Common use of Delayed Transfer Employees Clause in Contracts

Delayed Transfer Employees. Notwithstanding any provision of this Employee Matters Agreement to the contrary, for purposes of this Article VII, the term “Bearings Employees” will not include Bearings Transferees, and the term “TimkenSteel Employees” will not include TimkenSteel Transferees. Timken and TimkenSteel will cooperate in good faith to address any loss a Delayed Transfer Employee experiences under a Split DB Plan or TimkenSteel Spinoff DB Plan by reason of such employee’s transfer described in Section 2.4.

Appears in 5 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Timken Co), Employee Matters Agreement (TimkenSteel Corp)

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