Common use of IMS Health Retirement Plan Clause in Contracts

IMS Health Retirement Plan. (a) As of the Effective Time, (herein referred to as the "IMS Health Retirement Plan Effective Date"), IMS Health shall establish the IMS Health Retirement Plan for the benefit of IMS Health Employees, IMS Disabled Employees IMS Health Retirees and IMS Health Transitional Employees who were participants in the Corporation Retirement Plan immediately prior to the Effective Time (the "IMS Health Transferred Retirement Plan Employees"). On the first business day after the Effective Time (the "Initial IMS Health Retirement Plan Transfer Date"), Corporation shall cause the trustee of the Corporation Retirement Plan to segregate, based on a good faith estimate made in accordance with the spinoff provisions set forth under Section 414(l) of the Code, the assets of the Corporation Retirement Plan allocable to IMS Health Transferred Retirement Plan Employees in an amount equal to the sum of (i) and (ii), as follows:

Appears in 2 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Cognizant Corp)

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IMS Health Retirement Plan. (a) As of the Effective Time, (herein referred to as the "IMS Health Retirement Plan Effective Date"), IMS Health shall establish the IMS Health Retirement Plan for the benefit of IMS Health Employees, IMS Disabled Employees Employees, IMS Health Retirees and IMS Health Transitional Employees who were participants in the Corporation Retirement Plan immediately prior to the Effective Time (the "IMS Health Transferred Retirement Plan Employees"). On the first business day after the Effective Time (the "Initial IMS Health Retirement Plan Transfer Date"), Corporation shall cause the trustee of the Corporation Retirement Plan to segregate, based on a good faith estimate made in accordance with the spinoff provisions set forth under Section 414(l) of the Code, the assets of the Corporation Retirement Plan allocable to IMS Health Transferred Retirement Plan Employees in an amount equal to the sum of (i) and (ii), as follows:

Appears in 2 contracts

Samples: Employee Benefits Agreement (Ims Health Inc), Employee Benefits Agreement (Ims Health Inc)

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