LUCENT SPLIT DOLLAR LIFE INSURANCE. Lucent and Avaya shall take all actions necessary or appropriate to assign to Avaya, effective as of the Distribution Date, Lucent's rights and interests, to the extent attributable to Avaya Individuals, in (a) the split dollar life insurance policies under the Executive Life Insurance Program issued by Metropolitan Life Insurance Company,(b) any additional split dollar life insurance program that may be implemented by Lucent before the Close of the Distribution Date, with respect to Avaya Individuals, effective Immediately after the Distribution Date, and (c) under the Lucent Non-Employee Director Plan issued by Hartford Life Insurance Company effective as of the Distribution Date (such policies, the "Assigned Split Dollar Policies"). Such actions shall include Avaya's acceptance of any collateral assignments, policy endorsements or such other documentation executed by or on behalf of Avaya Individuals and Avaya Non-Employee Directors, or any trustee of any trust to which such individual's policy rights or incidents of ownership under the Assigned Split Dollar Policies have been assigned, and Avaya's entering into such agreements as may be necessary to fulfill any obligations of Lucent to any insurance company or insurance agent or broker under the Assigned Split Dollar Policies. From and after the date of the assignment of any Assigned Split Dollar Policy to Avaya, Avaya shall assume and be solely responsible for all Liabilities, and shall be entitled to all benefits, of Lucent under such policy and under the Executive Life Insurance Program, the Lucent Non-Employee Director Plan and any additional split dollar life insurance program that may be implemented by Lucent before the Close of the Distribution Date, as the case may be, with respect to such policies, and any related agreements entered into by Avaya Individuals or Avaya Non-Employee Directors. This Section 6.7 shall not apply to the split dollar life insurance policies purchased under the Lucent Technologies Inc. Voluntary Life Insurance Plan, which shall be retained by Lucent.
