TAXCAP definition
Examples of TAXCAP in a sentence
Effective as of the Distribution Date, Agilent ------------ shall establish, or cause to be established, a separate trust, which is intended to be qualified under Code Section 401(a), exempt from taxation under Code Section 501(a)(1), and forming the Agilent TAXCAP.
Effective as of the Distribution Date: (i) the Agilent TAXCAP shall assume and be solely responsible for all Liabilities for or relating to Agilent Transferred Employees under the HP TAXCAP; and (ii) HP shall cause the accounts of the Agilent Transferred Employees under the HP TAXCAP that are held by its related trust as of the Distribution Date to be transferred to the Agilent TAXCAP and its related trust, and Agilent shall cause such transferred accounts to be accepted by such plan and its related trust.
The HP TAXCAP ------------------------------------------------ and the Agilent TAXCAP shall provide that no distribution of account balances shall be made to any Agilent Transferred Employee on account of the Agilent Group ceasing to be an Affiliate of the HP Group as of the Distribution Date.
As soon as reasonably practicable after the Distribution Date, Agilent shall use its commercially reasonable best efforts to enter into agreements satisfactory to Agilent to accomplish such assumption and transfer, the maintenance of the necessary participant records, the appointment of Fidelity Management Trust Company as the initial trustee under the Agilent TAXCAP, and the engagement of Fidelity Institutional Retirement Services Company as the initial recordkeeper under the Agilent TAXCAP.
When immediately preceded by "Agilent," "TAXCAP" means the stock bonus, defined contribution plan to be established by Agilent pursuant to Sections 2.2 and 4.1 that corresponds to the HP TAXCAP.
As a result of the ---------------------------------------- spin-off of the HP TAXCAP, both the resulting HP TAXCAP and Agilent TAXCAP shall be comprised in part of HP and Agilent employer securities.
TAXCAP," when immediately preceded by "HP," means the HP ------ Tax Saving Capital Accumulation Plan, a stock bonus, defined contribution plan.
As a result of the ---------------------------------------- spin- off of the HP TAXCAP, both the resulting HP TAXCAP and Agilent TAXCAP shall be comprised in part of HP and Agilent employer securities.