Plan Loans. Effective as of the date established pursuant to Section 3.1, all outstanding loans of MVT Employees from the MI Retirement Program shall be transferred to the MVT Retirement Plan pursuant to Section 3.2. As of such date, the MVT Group shall be solely responsible for implementing its own payroll system and making payroll deductions for repayment of such loans.
Appears in 3 contracts
Sources: Employee Matters Agreement (Metavante Holding CO), Employee Matters Agreement (Marshall & Ilsley Corp/Wi/), Employee Matters Agreement (Metavante Holding CO)