Common use of Defined Benefit Pension Plans Clause in Contracts

Defined Benefit Pension Plans. As of the Distribution Date, Vector or a member of the Vector Group shall retain all of the assets in the trust underlying the Vector Retained Defined Benefit Pension Plans, and remain responsible for all Liabilities under the Vector Retained Defined Benefit Pension Plans.

Appears in 4 contracts

Sources: Employee Matters Agreement (Douglas Elliman Inc.), Employee Matters Agreement (Douglas Elliman Inc.), Employee Matters Agreement (Douglas Elliman Inc.)