No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, or any Ancillary Agreement, or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, or entitlements under any Benefit Plan sponsored or maintained by a member of the Carrier Group, a member of the Otis Group or a member of the UTC Group on the part of any Employee or Former Employee.
Appears in 7 contracts
Samples: Employee Matters Agreement (Raytheon Technologies Corp), Employee Matters Agreement (Carrier Global Corp), Employee Matters Agreement (Otis Worldwide Corp)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting distributions or entitlements under any Benefit Plan sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC SpinCo Group on the part of any Employee or Former Employee.
Appears in 7 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement, Employee Matters Agreement (Cars.com Inc.)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting distributions or entitlements under any Benefit Plan sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC Varex Group on the part of any Employee or Former Employee.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Varian Medical Systems Inc), Employee Matters Agreement (Varex Imaging Corp)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation Agreement and Distribution Agreement, or any other Ancillary Agreement, no participant in any Adient Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Xxxxxxx Controls Benefit Plan or any other plan, program program, or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit PlanXxxxxxx Controls Group. Furthermore, unless expressly provided for in this Agreement, in the Separation and Distribution Agreement, or in any other Ancillary Agreement, or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting or entitlements under any compensation or Benefit Plan Plan, program, or arrangement sponsored or maintained by a member of the Carrier Group, a Xxxxxxx Controls Group or member of the Otis Group or a member of the UTC Adient Group on the part of any Employee or Former Employee.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement, Employee Matters Agreement (Adient LTD)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any UpstreamCo Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Parent Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit PlanParent Group. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting or entitlements under any compensation or Benefit Plan Plan, program or arrangement sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC UpstreamCo Group on the part of any Employee or Former Employee.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Alcoa Corp), Employee Matters Agreement (Arconic Inc.)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any Spinco Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Parent Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit PlanParent Group. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting or entitlements under any compensation or Benefit Plan Plan, program or arrangement sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC Spinco Group on the part of any Employee or Former Employee.
Appears in 4 contracts
Samples: Employee Matters Agreement (Howmet Aerospace Inc.), Employee Matters Agreement (Arconic Corp), Employee Matters Agreement (Arconic Rolled Products Corp)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any SpinCo Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Rayonier Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit PlanRayonier Group. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting or entitlements under any compensation or Benefit Plan Plan, program or arrangement sponsored or maintained by a member of the Carrier Group, a Rayonier Group or member of the Otis Group or a member of the UTC SpinCo Group on the part of any Employee or Former Employee.
Appears in 3 contracts
Samples: Employee Matters Agreement (Rayonier Advanced Materials Inc.), Employee Matters Agreement (Rayonier Advanced Materials Inc.), Employee Matters Agreement (Rayonier Advanced Materials Inc.)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any AFI Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding AWI Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit PlanAWI Group. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting or entitlements under any compensation or Benefit Plan Plan, program or arrangement sponsored or maintained by a member of the Carrier Group, a AWI Group or member of the Otis Group or a member of the UTC AFI Group on the part of any Employee or Former Employee.
Appears in 2 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Armstrong Flooring, Inc.)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any CoalCo Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Parent Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit PlanParent Group. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting or entitlements under any compensation or Benefit Plan Plan, program or arrangement sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC CoalCo Group on the part of any Employee or Former Employee.
Appears in 2 contracts
Samples: Employee Matters Agreement (CONSOL Energy Inc.), Employee Matters Agreement (CONSOL Mining Corp)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting distributions or entitlements under any Benefit Plan sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC SpinCo Group on the part of any Employee or Former Employee.
Appears in 2 contracts
Samples: Employee Matters Agreement (Embecta Corp.), Employee Matters Agreement (Embecta Corp.)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting distributions or entitlements under any Benefit Plan sponsored or maintained by a member of the Carrier Group, a Parent Group or member of the Otis Group or a member of the UTC Sysorex Group on the part of any Employee or Former Employee.
Appears in 2 contracts
Samples: Employee Matters Agreement (Sysorex, Inc.), Employee Matters Agreement (Inpixon)
No Duplication or Acceleration of Benefits. Notwithstanding anything to the contrary in this Agreement, the Separation and Distribution Agreement or any Ancillary Agreement, no participant in any Benefit Plan shall receive service credit or benefits to the extent that receipt of such service credit or benefits would result in duplication of benefits provided to such participant by the corresponding Benefit Plan or any other plan, program or arrangement sponsored or maintained by a member of the Group that sponsors the corresponding Benefit Plan. Furthermore, unless expressly provided for in this Agreement, the Separation Agreement, and Distribution Agreement or in any Ancillary Agreement, Agreement or required by applicable Law, no provision in this Agreement shall be construed to create any right to accelerate vesting, distributions, vesting distributions or entitlements under any Benefit Plan sponsored or maintained by a member of the Carrier Group, a CIT Group or member of the Otis Group or a member of the UTC C2 Group on the part of any Employee or Former Employee.
Appears in 1 contract
Samples: Employee Matters Agreement (C2 Aviation Capital, Inc.)
