Common use of Delphi Payments for Benefit Avoidance Clause in Contracts

Delphi Payments for Benefit Avoidance. (i) Consistent with the applicable Benefit Guarantee Term Sheet, neither Delphi, a successor company, nor any Delphi operation divested after October 8, 2005 shall provide to Covered Employees any payments, contributions (matching or otherwise), or accruals to any defined benefit plan, defined contribution plan, or retiree welfare benefit plan (including, but not limited to payments, contributions, or accruals in a retiree medical account):

Appears in 5 contracts

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

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Delphi Payments for Benefit Avoidance. (i) Consistent with the applicable Benefit Guarantee Term Sheet, neither Delphi, a successor company, nor any Delphi operation divested after October 8, 2005 shall provide to Covered Employees any payments, contributions (matching or otherwise), or accruals to any defined benefit plan, defined contribution plan, or retiree welfare benefit plan (including, but not limited to payments, contributions, or accruals in a retiree medical account):): GSA-24

Appears in 1 contract

Samples: Global Settlement Agreement

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