Common use of Foreign Retirement Plans Clause in Contracts

Foreign Retirement Plans. Crown and Constar shall use their reasonable best efforts so that, as soon as practicable after the Closing Date, all Crown Foreign Plans which provide retirement benefits solely to Active Constar Employees and Former Constar Employees shall be assumed by Constar together with all related assets and liabilities and neither the Crown Group nor any Crown Group Plan shall retain any liability with respect to such Foreign Plans.

Appears in 6 contracts

Samples: Benefits Allocation Agreement, Benefits Allocation Agreement, Benefits Allocation Agreement (Constar International Inc)

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