Lone Pine Benefit Plan definition
Examples of Lone Pine Benefit Plan in a sentence
No provision of this Agreement, the Separation 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 Forest Employee, Lone Pine Employee, Former Forest Employee, Former Lone Pine Employee or other former, present or future employee of any member of the Forest Group or the Lone Pine Group under any Forest Benefit Plan or Lone Pine Benefit Plan or otherwise.
To the extent applicable, all beneficiary designations made by Lone Pine Employees under the Forest Benefit Plans shall be transferred to and be in full force and effect under the corresponding Lone Pine Benefit Plans, in accordance with the terms of each such applicable Lone Pine Benefit Plan, until such beneficiary designations are replaced or revoked by the Lone Pine Employee who made the beneficiary designation.