PLAN TRUST. Effective as of the Distribution Date (or such other date as Adaptec and Roxio may mutually agree), Roxio shall establish, or cause to be established, a separate trust, which is intended to be tax-qualified under Code Section 401(a), to be exempt from taxation under Code Section 501(a)(1), and to form the Roxio 401(k) Plan.
Appears in 2 contracts
Sources: Employee Matters Agreement (Roxio Inc), Employee Matters Agreement (Roxio Inc)