Agreement means this Employee Matters Agreement, including all of the schedules and exhibits hereto.
Applicable Law has the meaning set forth in the Separation and Distribution Agreement.
COBRA means the continuation coverage requirements for group health plans under Title X of the Consolidated Omnibus Budget Reconciliation Act of 1985, as codified in Section 4980B of the Code and Sections 601 through 608 of ERISA.
Code means the Internal Revenue Code of 1986, as amended from time to time.
Collective Bargaining Agreement means any and all agreements, memoranda of understanding, contracts, letters, side letters and contractual obligations of any kind, nature and description, oral or written, that have been entered into between or that involve or apply to any employer and any labor organization, union, employee association, agency or employee committee or plan.
Delayed Transfer Employee means any Kontoor Brands Inactive Employee, Transferred Kontoor Brands Employee or Sponsored Employee (to the extent applicable).
Distribution Date has the meaning set forth in the Separation and Distribution Agreement.
Distribution Ratio means the number of shares of Kontoor Brands Common Stock distributed in the Distribution in respect of one share of VF Common Stock.
Employee Plan means any (a) employee benefit plan as defined in Section 3(3) of ERISA, (b) compensation, employment, consulting, severance, termination protection, change in control, transaction bonus, retention or similar plan, agreement, arrangement, program or policy or (c) other plan, agreement, arrangement, program or policy providing for compensation, bonuses, profit-sharing, equity or equity-based compensation or other forms of incentive or deferred compensation, vacation benefits, insurance (including any self-insured arrangement), medical, dental, vision, prescription or fringe benefits, life insurance, relocation or expatriate benefits, perquisites, disability or sick leave benefits, employee assistance program, supplemental unemployment benefits or post-employment or retirement benefits (including compensation, pension, health, medical or insurance benefits), in each case whether or not written.
ERISA means the Employee Retirement Income Security Act of 1974, as amended, together with the rules and regulations promulgated thereunder.
Exchange Act means the Securities Exchange Act of 1934.
Former Kontoor Brands Employee means each individual who, as of immediately prior to the Distribution Date, is a former employee who was last actively employed primarily with respect to the Jeanswear Business by any member of the VF Group or the Kontoor Brands Group.
Former VF Employee means each individual who, as of immediately prior to the Distribution Date, is a former employee of any member of the VF Group.
Governmental Authority means any multinational, foreign, federal, state, local or other governmental, statutory or administrative authority, regulatory body or commission or any court, tribunal or judicial or arbitral authority which has any jurisdiction or control over either party (or any of their Affiliates).
H&W Plan means any VF H&W Plan or Kontoor Brands H&W Plan.
Jeanswear Business has the meaning set forth in the Separation and Distribution Agreement.