Examples of Parent Savings Plan in a sentence
Any outstanding participant loans to Xxxxx Xxxxxxx Employees who elect a transfer under the Parent Savings Plan of their account to the Xxxxx Xxxxxxx Savings Plan shall be transferred to the Xxxxx Xxxxxxx Savings Plan in kind.
Xxxxx Xxxxxxx will cause the Xxxxx Xxxxxxx Savings Plan to accept direct and indirect rollovers from the Parent Savings Plan of any account balances of such Xxxxx Xxxxxxx Employees in accordance with the applicable provisions of the Code.
In determining whether an ElderCare Individual is vested in his or her account under the ElderCare Savings Plan, the ElderCare Savings Plans shall credit each ElderCare Individual with all the ElderCare Individual's service credited under the Parent Savings Plan.
Prior to the Distribution, Parent shall amend the Parent Savings Plan to provide for the making of matching contributions under the Parent Savings Plan to Xxxxx Xxxxxxx Employees for contributions made to the Parent Savings Plan by such Xxxxx Xxxxxxx Employees on or prior to the Distribution Date.
Parent agrees to provide to ElderCare, as soon as practicable after the Distribution Date, a list of the ElderCare Individuals who were participants in or are otherwise entitled to benefits under the Parent Savings Plan, including descriptions of their respective account balances and the protected benefits (within the meaning of Section 411(d)(6) of the Code) attached to their accounts.