Common use of Retirement Savings Plans Clause in Contracts

Retirement Savings Plans. (1)(i) Hussmann shall, as of a date which is on or prior to the Distribution Date ("RSP Effective Date"), establish two defined contribution plans and related trust(s) with a trustee designated by Hussmann (respectively referred to below as the "Hussmann RSP Plans" and "Hussmann RSP Trust") substantially similar to the Xxxxxxx Corporation Retirement Savings Plan and the Xxxxxxx Corporation Master Retirement Savings Plan (with the exception that on and after the Distribution Date instead of a Xxxxxxx Common Stock fund in both there will be offered a Hussmann Common Stock fund) and the Xxxxxxx Corporation Defined Contribution Master Trust (respectively referred to below as the "Xxxxxxx RSP Plans" and the "Xxxxxxx RSP Trust") covering, among others, each and every Hussmann Separated Employee or beneficiary thereof who, on or prior to the RSP Effective Date, is either a participant or a beneficiary, respectively, in either of the Xxxxxxx RSP Plans who has or has accrued a right to an account balance in either of the Xxxxxxx RSP Plans (such persons are referred to as "Hussmann Participants"). Each of the Hussmann RSP Plans and the Hussmann RSP Trust shall, effective as of the RSP Effective Date, assume all Liabilities whatsoever arising (before, on or after the RSP Effective Date) under each of the respective Xxxxxxx RSP Plans and the respective portion of the Xxxxxxx RSP Trust with respect to Hussmann Participants.

Appears in 1 contract

Samples: Distribution and Indemnity Agreement (Hussmann International Inc)

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Retirement Savings Plans. (1)(i) Hussmann Midas shall, as of a date which is on or prior to the Distribution Date ("RSP Effective DateEFFECTIVE DATE"), establish two defined contribution plans and related trust(s) with a trustee designated by Hussmann Midas (respectively referred to below as the "Hussmann MIDAS RSP PlansPLANS" and "Hussmann MIDAS RSP TrustTRUST") substantially similar to the Xxxxxxx Corporation Retirement Savings Plan and the Xxxxxxx Corporation Master Retirement Savings Plan (with the exception that on and after the Distribution Date instead of a Xxxxxxx Common Stock fund in both there will be offered a Hussmann Midas Common Stock fund) and the Xxxxxxx Corporation Defined Contribution Master Trust (respectively referred to below as the "Xxxxxxx XXXXXXX RSP PlansPLANS" and the "Xxxxxxx XXXXXXX RSP TrustTRUST") covering, among others, each and every Hussmann Midas Separated Employee or beneficiary thereof who, on or prior to the RSP Effective Date, is either a participant or a beneficiary, respectively, in either of the Xxxxxxx RSP Plans who has or has accrued a right to an account balance in either of the Xxxxxxx RSP Plans (such persons are referred to as "Hussmann ParticipantsMIDAS PARTICIPANTS"). Each of the Hussmann Midas RSP Plans and the Hussmann Midas RSP Trust shall, effective as of the RSP Effective Date, assume all Liabilities whatsoever arising (before, on or after the RSP Effective Date) under each of the respective Xxxxxxx RSP Plans and the respective portion of the Xxxxxxx RSP Trust with respect to Hussmann Midas Participants.

Appears in 1 contract

Samples: Distribution and Indemnity Agreement (Midas Group Inc)

Retirement Savings Plans. (1)(i) Hussmann Midas shall, as of a date which is on or prior to the Distribution Date ("RSP Effective Date"), establish two defined contribution plans and related trust(s) with a trustee designated by Hussmann Midas (respectively referred to below as the "Hussmann Midas RSP Plans" and "Hussmann Midas RSP Trust") substantially similar to the Xxxxxxx Corporation Retirement Savings Plan and the Xxxxxxx Corporation Master Retirement Savings Plan (with the exception that on and after the Distribution Date instead of a Xxxxxxx Common Stock fund in both there will be offered a Hussmann Midas Common Stock fund) and the Xxxxxxx Corporation Defined Contribution Master Trust (respectively referred to below as the "Xxxxxxx RSP Plans" and the "Xxxxxxx RSP Trust") covering, among others, each and every Hussmann Midas Separated Employee or beneficiary thereof who, on or prior to the RSP Effective Date, is either a participant or a beneficiary, respectively, in either of the Xxxxxxx RSP Plans who has or has accrued a right to an account balance in either of the Xxxxxxx RSP Plans (such persons are referred to as "Hussmann Midas Participants"). Each of the Hussmann Midas RSP Plans and the Hussmann Midas RSP Trust shall, effective as of the RSP Effective Date, assume all Liabilities whatsoever arising (before, on or after the RSP Effective Date) under each of the respective Xxxxxxx RSP Plans and the respective portion of the Xxxxxxx RSP Trust with respect to Hussmann Midas Participants.

Appears in 1 contract

Samples: Distribution and Indemnity Agreement (Midas Inc)

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Retirement Savings Plans. (1)(i) Hussmann shall, as of a date which is on or prior to the Distribution Date ("RSP Effective DateEFFECTIVE DATE"), establish two defined contribution plans and related trust(s) with a trustee designated by Hussmann (respectively referred to below as the "Hussmann HUSSMANN RSP PlansPLANS" and "Hussmann HUSSMANN RSP TrustTRUST") substantially similar to the Xxxxxxx Corporation Retirement Savings Plan and the Xxxxxxx Corporation Master Retirement Savings Plan (with the exception that on and after the Distribution Date instead of a Xxxxxxx Common Stock fund in both there will be offered a Hussmann Common Stock fund) and the Xxxxxxx Corporation Defined Contribution Master Trust (respectively referred to below as the "Xxxxxxx XXXXXXX RSP PlansPLANS" and the "Xxxxxxx XXXXXXX RSP TrustTRUST") covering, among others, each and every Hussmann Separated Employee or beneficiary thereof who, on or prior to the RSP Effective Date, is either a participant or a beneficiary, respectively, in either of the Xxxxxxx RSP Plans who has or has accrued a right to an account balance in either of the Xxxxxxx RSP Plans (such persons are referred to as "Hussmann ParticipantsHUSSMANN PARTICIPANTS"). Each of the Hussmann RSP Plans and the Hussmann RSP Trust shall, effective as of the RSP Effective Date, assume all Liabilities whatsoever arising (before, on or after the RSP Effective Date) under each of the respective Xxxxxxx RSP Plans and the respective portion of the Xxxxxxx RSP Trust with respect to Hussmann Participants.

Appears in 1 contract

Samples: Distribution and Indemnity Agreement (Hussmann International Inc)

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