NextLevel Systems Distribution Date definition
Examples of NextLevel Systems Distribution Date in a sentence
The parties hereto agree that, from after the NextLevel Systems Distribution Date, nothing herein shall constitute, be construed to be, or create a partnership, joint venture or similar relationship between them, and that any actions performed by or on behalf of another party hereunder shall be as an agent for such other party.
Effective as of the NextLevel Systems Distribution Date, all outstanding options in respect of GS Common Stock held by Active Employees of the GS Group as of the NextLevel Systems Distribution Date will be adjusted as necessary to reflect the NextLevel Systems Distribution.
Each of the agreements of the parties herein shall survive the NextLevel Systems Distribution Date.
Effective on the NextLevel Systems Distribution Date, GS shall serve as the sole sponsor of the GI Salaried Welfare Plans from and after the NextLevel Systems Distribution Date.
As promptly as practical after the NextLevel Systems Distribution Date, GS shall cause the trustee of the GI Savings Plan to transfer to the trustee of the NextLevel Systems DC Plan, the account balances of each Active Employee of the NextLevel Systems Group and each Former Employee of the NextLevel Systems Group with respect to whom the GI Savings Plan maintains an account as of the close of business on the NextLevel Systems Distribution Date.
Nothing in this Agreement shall give any Active Employee of any Group any right to continued employment by any member of that Group or any other Group beyond the NextLevel Systems Distribution Date, which is in addition to or supplemental to any such right he or she may have arising under contract or otherwise.
Except as otherwise expressly provided herein, all covenants and agreements of the parties contained in this Agreement shall survive the NextLevel Systems Distribution Date.
As promptly as practical after the NextLevel Systems Distribution Date, assets having a fair market value as of the date of transfer equal to the transferred account balances as of such date shall be transferred to a successor trust established by NextLevel Systems in connection with the NextLevel Systems Deferred Compensation Plan or to a successor trust established by CommScope in connection with the CommScope Deferred Compensation Plan, as the case may be.
Each of the parties hereto shall cause to be performed, and hereby guarantee the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary of such party which is contemplated to be a Subsidiary of such party on and after the NextLevel Systems Distribution Date.
If at any time after the NextLevel Systems Distribution Date any further action is necessary or desirable to carry out the purposes of this Agreement, each of NextLevel Systems, CommScope, and GS shall, on the written request of any of them, take (or cause the appropriate member of its Group over which it has direct or indirect legal or effective control to take) all such reasonably necessary or desirable action.