Common use of Corporation Nonqualified Plans Clause in Contracts

Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the " Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to RHD Employees, (i) RHD shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities 15 for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder and (iii) the Liabilities retained by New D&B under such plans shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the RHD pension plans.

Appears in 2 contracts

Samples: Employee Benefits Agreement (New Dun & Bradstreet Corp), Employee Benefits Agreement (Dun & Bradstreet Corp)

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Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the " "Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to RHD Moody's Employees, (i) RHD Moody's shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities 15 for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder and (iii) thereunder. Notwithstanding the foregoing, the Liabilities retained by New D&B under such plans shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the RHD Moody's pension plans.

Appears in 1 contract

Samples: Employee Benefits Agreement (New D&b Corp)

Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the " "Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to RHD Employees, (i) RHD shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities 15 for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder and (iii) the Liabilities retained by New D&B under such plans shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the RHD pension plans.

Appears in 1 contract

Samples: Employee Benefits Agreement (Dun & Bradstreet Corp /De/)

Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the " "Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to RHD Employees, (i) RHD shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities 15 for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder and (iii) the Liabilities retained by New D&B under such plans shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the RHD pension plansCode.

Appears in 1 contract

Samples: Employee Benefits Agreement (New Dun & Bradstreet Corp)

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Corporation Nonqualified Plans. Prior to the Effective Time, New D&B shall assume and become the sponsor of the Corporation Supplemental EBP, the Corporation Supplemental EBP Trust, the Corporation Pension BEP, the Corporation Pension BEP Trust and the Corporation Savings BEP (collectively, the " "Corporation Nonqualified Plans") for the benefit of persons who, prior to the Effective Time, were participants thereunder; provided, however, that, with respect to RHD Moody's Employees, (i) RHD Moody's shall retain the liability for benefits under the Corporation Savings BEP and (ii) New D&B shall retain only those Liabilities 15 for benefits under the Corporation Nonqualified Plans (other than the Corporation Savings BEP) that, prior to the Effective Time, were accrued and to which such participants had earned vested rights thereunder and (iii) the thereunder. The Liabilities retained by New D&B under such plans shall be appropriately adjusted to reflect (A) increases in the contribution limits imposed by Section 415 of the Code and (B) future accruals under the RHD Moody's pension plans.

Appears in 1 contract

Samples: Employee Benefits Agreement (New D&b Corp)

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