CareFusion DC Plan definition
Examples of CareFusion DC Plan in a sentence
As of the Effective Time, CareFusion shall establish a deferred compensation plan that is substantially similar to the Cardinal Health DC Plan (“CareFusion DC Plan”), and all Liabilities of the portion of the Cardinal Health DC Plan associated with the outstanding vested and unvested deferred compensation account balances of the CareFusion Participants determined as of the Effective Time shall be transferred to and assumed by CareFusion and the CareFusion DC Plan.
The Parties agree that for purposes of the Cardinal Health DC Plan the employment of a CareFusion Participant shall not be considered to have terminated as a result of the Distribution, and such employment shall only be considered to terminate for purposes of the CareFusion DC Plan when the employment of such CareFusion Participant with the CareFusion Group terminates in accordance with the terms of the CareFusion DC Plan and applicable Laws.