Common use of Plan-to-Plan Transfer Clause in Contracts

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the Coverage Period, CAI will cause the rabbi trustee of the CAI SERP to transfer directly to the rabbi trustee of the Enova SERP the assets reflecting the account balance of each Transitioned Employee under the CAI SERP (other than the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI SERP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova SERP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI SERP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova SERP, and Enova shall continue to have the liability for such benefits.

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the Coverage Period, CAI will cause the rabbi trustee of the CAI SERP NSP to transfer directly to the rabbi trustee of the Enova SERP NSP the assets reflecting the account balance of each Transitioned Employee under the CAI SERP NSP (other than the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI SERP NSP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova SERP NSP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI SERP NSP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova SERPNSP, and Enova shall continue to have the liability for such benefits.

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the applicable Coverage Period, CAI will cause the rabbi trustee of the CAI SERP NSP to transfer directly to the rabbi trustee of the Enova SERP NSP the assets reflecting the account balance of each Transitioned Employee under the CAI SERP NSP (other than the portion of the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI SERP NSP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova SERP NSP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI SERP NSP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova SERPNSP, and Enova shall continue to have the liability for such benefits.

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the applicable Coverage Period, CAI will cause the rabbi trustee of the CAI SERP to transfer directly to the rabbi trustee of the Enova SERP the assets reflecting the account balance of each Transitioned Employee under the CAI SERP (other than the portion of the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI SERP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova SERP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI SERP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova SERP, and Enova shall continue to have the liability for such benefits.