Common use of Qualified Defined Contribution Plans Clause in Contracts

Qualified Defined Contribution Plans. (a) No member of the Duck Head Group or the Delta Apparel Group shall have any obligation to make contributions to the Delta Woodside Industries, Inc. Savings and Investment Plan (the "Delta Woodside 401(k) Plan") in respect of any member of the Duck Head Employee Group or the Delta Apparel Employee Group or otherwise after the Effective Time, except for accrued but unpaid employee and employer contributions, if any, relating to that employee's compensation earned before the Effective Time.

Appears in 5 contracts

Samples: Distribution Agreement (Dh Apparel Co Inc), Distribution Agreement (Delta Apparel Inc), Distribution Agreement (Delta Apparel Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.