Common use of No Expansion of Participation Clause in Contracts

No Expansion of Participation. Unless otherwise expressly provided in this Agreement, as otherwise determined or agreed to by IR and Allegion, as required by applicable Law, or as explicitly set forth in an Allegion Benefit Plan, an Allegion Group Employee shall be entitled to participate in the Allegion Benefit Plans only to the extent that such Employee was entitled to participate in the corresponding IR Benefit Plan as in effect immediately prior to the Effective Time, with it being the intent of the Parties that this Agreement does not result in any expansion of the number of Allegion Group Employees participating or the participation rights therein that they had prior to the Effective Time.

Appears in 3 contracts

Samples: Employee Matters Agreement (Allegion PLC), Employee Matters Agreement (Ingersoll-Rand PLC), Employee Matters Agreement (Allegion PLC)

AutoNDA by SimpleDocs

No Expansion of Participation. Unless otherwise expressly provided in this Agreement, as otherwise determined or agreed to by IR and Allegion, as required by applicable Law, or as explicitly set forth in an Allegion Benefit Plan, an Allegion Group Employee shall be entitled to participate in the Allegion Benefit Plans only to the extent that such Employee was entitled to participate in the corresponding IR Benefit Plan as in effect immediately prior to the Effective Time, with it being the intent of the Parties that this Agreement does not result in any expansion of the number of Allegion Group Employees participating or the participation rights therein that they had prior to the Effective Time. Section 2.6.

Appears in 1 contract

Samples: Matters Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.