Common use of Cessation of Participation Clause in Contracts

Cessation of Participation. (a) The participation of the BHGE Entities in the GE UK Pension Plan shall cease with effect from the Exit Date in accordance with the governing rules of the GE UK Pension Plan.

Appears in 2 contracts

Samples: Employee Benefits Matters Agreement, Employee Benefits Matters Agreement

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Cessation of Participation. (a) The participation of the BHGE Entities in the GE UK Pension Plan shall cease with effect from the Exit Date in accordance with the governing rules of the GE UK Pension Plan. (b) The participation of the BHGE Entities in the Dutch Pension Plan shall cease with effect from the exit date as prescribed under the governing provisions of that arrangement and the Parties shall ensure that any notice required to give effect to that exit is given so as to ensure the BHGE Entities cease participation as soon as reasonably practicable after December 31, 2018.

Appears in 1 contract

Samples: Employee Benefits Matters Agreement (Baker Hughes a GE Co)

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Cessation of Participation. (a) The participation of the BHGE Entities in the GE UK Pension Plan shall cease with effect from the Exit Date in accordance with the governing rules of the GE UK Pension Plan. (b) The participation of the BHGE Entities in the Dutch Pension Plan shall cease with effect from the exit date as prescribed under the governing provisions of that arrangement and the Parties shall ensure that any notice required to give effect to that exit is given so as to ensure the BHGE Entities cease participation as soon as reasonably practicable after December 31, 2018. ARTICLE III GE US PENSION PLAN AND GE RETIREMENT SAVINGS PLAN

Appears in 1 contract

Samples: Employee Benefits Matters Agreement (BAKER HUGHES a GE Co LLC)

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