Continuation of Elections. As of the Plan Split Date, TimkenSteel (acting directly or through a member of the TimkenSteel Group) will cause the TimkenSteel Spinoff DB Plans to recognize and maintain all existing elections, including beneficiary designations, payment form elections and rights of alternate payees under qualified domestic relations orders with respect to TimkenSteel Employees and Former TimkenSteel Business Employees and their respective Plan Payees under the corresponding Split DB Plan.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (TimkenSteel Corp), Employee Matters Agreement (Timken Co)
Continuation of Elections. As of the Plan Split Distribution Date, or Applicable Transfer Date, TimkenSteel (acting directly or through a member of the TimkenSteel Group) will cause the TimkenSteel Spinoff DB DC Plans to recognize and maintain all existing elections, including investment and payment form elections, beneficiary designations, payment form elections and the rights of alternate payees under qualified domestic relations orders with respect to TimkenSteel Employees and Former TimkenSteel Business Employees and their respective Plan Payees under the corresponding Split DB DC Plan.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Timken Co), Employee Matters Agreement (TimkenSteel Corp)
