Asset Transfer Valuation. Ford shall cause to be transferred from the GRP assets in cash or cash equivalents, or marketable securities reasonably acceptable to Visteon, that shall equal the projected benefit obligation, as defined in SFAS No. 87, of the liabilities related to the Group III Employees as of the Benefit Transition Date ("GRP PBO Value") determined by an independent actuary appointed by Ford ("Ford Actuary") in accordance with the principles stated below:
Appears in 4 contracts
Samples: Employee Transition Agreement (Visteon Corp), Employee Transition Agreement (Visteon Corp), Employee Transition Agreement (Visteon Corp)