Common use of SIP Clause in Contracts

SIP. “SIP,” when immediately preceded by “BMS,” means the BMS Savings and Investment Program, a defined contribution plan. When immediately preceded by “BMSPR,” “SIP” means the BMSPR Savings and Investment Program, a defined contribution plan. When immediately preceded by “▇▇▇▇ ▇▇▇▇▇▇▇,” “SIP” means the defined contribution plan funded by a trust that is qualified under U.S. Code Section 401(a) and exempt from taxation under U.S. Code Section 501(a)(1), to be established by ▇▇▇▇ ▇▇▇▇▇▇▇ pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by U.S. ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under the BMS SIP prior to the Separation Date in accordance with Section 6.1. When immediately preceded by “▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇,” “SIP” means the defined contribution plan funded by a trust that is qualified and exempt from taxation under PR Code 1165(a), and pursuant to ERISA Section 1022(i)(1), under U.S. Code Section 501(a), to be established by ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by US ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under the BMSPR SIP prior to the Separation Date in accordance with Section 6.1.

SIP. “SIP,” when immediately preceded by “BMS,” means the BMS Savings and Investment Program, a defined contribution plan. When immediately preceded by “BMSPR,” “SIP” means the BMSPR Savings and Investment Program, a defined contribution plan. When immediately preceded by “▇▇▇▇ ▇▇▇▇▇▇▇,” “SIP” means the defined contribution plan funded by a trust that is qualified under U.S. Code Section 401(a) and exempt from taxation under U.S. Code Section 501(a)(1), to be established by ▇▇▇▇ ▇▇▇▇▇▇▇ pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by U.S. ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under the BMS SIP prior to the Separation Date in accordance with Section 6.1. When immediately preceded by “▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇,” “SIP” means the defined contribution plan funded by a trust that is qualified and exempt from taxation under PR Code 1165(a), and pursuant to ERISA Section 1022(i)(1), under U.S. Code Section 501(a), to be established by ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by US U.S. ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under the BMSPR SIP prior to the Separation Date in accordance with Section 6.1.