Examples of Xxxxxxx Employees in a sentence
Parent shall be responsible for administering compliance with the health care continuation requirements of COBRA, the certificate of creditable coverage requirements of HIPAA, and the corresponding provisions of the Parent Health and Welfare Plans with respect to Xxxxx Xxxxxxx Employees and their covered dependents who incur a COBRA qualifying event or loss of coverage under the Parent Health and Welfare Plans at any time on or before December 31, 2003.
Notwithstanding the foregoing, the Xxxxx Xxxxxxx Savings Plan shall not be required to accept a rollover of any Parent Common Stock that is held in the accounts of Xxxxx Xxxxxxx Employees.
Xxxxx Xxxxxxx will cause the Xxxxx Xxxxxxx Savings Plan to accept direct and indirect rollovers from the Parent Savings Plan of any account balances of such Xxxxx Xxxxxxx Employees in accordance with the applicable provisions of the Code.
Xxxxxxx [Employee's Name ▲ Please Type or Print] Date Signed: Date Signed: Company's Current Address: Employee's Current Address: SPAR Group, Inc.
Any outstanding participant loans to Xxxxx Xxxxxxx Employees who elect a transfer under the Parent Savings Plan of their account to the Xxxxx Xxxxxxx Savings Plan shall be transferred to the Xxxxx Xxxxxxx Savings Plan in kind.
Following the Distribution Date, Xxxxx Xxxxxxx shall use its reasonable best efforts to monitor the Xxxxx Xxxxxxx Employees and Former Xxxxx Xxxxxxx Employees to determine whether any such Xxxxx Xxxxxxx Employees or Former Xxxxx Xxxxxxx Employees have breached any of the restrictive covenants in the agreements evidencing the terms of their Parent Options and Parent Awards.
Effective as of the Distribution Date, Xxxxx Xxxxxxx shall assume and be solely responsible for all Liabilities of Parent for, or relating to, benefits accrued through the Distribution Date by or with respect to Xxxxx Xxxxxxx Employees and Former Xxxxx Xxxxxxx Employees under the Parent Non-Qualified Retirement Plan and the Xxxxx Xxxxxxx Non-Qualified Retirement Plan.
All Xxxxx Xxxxxxx Employees shall continue to be employees of Xxxxx Xxxxxxx or another Xxxxx Xxxxxxx Entity, as the case may be, immediately after the Distribution.
Prior to the Distribution, Parent shall amend the Parent Savings Plan to provide for the making of matching contributions under the Parent Savings Plan to Xxxxx Xxxxxxx Employees for contributions made to the Parent Savings Plan by such Xxxxx Xxxxxxx Employees on or prior to the Distribution Date.
Effective as of the Distribution Date, Xxxxx Xxxxxxx shall establish a non-qualified pension plan (the "XXXXX XXXXXXX NON-QUALIFIED RETIREMENT PLAN") that is substantially identical to the Parent Non-Qualified Retirement Plan to provide benefits to Xxxxx Xxxxxxx Employees and Former Xxxxx Xxxxxxx Employees from and after the Distribution Date who were participants in the Parent Non-Qualified Retirement Plan as of immediately prior to the Distribution Date.