Holdings Corp), Separation Agreement (Envista Holdings Corp)
Resignations and Removals. (a) Except as provided in Section 3.10(b3.9(b), on or prior to the Distribution Date or as soon thereafter as practicable, (i) ▇▇▇▇▇▇▇ Fortive shall cause all its employees and any employees of its Subsidiaries (excluding any employees of any member of the Veralto Vontier Group) to resign or be removed, effective as of the Effective Time, from all positions as officers or directors of any member of the Veralto Vontier Group in which they serve, and (ii) ▇▇▇▇▇▇▇ Vontier shall cause all its employees and any employees of its Subsidiaries to resign, effective as of the Effective Time, from all positions as officers or directors of any members of the ▇▇▇▇▇▇▇ Fortive Group in which they serve.
(b) No Person shall be required by any Party to resign or be removed from any position or office with another Party if such Person is disclosed in the Distribution Disclosure Documents as a Person who is to hold such position or office following the Effective Time.
Appears in 2 contracts
Sources: Separation and Distribution Agreement (Vontier Corp), Separation and Distribution Agreement (Vontier Corp)
Resignations and Removals. (a) Except as provided in Section 3.10(b), on or prior to the Distribution Date or as soon thereafter as practicable, (i) ▇▇▇▇▇▇▇ shall cause all its employees and any employees of its Subsidiaries (excluding any employees of any member of the Veralto Group) to resign or be removed, effective as of the Effective Time, from all positions as officers or directors of any member of the Veralto Group in which they serve, and (ii) ▇▇▇▇▇▇▇ Veralto shall cause all its employees and any employees of its Subsidiaries to resign, effective as of the Effective Time, from all positions as officers or directors of any members of the ▇▇▇▇▇▇▇ Group in which they serve.
(b) No Person shall be required by any Party to resign or be removed from any position or office with another Party if such Person is disclosed in the Distribution Disclosure Documents as a Person who is to hold such position or office following the Effective Time.
Appears in 1 contract
Sources: Separation and Distribution Agreement (Veralto Corp)
Resignations and Removals. (a) Except as provided in Section 3.10(b3.8(b), on or prior to the Distribution Effective Date or as soon thereafter as practicable, (i) ▇▇▇▇▇▇▇ Fortive shall cause all its employees and any employees of its Subsidiaries (excluding any employees of any member of the Veralto Vontier Group) to resign or be removed, effective as of the Effective Time, from all positions as officers or directors of any member of the Veralto Vontier Group in which they serve, and (ii) ▇▇▇▇▇▇▇ Vontier shall cause all its employees and any employees of its Subsidiaries to resign, effective as of the Effective Time, from all positions as officers or directors of any members of the ▇▇▇▇▇▇▇ Fortive Group in which they serve.
(b) No Person shall be required by any Party to resign or be removed from any position or office with another Party if such Person is disclosed in the Distribution Disclosure Documents IPO Registration Statement as a Person who is to hold such position or office following the Effective TimeIPO.
Appears in 1 contract
Sources: Separation Agreement (Vontier Corp)