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

No Loss of Unvested Benefits; No Distributions. The transfer of any Abbott Retained Employee’s employment to Xxxxxx XX will not result in loss of that Abbott Retained Employee’s unvested benefits under the AbbVie PR Savings Plan or the Xxxxxx XX SRP- New, and no Abbott Retained Employee shall be entitled to a distribution of his or her benefit under the AbbVie PR Savings Plan as a result of such transfer of employment.

Appears in 2 contracts

Samples: Employee Matters Agreement (AbbVie Inc.), Employee Matters Agreement (AbbVie Inc.)

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No Loss of Unvested Benefits; No Distributions. The transfer of any Abbott Retained Employee’s employment to Xxxxxx XX will not result in loss of that Abbott Retained Employee’s unvested benefits under the AbbVie PR Savings Pension Plan or the Xxxxxx XX SRP- New, Retirement Plan - New and no Abbott Retained Employee shall be entitled to a distribution of his or her benefit under the AbbVie PR Savings Pension Plan as a result of such transfer of employment.

Appears in 2 contracts

Samples: Employee Matters Agreement (AbbVie Inc.), Employee Matters Agreement (AbbVie Inc.)

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