Common use of Delphi Obligation for Delphi Active PRP Participants Clause in Contracts

Delphi Obligation for Delphi Active PRP Participants. For active Delphi PRP participants included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation (“Incremental PRP Obligation”) through a direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU. The Incremental PRP Obligation shall equal the difference between:

Appears in 2 contracts

Samples: Global Settlement Agreement (General Motors Corp), Global Settlement Agreement (Delphi Corp)

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Delphi Obligation for Delphi Active PRP Participants. For To the extent thatFor active Delphi PRP participants are included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation ("Incremental PRP Obligation") through a an increase in the value of the Note ora direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU. The Incremental PRP Obligation shall equal the difference between:

Appears in 1 contract

Samples: Settlement Agreement

Delphi Obligation for Delphi Active PRP Participants. For To the extent that active Delphi PRP participants are included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Datetransfer, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation (“Incremental PRP Obligation”) through a an increase in the value of the Note or direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOUDate. The Incremental PRP Obligation shall equal the difference between:

Appears in 1 contract

Samples: Global Settlement Agreement (General Motors Corp)

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Delphi Obligation for Delphi Active PRP Participants. For active Delphi PRP participants included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation ("Incremental PRP Obligation") through a direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU. The Incremental PRP Obligation shall equal the difference between:

Appears in 1 contract

Samples: Master Restructuring Agreement

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