Examples of Scripps Plan in a sentence
The Company has assumed the deferred compensation obligations under the Scripps Plan with respect to SNI Participants (“Assumed Amounts”) pursuant to the terms of the Employee Matters Agreement.
Likewise, actions that intentionally exclude, taunt, or intimidate are not allowed.
The Company shall not assume the deferred compensation obligations under the Scripps Plan with respect to any EWS Participants that become employed by the Affiliated Group after the Effective Date.
As a result of such crediting, all of the Participant’s rights with respect to the Assumed Amounts under the Scripps Plan, if any, shall automatically be extinguished and become rights under Part One of this Plan without further action.
The individual’s Deferral Elections and Payment Elections that were controlling under the Scripps Plan immediately prior to that date shall continue to apply to Base Compensation and Incentive Compensation paid by the Affiliated Group for the remainder of the period or periods for which such elections or designations are by their original terms applicable.
The Assumed Amounts credited to Accounts hereunder (whether under Part One or Part Two of the Plan, as set forth in Section 1.4) shall remain subject to the same elections (including investment elections, Deferral Elections and Payment Elections) and Beneficiary designations that were controlling under the Scripps Plan immediately prior to the Effective Date for the remainder of the period or periods for which such elections or designations are by their original terms applicable.
The Plan is maintained to provide for the payment of certain amounts deferred under the Scripps Plan and to provide certain eligible employees with the opportunity to defer portions of their base salary and incentive compensation.
As a result of such crediting, all of the Participant’s rights with respect to the Assumed Amounts under the Scripps Plan, if any, shall automatically be extinguished and become rights under Part Two of this Plan without further action.
Except as otherwise provided under this Article 1, Part One of the Plan shall be governed by the terms and conditions of the Scripps Plan as in effect on October 3, 2004, which is reproduced on Appendix A (but with all references to Scripps or the Company changed to Scripps Networks Interactive, Inc.
In order to comply with Section 409A of the Code, the Plan is divided into two parts, one of which is named “Part One” and the other of which is named “Part Two.” Except as otherwise provided under this Article 1, Part One of the Plan shall be governed by the terms and conditions of the Scripps Plan as in effect on October 3, 2004, which is reproduced on Appendix A (but with all references to Scripps or the Company changed to Journal Media Group, Inc.