Plan Loans. Effective as of the dates established pursuant to Section 4.1(a) and Section 4.1(b), all outstanding loans of Dental Business Employees from the Sybron Salaried and Hourly Savings and Thrift Plans shall be transferred to the SDS Savings and Thrift and Union Savings and Thrift Plans pursuant to Section 4.2(a) and Section 4.2(b). As of such dates, the SDS Group shall be solely responsible for implementing its own payroll system and making payroll deductions for repayment of such loans.
Appears in 2 contracts
Sources: Employee Benefits Agreement (SDS Holding Co), Employee Benefits Agreement (Sybron International Corp)