SCOUT PLANS Clause Samples

SCOUT PLANS. Scout shall: i. amend the Scout Plans to clarify that grants under such plans shall be adjusted on account of the Distribution and to provide that the holder shall not be considered as having experienced a termination of service so long as the holder remains continuously in the service of Scout, New Scout, a Scout Affiliate, SNFCo or a SNFCo Affiliate from and after the Distribution Date; and ii. cause the committee administering each such Scout Plan to adjust those outstanding grants under the Scout Plans in accordance with Exhibit A attached hereto.