Description of Delphi Pension Trust. Assets of the Delphi HRP are held in a master pension trust (the “Delphi Pension Trust”) and the assets of the GM HRP are also held in a pension trust (the “GM Pension Trust”). The Delphi Pension Trust and the GM Pension Trust have assets invested in the same commingled trusts and other investment vehicles. The assets involve a combination of privately held and publicly held securities and other investment forms. The determination of which Delphi HRP assets are ultimately transferred on the First and Second Transfer Dates, with GMIMCo’s assistance, shall be mutually agreed by Delphi and GM. The determination shall be in accordance with the 414(l) asset allocation of the Delphi HRP participant liabilities to be transferred. Assets shall be transferred in-kind in a trust-to-trust transfer.
Appears in 2 contracts
Samples: Global Settlement Agreement (General Motors Corp), Global Settlement Agreement (Delphi Corp)
Description of Delphi Pension Trust. Assets of the Delphi HRP are held in a master pension trust (the “"Delphi Pension Trust”") and the assets of the GM HRP are also held in a pension trust (the “"GM Pension Trust”"). The Delphi Pension Trust and the GM Pension Trust have assets invested in the same commingled trusts and other investment vehicles. The assets involve a combination of privately held and publicly held securities and other investment forms. The determination of which Delphi HRP assets are ultimately transferred on the First and Second Transfer Dates, with GMIMCo’s 's assistance, shall be mutually agreed by Delphi and GM. The determination shall be in accordance with the 414(l) asset allocation of the Delphi HRP participant liabilities to be transferred. Assets shall be transferred in-kind in a trust-to-trust transfer.
Appears in 1 contract
Samples: Master Restructuring Agreement
Description of Delphi Pension Trust. Assets of the Delphi HRP are held in a master pension trust (the “Delphi Pension Trust”) and the assets of the GM HRP are also held in a pension trust (the “GM Pension Trust”). The Delphi Pension Trust and the GM Pension Trust have assets invested in the same commingled trusts and other investment vehicles. The assets involve a combination of privately held and publicly held securities and other investment forms. The determination of which Delphi HRP assets are ultimately transferred on the First and Second Transfer Dates, with GMIMCo’s assistance, shall be mutually agreed by Delphi and GM. The determination shall be in accordance with the 414(l) asset allocation of the Delphi HRP participant liabilities to be transferred. Assets shall be transferred in-kind in a trust-to-trust transfer.. (d)
Appears in 1 contract
Samples: Global Settlement Agreement
Description of Delphi Pension Trust. Assets of the Delphi HRP are held in a master pension trust (the “Delphi Pension Trust”) and the assets of the GM HRP are also held in a pension trust (the “GM Pension Trust”). The Delphi Pension Trust and the GM Pension Trust have assets invested in the same commingled trusts and other investment vehicles. The assets involve a combination of privately privately-held and publicly held securities and other investment forms. The determination of GMIMCo shall determine, subject to Delphi’s approval, which Delphi HRP assets are ultimately transferred on each of the First Tranche Date and Second Transfer Dates, with GMIMCo’s assistance, shall be mutually agreed by Delphi and GMTranche Date. The determination shall be in accordance with the 414(l) asset allocation of the Delphi HRP participant liabilities to be transferred. Assets shall be transferred in-kind in a trust-to-trust transfer.
Appears in 1 contract
Description of Delphi Pension Trust. Assets of the Delphi HRP are held in a master pension trust (the “"Delphi Pension Trust”") and the assets of the GM HRP are also held in a pension trust (the “"GM Pension Trust”"). The Delphi Pension Trust and the GM Pension Trust have assets invested in the same commingled trusts and other investment vehicles. The assets involve a combination of privately privately- held and publicly held securities and other investment forms. The determination of which Delphi HRP assets are ultimately transferred on each of the First Tranche Date and Second Transfer Tranche Date willTransfer Dates, with GMIMCo’s 's assistance, shall be mutually agreed by Delphi and GM. The determination shall be in accordance with the 414(l) asset allocation of the Delphi HRP participant liabilities to be transferred. Assets shall be transferred in-kind in a trust-to-trust transfer.
Appears in 1 contract
Samples: Settlement Agreement