Company Match. 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. As soon as possible following the Distribution Date (the "MATCH DATE"), Parent shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Parent Savings Plan, contribute to accounts of Xxxxx Xxxxxxx Employees under the Parent Savings Plan all matching contributions, if any, due to the Xxxxx Xxxxxxx Employees who participate in the Parent Savings Plan through the Distribution Date pursuant to the terms and conditions of the Parent Savings Plan. As soon as practicable following the end of the year in which the Distribution Date occurs, Xxxxx Xxxxxxx shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Xxxxx Xxxxxxx Savings Plan, contribute to the Xxxxx Xxxxxxx Savings Plan all matching contributions, if any, due under the terms and conditions of the Piper Jaffray Savings Plan to the Xxxxx Xxxxxxx Employees who participate in the Xxxxx Xxxxxxx Savings Plan from the Distribution Date through the end of the year in which the Distribution Date occurs.
Appears in 2 contracts
Samples: Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies)
Company Match. 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. As soon as possible following the Distribution Date (the "MATCH DATE"), Parent shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Parent Savings Plan, contribute to accounts of Xxxxx Xxxxxxx Employees under the Parent Savings Plan all matching contributions, if any, due to the Xxxxx Xxxxxxx Employees who participate in the Parent Savings Plan through the Distribution Date pursuant to the terms and conditions of the Parent Savings Plan. As soon as practicable following the end of the year in which the Distribution Date occurs, Xxxxx Xxxxxxx shall, to the extent (a) permissible under Treasury regulations and (b) such contributions are deemed to be qualified contributions, pursuant to compliance testing of the Xxxxx Xxxxxxx Savings Plan, contribute to the Xxxxx Xxxxxxx Savings Plan all matching contributions, if any, due under the terms and conditions of the Piper Jaffray Xxxxx Xxxxxxx Savings Plan to the Xxxxx Xxxxxxx Employees who participate in the Xxxxx Xxxxxxx Savings Plan from the Distribution Date through the end of the year in which the Distribution Date occurs.
Appears in 2 contracts
Samples: Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies)