Common use of Employee Stock Ownership Plan Clause in Contracts

Employee Stock Ownership Plan. After the Effective Time, D&B, Cognizant and ACNielsen shall each establish an ESOP for the benefit of their respective employees, but only to the extent required by any letter ruling issued by the Service with respect to the Distribution.

Appears in 5 contracts

Sources: Employee Benefits Agreement (Acnielsen Corp), Employee Benefits Agreement (Cognizant Corp), Employee Benefits Agreement (Acnielsen Corp)