Common use of No Loss of Unvested Benefits; No Distributions Clause in Contracts

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco Group Employee’s employment to the Spinco Group will not result in the loss of that Spinco Group Employee’s unvested accrued benefits (if any) under the Parent Divided Pension Plans, the Liability for which benefits shall be assumed under the Spinco Pension Plans as provided herein. No Spinco Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Pension Plan or the applicable Spinco Pension Plan as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco Group Employee’s employment to the Spinco Group will not result in the loss of that Spinco Group Employee’s unvested accrued benefits (if any) under the applicable Parent Divided Pension PlansSavings Plan, the Liability for which benefits shall will be assumed under the corresponding Spinco Pension Plans Savings Plan as provided herein. No Spinco Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Pension Savings Plan or the applicable Spinco Pension Savings Plan as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco SpinCo Group Employee’s employment to the Spinco SpinCo Group will not result in the loss of that Spinco SpinCo Group Employee’s unvested accrued benefits (if any) under the Parent Divided Pension PlansKAR Savings Plan, the Liability for which benefits shall benefit liability will be assumed under the Spinco Pension Plans SpinCo Savings Plan as provided herein. No Spinco SpinCo Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Pension KAR Savings Plan or the applicable Spinco Pension SpinCo Savings Plan as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco SpinCo Group Employee’s employment to the Spinco SpinCo Group will not result in the loss of that Spinco SpinCo Group Employee’s unvested accrued benefits (if any) under the Parent Divided Pension PlansRayonier Savings Plan, the which benefit Liability for which benefits shall will be assumed under the Spinco Pension Plans SpinCo Savings Plan as provided herein. No Spinco SpinCo Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Pension Rayonier Savings Plan or the applicable Spinco Pension SpinCo Savings Plan as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco SpinCo Group Employee’s employment to the Spinco Group will SpinCo Groupwill not result in the loss of that Spinco SpinCo Group Employee’s unvested accrued benefits accruedbenefits (if any) under the Parent Divided Rayonier Pension Plans, the Plan,which benefit Liability for which benefits shall be assumed under the Spinco SpinCo Pension Plans Plan as provided herein. No Spinco SpinCo Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Rayonier Pension Plan or the applicable Spinco SpinCo Pension Plan as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco SpinCo Group Employee’s employment to the Spinco SpinCo Group will not result in the loss of that Spinco SpinCo Group Employee’s unvested accrued benefits (if any) under the Parent Divided Rayonier Pension PlansPlan, the which benefit Liability for which benefits shall be assumed under the Spinco SpinCo Pension Plans Plan as provided herein. No Spinco SpinCo Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Rayonier Pension Plan or the applicable Spinco SpinCo Pension Plan as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Spinco SpinCo Group Employee’s employment to the Spinco SpinCo Group will not result in the loss of that Spinco SpinCo Group Employee’s unvested accrued benefits accruedbenefits (if any) under the Parent Divided Rayonier Pension Plans, the Plan,which benefit Liability for which benefits shall be assumed under the Spinco SpinCo Pension Plans Plan as provided herein. No Spinco SpinCo Group Employee shall be entitled to a distribution of his or her benefit under the applicable Parent Divided Rayonier Pension Plan or the applicable Spinco SpinCo Pension Plan as a result of such transfer of employment.