Establishment of Plans. As of the Operational Separation Date, UpstreamCo shall, or shall cause an applicable member of the UpstreamCo Group to, adopt Benefit Plans (and related trusts, if applicable), with terms comparable (or such other standard as is specified in this Agreement with respect to any particular Benefit Plan) to those of the corresponding Parent Benefit Plans; provided, however, that UpstreamCo may limit participation in any such UpstreamCo Benefit Plan to UpstreamCo Group Employees and Former UpstreamCo Group Employees who participated in the corresponding Parent Benefit Plan immediately prior to the Operational Separation Date.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Arconic Inc.), Employee Matters Agreement (Alcoa Corp)
