Non-Employee Directors Deferred Compensation Plan. On or prior to the Distribution Date, KLX shall establish a nonqualified deferred compensation plan for the benefit of the non-employee KLX Non-Employee Directors that is substantially similar to the B/E NEDDSP (the “KLX Non-Employee Director Deferred Compensation Plan”).
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Samples: Employee Matters Agreement, Employee Matters Agreement (KLX Inc.), Separation and Distribution Agreement (KLX Inc.)
Non-Employee Directors Deferred Compensation Plan. On or prior to the Distribution Date, KLX shall establish a nonqualified deferred compensation plan for the benefit of the non-employee KLX Non-Employee Directors that is substantially similar to the B/E NEDDSP NEDDCP (the “KLX Non-Employee Director Deferred Compensation Plan”).
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