Common use of Vesting of Benefits Clause in Contracts

Vesting of Benefits. Notwithstanding anything herein to the contrary, WMB shall take all steps necessary, including amending any WMB DB Plan, so that, as of the Benefits Commencement Date, each WPX Employee and Delayed Transfer Employee who is a participant in a WMB DB Plan shall be fully vested in his or her benefits under each WMB DB Plan in which such WPX Employee participated while an employee of a member of the WMB Group.

Appears in 2 contracts

Samples: Employee Matters Agreement (WPX Energy, Inc.), Employee Matters Agreement (Williams Companies Inc)

AutoNDA by SimpleDocs

Vesting of Benefits. Notwithstanding anything herein to the contrary, WMB shall take all steps necessary, including amending any WMB DB Plan, so that, as of the Benefits Commencement Date, each WPX Employee and (other than the Delayed Transfer Employee Employees) who is a participant in a WMB DB Plan shall be fully vested in his or her benefits under each WMB DB Plan in which such WPX Employee participated while an employee of a member of the WMB Group.

Appears in 2 contracts

Samples: Employee Matters Agreement (WPX Energy, Inc.), Employee Matters Agreement (WPX Energy, Inc.)

Vesting of Benefits. Notwithstanding anything herein to the contrary, WMB shall take all steps necessary, including amending any the WMB DB DC Plan, so that, as of the Benefits Commencement Date, each WPX Employee and (other than the Delayed Transfer Employee who is a participant in a WMB DB Plan Employees) shall be fully vested in his or her benefits under each the WMB DB DC Plan in which such WPX Employee participated while an employee of a member of the WMB Group.

Appears in 2 contracts

Samples: Employee Matters Agreement (WPX Energy, Inc.), Employee Matters Agreement (WPX Energy, Inc.)

AutoNDA by SimpleDocs

Vesting of Benefits. Notwithstanding anything herein to the contrary, WMB shall take all steps necessary, including amending any the WMB DB DC Plan, so that, as of the Benefits Commencement Date, each WPX Employee and Delayed Transfer Employee who is a participant in a WMB DB Plan shall be fully vested in his or her benefits under each the WMB DB DC Plan in which such WPX Employee participated while an employee of a member of the WMB Group.

Appears in 2 contracts

Samples: Employee Matters Agreement (WPX Energy, Inc.), Employee Matters Agreement (Williams Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.