Asset Transfer. Prior to the Closing Date, all Active Constar Employees (and Former Constar Employees, if applicable) currently participating in the Crown ESPP shall be given an election to have the total amount of cash credited to their account under the Crown ESPP as of the Closing Date returned to them in a cash lump sum payment (without interest) or to have such amount transferred to the Constar ESPP.
Appears in 5 contracts
Samples: Benefits Allocation Agreement, Benefits Allocation Agreement (Constar International Inc), Benefits Allocation Agreement (Constar International Inc)
Asset Transfer. Prior to the Closing Date, all Active Constar Employees (and Former Constar Employees, if applicable) currently participating in the Crown ESPP shall be given an election to have the total amount of cash credited to their account under the Crown ESPP as of the Closing Date returned to them in a cash lump sum payment (without interest) or to have such amount transferred to the Constar ESPP.. ARTICLE VII
Appears in 1 contract
Samples: Benefits Allocation Agreement
