Continuation of Elections. As of the Plan Split Date, Manitowoc Foodservice (acting directly or through a member of the Manitowoc Foodservice Group) will cause the Manitowoc Foodservice Spinoff DB Plans to recognize and maintain all existing elections, including beneficiary designations, payment form elections and rights of alternate payees under qualified domestic relations orders with respect to Manitowoc Foodservice Group Employees and Former Foodservice Business Employees and their respective Plan Payees under the corresponding Split DB Plan.
Appears in 3 contracts
Samples: Employee Matters Agreement (Manitowoc Co Inc), Employee Matters Agreement (Manitowoc Foodservice, Inc.), Employee Matters Agreement (Manitowoc Foodservice, Inc.)
Continuation of Elections. As of the Plan Split Distribution Date, or Applicable Transfer Date, Manitowoc Foodservice (acting directly or through a member of the Manitowoc Foodservice Group) will cause the Manitowoc Foodservice Spinoff DB DC Plans to recognize and maintain all existing elections, including payment form elections, beneficiary designations, payment form elections and the rights of alternate payees under qualified domestic relations orders with respect to Manitowoc Foodservice Group Employees and Former Foodservice Business Employees and their respective Plan Payees under the corresponding Split DB DC Plan.
Appears in 3 contracts
Samples: Employee Matters Agreement (Manitowoc Foodservice, Inc.), Employee Matters Agreement (Manitowoc Co Inc), Employee Matters Agreement (Manitowoc Foodservice, Inc.)
