Business Unit Divestiture

Example Definitions of "Business Unit Divestiture"
Business Unit Divestiture. The termination of Employee's Employment in connection with the consummation of a merger, reorganization, consolidation, or sale of assets, or stock or other transaction that the Committee determines is a business unit divestiture event, that involves a Subsidiary (as defined in Paragraph 6(c)), joint venture, division or other business unit, and that results in a group of employees of such business unit (including the Employee) being employed by the acquiring company and no longer being... employed by Company. View More
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