Deferred Compensation Deductions. Any Deferred Compensation Deduction arising after the Distribution shall be allocable to the Party (or the appropriate Affiliate of the Party) that employs the individual with respect to whom such Deferred Compensation Deduction arises at the time that it arises or, if such individual is not then employed by any Party or a Party’s Affiliate, by the Party with respect to which such individual was most recently employed.
Appears in 3 contracts
Samples: Tax Matters Agreement (Ingersoll-Rand PLC), Tax Matters Agreement (Allegion PLC), Tax Matters Agreement (Allegion PLC)
Deferred Compensation Deductions. Any Deferred Compensation Deduction arising after the Distribution shall be allocable to the Party (or the appropriate Affiliate of the Party) that employs the individual with respect to whom such Deferred Compensation Deduction arises at the time that it arises or, if such individual is not then employed by any Party or a Party’s Affiliate, by the Party with respect to which such individual was most recently employed.. ARTICLE
Appears in 2 contracts
Samples: Tax Matters Agreement, Tax Matters Agreement
