Company Incentive Plans. (a) The Company shall be responsible for the payment of all liabilities and obligations for benefits due and payable or unpaid as of and through the Cut-off Date under each Company Incentive Plan with respect to any Prior Plan Year (other than the Current Plan Year). Any deferred bonuses that were earned with respect to any Prior Plan Year that are not paid as of the Cut-off Date shall be treated as benefits for the Current Plan Year in accordance with Section 2.07(b).
Appears in 4 contracts
Samples: Employee Benefits Allocation Agreement (New Morton International Inc), Employee Benefits Allocation Agreement (Autoliv Inc), Employee Benefits Allocation Agreement (Autoliv Inc)
