FLEX LTD.
For the period ended Nov 2, 2026. Filed Oct 5, 2026.
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Nov 2, 2026 · Filed Oct 5, 2026
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Contents
Managed Services
Section 3.1 Managed Services. Subject to applicable Law, to facilitate the orderly transfer of employment of certain Delayed Transfer Employees whose employment cannot transfer to the applicable Service Recipient (or a Designee) as of the Effective Time, the Service Provider shall provide (or shall cause a Designee to provide) to the Service Recipient, and the Service Recipient shall accept, the services of such Managed Services Employee from the Effective Date until the earliest of (a) the twelve (12)-month anniversary of the Effective Date (or such later time as mutually agreed in writing by the Parties), (b) the Applicable Transfer Date for such Managed Services Employee and (c) the termination of such Managed Services Employee’s employment (such period, the “Managed Services Period,” and such arrangement, the “Managed Services”). The Managed Services are not intended to alter the employment relationship between the Managed Services Employee and the applicable Service Provider during the Managed Services Period. Accordingly, during the Managed Services Period and for so long as such Managed Services Employee remains employed, each Managed Services Employee shall remain an employee solely of the applicable Service Provider (or a Designee). At the conclusion of the Managed Services Period, the employment of such Managed Services Employee is intended to transfer to the applicable Service Recipient (or Designee) in accordance with, and subject to, the terms of the Employee Matters Agreement. The Service Provider shall not hire any individual to be a Managed Services Employee or terminate the employment of any Managed Services Employee at or following the Effective Time without the prior written approval of the Service Recipient; provided, however, that the Service Provider may terminate such individual’s employment for cause (as determined by the Service Provider in its reasonable discretion) without receiving the Service Recipient’s prior written approval so long as the Service Provider notifies the Service Recipient in writing prior to taking such action. Following the Effective Time, the Service Recipient may request that the Service Provider hire any individual to serve as a Managed Services Employee for a limited period (subject to the Service Provider’s approval, such approval not to be unreasonably withheld, conditioned or delayed by the Service Provider) and direct the Service Provider to terminate the employment or service of any Managed Services Employee.
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