Examples of Non-U.S. Retirement Plan in a sentence
Each JDSU Non-U.S. Retirement Plan shall retain all Assets and Liabilities related to JDSU Group Employees, and Former JDSU Group Employees.
Such Liabilities will be valued as of the Transfer Date using the projected benefit obligation based on the provisions of the applicable JDSU Non-U.S. Retirement Plan as in effect on the Transfer Date and applying demographic and other assumptions used in the most recently completed valuation of the applicable JDSU Non-U.S.
The parties agree to use commercially reasonable efforts to accomplish each transfer as soon as practicable following the establishment of the applicable Keysight Non-U.S. Retirement Plan and to cooperate with each other to make such filings and disclosures, and obtain such approvals as may be deemed to be necessary or advisable in accordance with applicable Law.
Except as otherwise mutually agreed upon by the parties and set forth on Schedule 6.01(a)(i)(C), such Liabilities will be valued as of the Operational Separation Date using the projected benefit obligation based on the provisions of the applicable Agilent Non-U.S. Retirement Plan as in effect at the Operational Separation Date and applying demographic and other assumptions used in the most recently completed valuation of the applicable Agilent Non-U.S.
Each Agilent Non-U.S. Retirement Plan shall retain all Assets and Liabilities related to Agilent Group Employees, Former Agilent Group Employees, and, with respect to each of the countries or entities listed in Schedule 6.01(a)(i)(B), Former Keysight Group Employees.
As soon as practicable following the Effective Time, subject to and in compliance with applicable Law, account balances (including statutory contributions and funds), or contracts of the PayPal Group Employees and, if applicable, Former PayPal Group Employees, shall be transferred from a member of the eBay Group or the eBay Non-U.S. Retirement Plan to a member of the PayPal Group or the PayPal Non-U.S. Retirement Plan, as applicable.
As of the Effective Time and subject to the transfer described herein, eBay and the eBay Non-U.S. Retirement Plans shall be relieved of all Liabilities for those benefits transferred and PayPal shall, and shall cause the PayPal Non-U.S. Retirement Plan, to assume all Liabilities under the eBay Non-U.S. Retirement Plans for the benefits of PayPal Group Employees and, if applicable, Former PayPal Group Employees determined immediately prior to the Effective Time.
Without limiting the generality of the foregoing, SpinCo Employees will cease to be active participants in the YUM Non-U.S. Retirement Plans effective as of the Distribution Date and no SpinCo Employee will accrue any benefits under any YUM Non-U.S. Retirement Plan for periods after the Distribution Date.
In the event any Non-U.S. Retirement Plan is a defined benefit plan, then if permissible under applicable Law, the Parties shall cooperate to transfer the Assets and Liabilities, with respect to the benefits of PayPal Group Employees and Former PayPal Group Employees, in a manner reasonably acceptable to the Parties in consultation with the applicable actuary for, or other relevant third-party administrator or other service provider of, any such plan.
Without limiting the generality of the foregoing, SpinCo Employees will cease to be active participants in the Parent Non-U.S. Retirement Plans effective as of the Distribution Date and no SpinCo Employee will accrue any benefits under any Parent Non-U.S. Retirement Plan for periods after the Distribution Date.