Definition of Abbott PR SERP - New


Abbott PR SERP - New means the Abbott Puerto Rico Supplemental Pension Plan established pursuant to Section 7.03.

Examples of Abbott PR SERP - New in a sentence

As of the Distribution Date, Abbott PR shall, and shall cause the Abbott PR SERP - New to, assume all EMA Liabilities for all obligations under the AbbVie PR SERP for the benefits of Abbott Retained Employees and Abbott LTD Participants and their beneficiaries and/or alternate payees determined as of the Distribution Date, and AbbVie PR and the AbbVie PR SERP shall berelieved of all EMA Liabilities for those benefits.
As of the Distribution Date, Abbott PR shall, and shall cause the Abbott PR SERP - New to, assume all Liabilities for all obligations under the AbbVie PR SERP for the benefits of Abbott Retained Employees and Abbott LTD Participants and their beneficiaries and/or alternate payees determined as of the Distribution Date, and AbbVie PR and the AbbVie PR SERP shall be relieved of all Liabilities for those benefits.