NON-EMPLOYEE DIRECTOR BENEFITS. The parties intend that all Water Pik Non-Employee Directors who were ATI Non-Employee Directors prior to the Distribution Date may continue to serve as ATI Non-Employee Directors. In furtherance of such intention, ATI shall retain all Benefit Liabilities with respect to the services of its Non-Employee Directors under the ATI Non-Employee Director Plans accrued as of the Distribution Date. Water Pik assumes no Benefit Liabilities under the ATI Non-Employee Director Plans.
NON-EMPLOYEE DIRECTOR BENEFITS. The parties intend that all Teledyne Technologies Non-Employee Directors who were ATI Non-Employee Directors prior to the Distribution Date may continue to serve as ATI Non-Employee Directors. In furtherance of such intention, ATI shall retain all Benefit Liabilities with respect to the services of its Non-Employee Directors under the ATI Non-Employee Director Plans accrued as of the Distribution Date. Teledyne Technologies assumes no Benefit Liabilities under the ATI Non-Employee Director Plans.
NON-EMPLOYEE DIRECTOR BENEFITS. (A) NON-EMPLOYEE DIRECTOR DEFERRED STOCK UNIT PLAN Effective not later than the Close of the Distribution Date, Spinco shall establish a Spinco non-employee director deferred stock unit plan that is substantially identical in all Material Respects to the National Service Industries, Inc. Non-Employee Director Deferred Stock Unit Plan, and Spinco shall assume and be solely responsible for all Liabilities under the NSI Non-Employee Director Deferred Stock Unit Plan relating to individuals who become non-employee directors of Spinco (and certain former non-employee directors of NSI). The deferred stock units of NSI Common Stock relating to non-employee directors of Spinco shall be converted into deferred stock units of Spinco Common Stock in an equitable manner as determined by Spinco.
NON-EMPLOYEE DIRECTOR BENEFITS. 29 (a) Non-Employee Director Deferred Stock Unit Plan.............................................29 (b) Non-Employee Directors' Stock Option Plan..................................................29
NON-EMPLOYEE DIRECTOR BENEFITS. The parties intend that all Spinco Non-Employee Directors who were ATI Non-Employee Directors prior to the Distribution Date may continue to serve as ATI Non-Employee Directors. In furtherance of such intention, ATI shall retain all Benefit Liabilities with respect to the services of its Non-Employee Directors under the ATI Non-Employee Director Plans accrued as of the Distribution Date. Spinco assumes no Benefit Liabilities under the ATI Non-Employee Director Plans.
NON-EMPLOYEE DIRECTOR BENEFITS. (a) Non-Employee Director Deferred Compensation Plan Effective not later than the Close of the Distribution Date, SpinCo shall establish a SpinCo non-employee director deferred compensation plan that is substantially similar to the Acuity Brands, Inc. Non-Employee Director Deferred Compensation Plan, and SpinCo shall assume and be solely responsible for all Liabilities under the Acuity Brands, Inc. Non-Employee Director Deferred Compensation Plan relating to individuals who become non-employee directors of SpinCo. The deferred stock units of Acuity Common Stock relating to non-employee directors of SpinCo as of the Distribution Date shall remain in deferred stock units of Acuity Common Stock, and the number of deferred stock units shall be adjusted such that the fair market value of the deferred stock units Immediately After the Distribution Date equals the fair market value of such deferred stock units immediately prior to the Distribution.
NON-EMPLOYEE DIRECTOR BENEFITS. 25 6.6 Rabbi Trust........................................................................................ 27
NON-EMPLOYEE DIRECTOR BENEFITS. As of the Distribution Date, MOD-PAC shall assume and be solely responsible for all Liabilities under the Non-Employee Director Plan to or relating to MOD-PAC Non-Employee Directors.
NON-EMPLOYEE DIRECTOR BENEFITS. 40 (a) Non-Employee Director Plans........................ 40 (b) Deferred Compensation Plan for Non-Employee Directors........................... 40 6.7 Non-Competition Guidelines................................. 41 (a) AT&T Non-Competition Guideline..................... 41 (b) Lucent Non-Competition Guideline................... 41 (c) Confidentiality and Proprietary Information........ 41 6.8 Rabbi Trust and Corporate-Owned Life Insurance........................................... 41 (a) Establishment of Mirror Rabbi Trust................ 41 (b) Funding of Lucent Rabbi Trust...................... 41 (c) Corporate-Owned Life Insurance..................... 42 6.9 AT&T Split Dollar Life Insurance........................... 42
NON-EMPLOYEE DIRECTOR BENEFITS. 6.6 Rabbi Trust a. Establishment of Mirror Rabbi Trust b. Funding of Avaya Rabbi Trust
