Gaming MSP definition
Examples of Gaming MSP in a sentence
On or prior to the Effective Date, HGMI shall establish two nonqualified deferred compensation plans, the Gaming DSP and the Gaming MSP, for the benefit of certain Gaming Employees, Grand Victoria Employees and the Hyatt Terminees.
No distribution of benefits from Hyatt MSP, Hyatt DSP, Hyatt RDICP, Hyatt SERP, Gaming DSP, Gaming MSP, H-Group RDICP or H-Group SERP shall be made to any Gaming Employee, Retained Employee or Grand Victoria Employee solely on account of the Spin-Offs.
On or prior to the Effective Date, H-Group, HCC and Grand Victoria shall adopt the Gaming MSP and Gaming DSP and become participating employers thereunder.
All participants in the Gaming DSP and Gaming MSP who, immediately prior to Closing, participated in the Hyatt DSP and Hyatt MSP will have their deferral elections, beneficiary elections and all other elections automatically transferred and be applicable to the Gaming DSP and Gaming MSP as of the Effective Date.
Each member of the Gaming Group shall be responsible for the matching contributions due for 2004 under the Gaming DSP, Gaming MSP, Hyatt DSP and Hyatt MSP and Hyatt shall not be responsible for any portion thereof.
HGMI shall also establish, or cause to be established, a separate rabbi trust to form a part of the Gaming MSP and the Gaming DSP.