AMO Plan. definition

AMO Plan.. Plan" means any plan, policy, program, payroll practice, arrangement, contract, trust, insurance policy, or any agreement or funding vehicle providing compensation or benefits to employees, former employees, directors or consultants of AMO.
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Examples of AMO Plan. in a sentence

  • Except as specified otherwise in this Agreement, the provisions of this Agreement for the transfer of assets relating to Allergan Plans to AMO and/or the appropriate AMO Plans are based upon the understanding of the parties that AMO and/or the appropriate AMO Plan will assume all liabilities of the corresponding Allergan Plan to or relating to AMO Employees and AMO Beneficiaries, as provided for herein.

  • As specified in this Agreement or as otherwise mutually agreed upon by Allergan and AMO from time to time, AMO shall, or shall cause the relevant AMO Plan to, assume the liabilities of the corresponding Allergan Plan with respect to all benefits accrued under such Allergan Plan prior to the Distribution Date by AMO Employees.

  • No provision of this Agreement, the Contribution and Distribution Agreement, or any Ancillary Agreement shall be construed to create any right or accelerate entitlement to any compensation or benefit whatsoever on the part of any Allergan Employee or AMO Employee, or any other former, present or future employee of Allergan or AMO under any Allergan Plan or AMO Plan or otherwise.

  • As specified in this Agreement or as otherwise mutually agreed upon by Allergan and AMO from time to time, Allergan shall, or shall cause each Allergan Plan to, transfer to AMO or the relevant AMO Plan, amounts equal to trust assets, insurance reserves, and other related assets of each Allergan Plan relating to the liabilities of such Allergan Plan assumed by AMO or such AMO Plan.

  • Except as specified otherwise in this Agreement, as of the Distribution Date, or other later date that applies to the particular AMO Plan established thereafter, the AMO Plans shall be, with respect to AMO Employees and AMO Beneficiaries, in all respects the successors in interest to, and shall not provide benefits that duplicate benefits provided by, the corresponding Allergan Plans.

  • Except as specified otherwise in this Agreement, nothing in this Agreement shall preclude AMO, at any time after the Distribution Date, from amending, merging, modifying, terminating, eliminating, reducing, or otherwise altering in any respect any AMO Plan, any benefit under any AMO Plan or any trust, insurance policy or funding vehicle related to any AMO Plans, or any employment or other service arrangement with AMO Employees or vendors (to the extent permitted by law).

  • All beneficiary designations made by AMO Employees for the Allergan Plans shall be transferred to and be in full force and effect under the corresponding AMO Plans, in accordance with the terms of each such applicable AMO Plan, until such beneficiary designations are replaced or revoked by the AMO Employees who made the beneficiary designations.