Examples of Parent Deferred Compensation Plan in a sentence
Parent shall, or shall cause a member of the Parent Group to, assume and retain all Liabilities and Assets with respect to the Parent Deferred Compensation Plans and related rabbi trusts with respect to Employees and Former Employees, whether arising before, on or after the Distribution Date and no member of the SpinCo Group shall assume or retain any Liabilities and Assets with respect to such Parent Deferred Compensation Plan and the related rabbi trust.
If the amount in the relevant currency that may be so purchased for any reason falls short of the amount originally due, the Issuer and the Company will pay such additional amounts, in the relevant currency, as may be necessary to compensate for the shortfall.
Parent shall retain all Liability with respect to the Parent Deferred Compensation Plan with respect to Employees and Former Employees, whether arising before, on or after the Distribution Date.
Full cover / Full coverage applies to selected benefit items only, while other benefit items are not fully covered and are subject to respective benefit item’s limits.
Any election made by a SpinCo Group Employee, Former SpinCo Group Employee and Transferred Director under the Parent Deferred Compensation Plan, including without limitation those with respect to compensation deferral, investments, optional forms of benefit, benefit commencement and beneficiaries, shall be recognized for the same purposes under the SpinCo Deferred Compensation Plan.