No Separation from Service. The transactions provided for under this Agreement shall not constitute a separation from service or a termination of employment under the MSG Holdings, L.P. Excess Cash Balance Plan, MSG Holdings, L.P. Excess Retirement Plan, the Spinco Excess Retirement Plans, the MSG Holdings, L.P. Excess 401(k) Savings Plan or the Spinco Excess 401(k) Savings Plan, each of which shall provide that no distribution of retirement benefits shall be made to any Spinco Employee on account of these transactions.
No Separation from Service. The transactions provided for under this Agreement shall not constitute a separation from service or a termination of employment under the Vector Supplemental Retirement Plan, and no distribution of retirement benefits shall be made to any Vector Employee or Spinco Employee on account of these transactions.
No Separation from Service. The transactions provided for under the Distribution Agreement shall not constitute a separation from service or a termination of employment under the CVC Excess Cash Balance Plan and no distribution of retirement benefits shall be made to any AMC Employee on account of these transactions.
No Separation from Service. The transactions provided for under this Agreement shall not constitute a separation from service or a termination of employment under the Cablevision Cash Balance Pension Plan or the MSG Cash Balance Pension Plan, each of which shall provide that no distribution of retirement benefits shall be made to any MSG Employee on account of these transactions.
No Separation from Service. Neither the Separation nor the IPO shall constitute a separation from service or a termination of employment under the BMS RIP, the BMSPR RIP, the Xxxx Xxxxxxx RIP or the Xxxx Xxxxxxx XX RIP, each of which shall provide that no distribution of retirement benefits shall be made to any U.S. Xxxx Xxxxxxx Transferred Employee on account of the Separation and IPO.
No Separation from Service. Neither the Separation nor the IPO shall constitute a separation from service or a termination of employment under the BMS SIP, the BMSPR SIP, the Mead Johnson SIP or the Mead Johnson PR SIP, each of which shall provide that no distribution of retirement benefits shall be made to any U.S. Mead Johnson Transferred Employee on account of the Separation and IPO.
No Separation from Service. The Parties agree that the Separation and Distribution shall not be considered a separation from service or termination of employment entitling Potlatch Employees or Clearwater Employees to be eligible to participate in or to receive payment of severance benefits under the Executive Severance Plans or Salaried Severance Plans. Potlatch and Clearwater shall cause their respective Executive Severance Plans and Salaried Severance Plans to be amended (if necessary) and to be administered in a manner consistent with this understanding.
No Separation from Service. The Parties acknowledge that none of the transactions contemplated by this Agreement, the Separation Agreement or any Ancillary Agreement shall be treated as a “separation from service” for purposes of the Illumina Non-Qualified Plans for any participant therein.
No Separation from Service. The Distribution, shall not be treated as a “separation from service,” as defined under Treasury Regulation § 1.409A-1(h), for purposes of the plans described in this Article VI. The provisions of this Article VI shall be administered and construed in a manner which complies with the requirements of Section 409A of the Code.
No Separation from Service. The transfer of employment of a Transferred Employee to NewCo pursuant to Section 5.01(a) shall not constitute a “separation from service” for purposes of the applicable payment provisions of the Existing Parent Equity Awards, Retained Parent Non-Qualified Plans, Parent DC Plan and New Benefit Restoration Pension Plan.
