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

No Loss of Unvested Benefits; No Distributions. The transfer of any Transferred Employee’s employment to the Baxalta Group will not result in loss of that Transferred Employee’s unvested benefits under the Baxter IIP or the Baxalta IIP Plan and no Transferred Employee shall be entitled to a distribution of his or her benefit under the Baxter IIP as a result of such transfer of employment.

No Loss of Unvested Benefits; No Distributions. The transfer of any Transferred Employee’s employment to the Baxalta Group will not result in loss of that Transferred Employee’s unvested benefits under the Baxter IIP Pension Plan or the Baxalta IIP Pension Plan and no Transferred Employee shall be entitled to a distribution of his or her benefit under the Baxter IIP Pension Plan as a result of such transfer of employment.