Common use of Establishment of UpstreamCo Nonqualified Plans Clause in Contracts

Establishment of UpstreamCo Nonqualified Plans. Effective as of the Operational Separation Date, UpstreamCo shall establish the UpstreamCo Nonqualified Plans. Each of the UpstreamCo Nonqualified Plans shall initially have substantially the same terms as those of the corresponding Parent Divided Nonqualified Plan as in effect 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)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!