Outstanding Loans. During their employment with Moody's, Moody's Transferred Savings Plan Employees who have outstanding loans originally made from the Corporation Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks, and, prior to the Moody's Savings Plan Transfer Date, Moody's or New D&B (as the case may be) shall cause all such deductions to be forwarded to the Corporation Savings Plan as promptly as practicable. After the Effective Time, no such deductions by Moody's shall be made in respect of Moody's Bifurcated Savings Plan Employees who have outstanding loans from the Corporation Savings Plan, and all such employees shall be required to repay their loans directly to the Corporation Savings Plan in accordance with the existing terms thereof.
Appears in 4 contracts
Samples: Employee Benefits Agreement (New D&b Corp), Employee Benefits Agreement (Moodys Corp /De/), Employee Benefits Agreement (New D&b Corp)
