Common use of Continuation of Elections Clause in Contracts

Continuation of Elections. Effective as of the Distribution Date, SpinCo (acting directly or through one or more members of the SpinCo Group) shall cause the SpinCo Savings Plan to recognize and maintain all existing elections, including, but not limited to, deferral, investment, and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Plan Participants under the RemainCo Savings Plan, to the extent such election or designation is available under the SpinCo Savings Plan.

Continuation of Elections. Effective as of the Distribution Date, SpinCo (acting directly or through one or more members a member of the SpinCo Group) shall cause the SpinCo Savings Pension Plan to recognize and maintain all existing elections, including, but not limited to, deferral, investment, and payment form elections, beneficiary designations, payment form elections and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Pension Plan Participants under the RemainCo Savings Plan, to the extent such election or designation is available under the SpinCo Savings Pension Plan.

Continuation of Elections. Effective as of the Distribution Date, SpinCo (acting directly or through one or more members of the SpinCo Group) shall cause the SpinCo Savings Sales Executives Plan to recognize and maintain all existing elections, including, but not limited to, deferral, investment, investment and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Sales Executives Plan Participants under the RemainCo Savings Sales Executives Plan, to the extent such election or designation is available under the SpinCo Savings Sales Executives Plan.

Continuation of Elections. Effective as As of the Distribution Date, SpinCo (acting directly or through one or more members a member of the SpinCo Group) shall cause the SpinCo Savings Plan SERP to recognize and maintain all existing elections, including, but not limited to, elections (including deferral, investment, distribution and payment form investment elections, ) and beneficiary designations, and the rights of alternate payees under qualified domestic relations orders designations with respect to SpinCo Savings Plan Participants under the RemainCo Savings Plan, SERP to the extent such election elections or designation is designations are available under the SpinCo Savings PlanSERP until a new election that by its terms supersedes such original election is made by the SpinCo Participant in accordance with applicable law and the terms and conditions of the SpinCo SERP.

Continuation of Elections. Effective Subject to Section Section 7.4, as of the Distribution DateTime, SpinCo Spinco (acting directly or through one or more members of the SpinCo Groupits Affiliates) shall cause the SpinCo Spinco Savings Plan to recognize and maintain all existing elections, Quanex Savings Plan elections including, but not limited to, deferral, investment, and payment form elections, beneficiary designations, and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Plan Participants under the RemainCo Savings PlanSpinco Participants, to the extent such election or designation is available under the SpinCo Spinco Savings Plan.

Continuation of Elections. Effective as As of the Distribution DateTime, SpinCo Spinco (acting directly or through one or more members of the SpinCo Groupan Affiliate) shall cause the SpinCo Savings Spinco Supplemental Benefit Plan to recognize and maintain all existing elections, including, but not limited to, elections (including deferral, investment, distribution and payment form investment elections, ) and beneficiary designations, and the rights of alternate payees under qualified domestic relations orders designations with respect to SpinCo Savings Plan Spinco Participants under the RemainCo Savings Plan, Quanex Supplemental Benefit Plan to the extent such election elections or designation is designations are available under the SpinCo Savings Spinco Supplemental Benefit Plan until a new election that by its terms supersedes such original election is made by the Spinco Participant in accordance with applicable law and the terms and conditions of the Spinco Supplemental Benefit Plan.

Continuation of Elections. Effective as As of the Distribution DateTime, SpinCo Spinco (acting directly or through one or more members of the SpinCo Groupits Affiliates) shall cause the SpinCo Savings Plan Spinco Welfare Plans to recognize and maintain all existing electionselections and designations (including all coverage and contribution elections and beneficiary designations) made by Spinco Participants under, including, but not limited or with respect to, deferral, investment, the Quanex Welfare Plans and payment form elections, beneficiary designations, apply such elections and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Plan Participants designations under the RemainCo Savings PlanSpinco Welfare Plans for the remainder of the period or periods for which such elections or designations are by their original terms applicable, to the extent such election or designation is available under the SpinCo Savings corresponding Spinco Welfare Plan.

Continuation of Elections. Effective as As of the Distribution DateTime, SpinCo Spinco (acting directly or through one or more members of the SpinCo Groupan Affiliate) shall cause the SpinCo Savings Spinco Supplemental Pension Plan to recognize and maintain all existing elections, including, but not limited to, elections (including deferral, investment, distribution and payment form investment elections, ) and beneficiary designations, and the rights of alternate payees under qualified domestic relations orders designations with respect to SpinCo Savings Plan Spinco Participants under the RemainCo Savings Plan, Quanex Supplemental Pension Plan to the extent such election elections or designation is designations are available under the SpinCo Savings Spinco Supplemental Pension Plan until a new election that by its terms supersedes such original election is made by the Spinco Participant in accordance with applicable law and the terms and conditions of the Spinco Supplemental Pension Plan.

Continuation of Elections. Effective as As of the Distribution Date, SpinCo Spinco (acting directly or through one or more members of the SpinCo Groupits Affiliates) shall cause the SpinCo Savings Spinco Pension Plan to recognize and maintain all existing elections, including, but not limited to, deferral, investment, and payment form elections, beneficiary designations, payment form elections and the rights of alternate payees under qualified domestic relations orders with respect to SpinCo Savings Spinco Pension Plan Participants under the RemainCo Savings Plan, to the extent such election or designation is available under the SpinCo Savings Quanex Employees Pension Plan.