Common use of Funding of Tronox Rabbi Trust Clause in Contracts

Funding of Tronox Rabbi Trust. As soon as practicable after the Close of the Distribution Date, Xxxx-XxXxx shall determine the amount of the liabilities under the Xxxx-XxXxx Executive Benefit Plans that are payable from the Xxxx-XxXxx Rabbi Trust as of the Distribution Date and the amount of such liabilities attributable to Transferred Individuals. Xxxx-XxXxx shall then transfer to the trustee of the Tronox Rabbi Trust an amount equal to the projected benefit obligation of liabilities attributable to Transferred Individuals, to the extent such liabilities are funded under the Xxxx-XxXxx Rabbi Trust as of the Distribution Date (the “Rabbi Trust Transfer Amount”). Assets shall be transferred from Xxxx-XxXxx to the Tronox Rabbi Trust in a manner similar to that used to transfer the assets from the Xxxx-XxXxx Pension Trust to the Tronox Pension Trust described in Section 4.03.

Funding of Tronox Rabbi Trust. As soon as practicable after the Close of the Distribution Date, Xxxx-XxXxx shall determine the amount of the liabilities under the Xxxx-XxXxx Executive Benefit Plans that are payable from the Xxxx-XxXxx Rabbi Trust as of the Distribution Date and the amount of such liabilities attributable to Transferred Individuals. Xxxx-XxXxx shall then transfer to the trustee of the Tronox Rabbi Trust an amount equal to the projected benefit obligation of liabilities attributable to Transferred Individuals, to the extent such liabilities are funded under the Xxxx-XxXxx Rabbi Trust as of the Distribution Date (the “"Rabbi Trust Transfer Amount”"). Assets shall be transferred from Xxxx-XxXxx to the Tronox Rabbi Trust in a manner similar to that used to transfer the assets from the Xxxx-XxXxx Pension Trust to the Tronox Pension Trust described in Section 4.03.