Fujitsu Pension Fund definition
Examples of Fujitsu Pension Fund in a sentence
In connection with the transfer of employment of the Transferred Employees from the Company to Fujitsu or its designated Affiliate and subject to the immediately following sentence, the Company shall cause the Company Employee Pension Fund to transfer the Initial Asset Transfer Amount to the Fujitsu Pension Fund (or an equivalent pension fund of Fujitsu or its designated Affiliate) on the Transfer Date.
Upon the transfer of the Initial Asset Transfer Amount and the Unfunded Amount to the Fujitsu Pension Fund (or an equivalent pension fund of Fujitsu or its designated Affiliate) and Fujitsu or its designated Affiliate, as the case may be, the Fujitsu Pension Fund (or an equivalent pension fund of Fujitsu or its designated Affiliate) and Fujitsu or its designated Affiliate, as the case may be, shall assume all Pension Benefits liabilities for the Transferred Employees.
Notwithstanding anything herein to the contrary, Fujitsu or its designated Affiliate shall, in its sole discretion, have the right to terminate or modify any benefit plans or arrangements it sponsors (including the Fujitsu Pension Fund or an equivalent pension fund of Fujitsu or its designated Affiliate) from time to time, including those in which any Transferred Employees may participate.
Effective as of the Transfer Date, the Transferred Employees shall participate in the Fujitsu Pension Fund (or an equivalent pension fund of Fujitsu or its designated Affiliate).