Continuation of Elections. As of the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall cause the Spectra Energy Welfare Plans to recognize and maintain all elections and designations (including all coverage and contribution elections and beneficiary designations) made by Spectra Energy Participants under, or with respect to, the Duke Energy Welfare Plans and apply such elections and designations under the Spectra Energy 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 corresponding Spectra Energy Welfare Plan.
Appears in 3 contracts
Samples: Employee Matters Agreement (Duke Energy CORP), Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Spectra Energy Corp.)
Continuation of Elections. As of the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall cause the Spectra Energy Welfare Plans Retirement Plan to recognize and maintain all existing elections, including, but not limited to, beneficiary designations, payment form elections and designations (including all coverage and contribution elections and beneficiary designations) made by rights of alternate payees under qualified domestic relations orders with respect to Spectra Energy Retirement Plan Participants under, or with respect to, under the Duke Energy Welfare Plans and apply such elections and designations under the Spectra Energy 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 corresponding Spectra Energy Welfare Retirement Plan.
Appears in 3 contracts
Samples: Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Duke Energy CORP)
Continuation of Elections. As of the Distribution Date, Spectra Energy (acting directly or through its Affiliates) shall cause the Spectra Energy Welfare Plans 401(k) Plan to recognize and maintain all elections Duke Energy 401(k) Plan elections, including, but not limited to, deferral, investment, and designations (including all coverage and contribution elections and payment form elections, ESOP dividend elections, beneficiary designations) made by , and the rights of alternate payees under qualified domestic relations orders with respect to Spectra Energy Participants under, or with respect to, the Duke Energy Welfare Plans and apply such elections and designations under the Spectra Energy Welfare Plans for the remainder of the period or periods for which such elections or designations are by their original terms applicableParticipants, to the extent such election or designation is available under the corresponding Spectra Energy Welfare 401(k) Plan.
Appears in 3 contracts
Samples: Employee Matters Agreement (Duke Energy CORP), Employee Matters Agreement (Spectra Energy Corp.), Employee Matters Agreement (Spectra Energy Corp.)
