RSPSP definition
Examples of RSPSP in a sentence
Effective no later than Immediately after the Distribution Date, Lucent shall use its reasonable best efforts to enter into such agreements satisfactory to Lucent to accomplish such assumptions and transfers, the maintenance of the necessary participant records, the appointment of Fidelity Institutional Trust Company as initial trustee under the Lucent LTSPME and the Lucent RSPSP, and the engagement of Fidelity Records Management Company as initial recordkeeper under such plans.
Effective Immediately after the Distribution Date, Lucent shall establish, or cause to be established, separate trusts qualified under Code Section 401(a), exempt from taxation under Code Section 501(a)(1), and forming part of the Lucent LTSPME and Lucent RSPSP, which shall be participating trusts in the AT&T Management Savings Group Trust.
Lucent shall take such action as is necessary to ensure that participants in the Lucent LTSSP, the Lucent LTSPME, and the Lucent RSPSP are notified that a quiet period will occur beginning on or about October 1, 1996, during which changes in investment direction with respect to participants' accounts generally will not be permitted.
The Seller's parent shall reserve the right to settle the benefit obligations of the Retirement Income Plan and RSPSP in a manner that it so chooses subject to the Plan provisions, regulatory and statutory requirements imposed upon the plans by the Internal Revenue Service (the "IRS") and Department of Labor (the "DOL").
To the extent the Seller will make an additional matching or discretionary profit-sharing contribution following the close of the calendar year which includes the Closing Date with respect to such calendar year, the Seller will add to the RSPSP account of each Transferred Employee who is an eligible participant a pro-rata additional contribution for such calendar year based on the Transferred Employee's matchable contributions and recognizable pay determined through the Closing Date.
Within forty-five (45) calendar days after the Closing Date, Seller shall provide to Buyer Sub such information as Buyer Sub reasonably requires to establish the service for the Transferred Employees credited under the Seller's parent's RSPSP and the 401(k) Plan of the Seller.
When immediately preceded by "Lucent," RSPSP means the savings plan to be established by Lucent pursuant to Section 2.3 that corresponds to the AT&T RSPSP.
All benefits accrued by the Transferred Employees under the Retirement Income Plan of Seller's parent, Wachovia Corporation (the "Retirement Income Plan") and the Retirement Savings and Profit-Sharing Plan of Seller's parent, Wachovia Corporation (the "RSPSP") based on services rendered by the Transferred Employees to the Seller prior to the Closing Date, shall automatically become fully vested according to the Plans to the extent such accrued benefits are not fully vested.