Predecessor Plans definition
Examples of Predecessor Plans in a sentence
The Executive may continue to participate in each such Predecessor Plan, in accordance with and subject to each such Predecessor Plan's terms and conditions, as may be modified or amended from time to time by the Employer, until such time as the Employer terminates any such Predecessor Plan.
The Predecessor Corporations maintained similar plans prior to the respective spin-offs (the “Predecessor Plans”), and the Plan was created to continue service accruals under the Predecessor Plans.
Benefits accrued under Predecessor Plans which are in pay status on the Effective Date shall continue to be paid in accordance with the provisions of the Predecessor Plans.
Eligibility for pre-inception benefits will continue as set out in the Predecessor Plans.
Upon the Effective Date of the Plan, all Deferred Compensation Accounts shall become subject to the terms and conditions of this Plan in lieu of the terms and conditions of the Predecessor Plans, except as provided in Section 11.18 hereof.