Mirror Plans. TruGreen shall have adopted, or shall have caused to be adopted, the following TruGreen Mirror Plans, effective as of the completion of the Business Separation: the TruGreen Welfare Plans, the TruGreen 401(k) Plan, and the TruGreen Deferred Compensation Plan. TruGreen or its Subsidiaries shall become the plan sponsor of, and from and after the date of adoption of each Plan, shall have sole responsibility for each TruGreen Mirror Plan. Except as provided in this Agreement, each TruGreen Mirror Plan shall be substantially similar in all material respects to the corresponding ServiceMaster Plan as in effect immediately prior to the adoption of such TruGreen Mirror Plan (including, without limitation, the right of the sponsor and/or the participating employers to modify, amend, alter or terminate any such Plan).
Appears in 2 contracts
Sources: Employee Matters Agreement (Servicemaster Co, LLC), Employee Matters Agreement