Establishment of Plans. The School Corporation agrees to establish and maintain a VEBA Plan, consistent with all applicable federal statutes, rules and regulations regarding establishment of, and participation in, a VEBA Plan, for all certified employees covered under this Agreement. The School Corporation also agrees to establish and maintain a 403(b) plan and a 457 plan for all certified employees covered under this agreement.
Establishment of Plans. As of the Operational Separation Date, Spinco shall, or shall cause an applicable member of the Spinco Group to, adopt Benefit Plans (and related trusts, if applicable), with terms comparable (or such other standard as is specified in this Agreement with respect to any particular Benefit Plan) to those of the corresponding Parent Benefit Plans; provided, however, that Spinco may limit participation in any such Spinco Benefit Plan to Spinco Group Employees and Former Spinco Group Employees who participated in the corresponding Parent Benefit Plan immediately prior to the Operational Separation Date.
Establishment of Plans. As of the Operational Separation Date, Spinco shall establish the Spinco savings plans (the “Spinco Savings Plans”), each of which shall initially have substantially the same terms as those of the corresponding Parent Savings Plan as in effect immediately prior to the Operational Separation Date. As of the Operational Separation Date, Spinco shall provide Parent with (i) a copy of the Spinco Savings Plans; and (ii) a copy of certified resolutions of the Spinco Board (or its authorized committee or other delegate) evidencing adoption of the Spinco Savings Plans and the related trust(s) and the assumption by the Spinco Savings Plan of the Liabilities described in Section 5.03(b).
Establishment of Plans. Before the Effective Time, SpinCo shall, or shall cause an applicable member of the SpinCo Group to, adopt Benefit Plans (and related trusts, if applicable), with terms comparable (or such other standard as is specified in this Agreement with respect to any particular Benefit Plan) to those of the corresponding KAR Benefit Plans. The U.S. KAR Benefit Plans are listed on Schedule 2.03(a)(i) and the Canadian KAR Benefit Plans are listed on Schedule 2.03(a)(ii). SpinCo may limit participation in any such SpinCo Benefit Plan to SpinCo Group Employees and Former SpinCo Group Employees who participated in the corresponding KAR Benefit Plan immediately prior to the Effective Time. SpinCo shall, or shall cause an applicable member of the SpinCo Group to, adopt such other Benefit Plans as specified in this Agreement.
Establishment of Plans. Effective Immediately after the Distribution Date, Tronox and the Tronox Entities shall assume and be solely responsible for all liabilities to or relating to Transferred Individuals under the defined benefit portion of the Xxxx-XxXxx Benefits Restoration Plan and under the Xxxx-XxXxx Corporation Chemical Division Nonqualified Retirement Plan.
Establishment of Plans. Effective as of the Distribution Date or such later date(s) as Potlatch and Clearwater may mutually agree in writing:
Establishment of Plans. As of the Operational Separation Date, UpstreamCo shall, or shall cause an applicable member of the UpstreamCo Group to, adopt Benefit Plans (and related trusts, if applicable), with terms comparable (or such other standard as is specified in this Agreement with respect to any particular Benefit Plan) to those of the corresponding Parent Benefit Plans; provided, however, that UpstreamCo may limit participation in any such UpstreamCo Benefit Plan to UpstreamCo Group Employees and Former UpstreamCo Group Employees who participated in the corresponding Parent Benefit Plan immediately prior to the Operational Separation Date.
Establishment of Plans. As of the Operational Separation Date, UpstreamCo shall establish the UpstreamCo Savings Plans, each of which shall initially have substantially the same terms as those of the corresponding Parent Savings Plan as in effect immediately prior to the Operational Separation Date. As of the Operational Separation Date, UpstreamCo shall provide Parent with (i) a copy of the UpstreamCo Savings Plans; and (ii) a copy of certified resolutions of the UpstreamCo Board (or its authorized committee or other delegate) evidencing adoption of the UpstreamCo Savings Plans and the related trust(s) and the assumption by the UpstreamCo Savings Plan of the Liabilities described in Section 5.03(b).
Establishment of Plans. (a) Circor shall establish the CIRCOR International, Inc. Retirement Plan for Salaried Employees (the "Circor Salaried Plan") and the CIRCOR International, Inc. Retirement Plan for Hourly Employees (the "Circor Hourly Plan"), to be effective immediately following the Distribution. Participants in the Xxxxx Industries, Inc. Retirement Plan for Salaried Employees (the "Xxxxx Salaried Plan") who are employees of the Circor Group immediately after the Distribution will become participants in the Circor Salaried Plan as of such time, and participants in the Xxxxx Industries, Inc. Hourly Pension Plan (the "Xxxxx Hourly Plan") who are employees of the Circor Group immediately after the Distribution will become participants in the Circor Hourly Plan as of such time. Eligible employees of the Circor Group after the Distribution shall become participants in the Circor Salaried Plan or the Circor Hourly Plan, as appropriate.
Establishment of Plans. Except as otherwise provided and subject to Section 9.06, Keysight shall, or shall cause an applicable member of the Keysight Group to, adopt Benefit Plans (and related trusts, if applicable), that are substantially similar in all Material Features (or such other standard as is specified in this Agreement with respect to any particular Benefit Plan) to those of the corresponding Agilent Benefit Plans (without derogating from Keysight’s ability to replicate the Material Features of certain Agilent Benefit Plans in a single Keysight Benefit Plan), effective as of the Operational Separation Date with respect to those plans listed on Schedule 2.04(a)(i), effective as of the Distribution Date with respect to those listed on Schedule 2.04(a)(ii) and effective as soon as practical after the Distribution Date with respect to those listed on Schedule 2.04(a)(iii); provided, however, that Keysight may limit participation in any such Keysight Benefit Plan to Keysight Group Employees and Subsequently Transferred Keysight Employees who participated in the corresponding Agilent Benefit Plan immediately prior to the Operational Separation Date, Transfer Date or the Effective Time, as applicable.
