Transfer of Cash. Alltel shall transfer cash to the general funds of Windstream Corporation as successor to Spinco on July 18, 2006 in an amount sufficient to provide for the payment of the obligations and liabilities with respect to Spinco Employees and Spinco Individuals under the 1998 Management Deferred Compensation Plan that are transferred to and assumed by the Spinco 1998 Management Plan (assuming for purposes of calculating this amount only, that all benefits shall be payable in a single lump sum on the Distribution Date).
Appears in 2 contracts
Samples: Employee Benefits Agreement (Alltel Corp), Employee Benefits Agreement (Windstream Corp)
Transfer of Cash. On July 18, 2006, Alltel shall transfer cash to the general funds of Windstream Corporation as successor to Spinco on July 18, 2006 in an amount sufficient to provide for the payment of the obligations and liabilities with respect to Spinco Employees and Spinco Individuals under the 1998 Management Executive Deferred Compensation Plan that are transferred to and assumed by the Spinco 1998 Management Executive Plan (assuming for purposes of calculating this amount only, that all benefits shall be payable in a single lump sum on the Distribution Date).
Appears in 2 contracts
Samples: Employee Benefits Agreement (Windstream Corp), Employee Benefits Agreement (Alltel Corp)
