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