Common use of Non-U.S. Retirement Plans Clause in Contracts

Non-U.S. Retirement Plans. (a) Except as otherwise provided in Article XIV, with respect to any IR Benefit Plan covering non-U.S. Allegion Group Employees or Former Allegion Group Employees and which is a defined benefit or defined contribution retirement or pension plan, Allegion shall cause each such Allegion Group Employee or Former Allegion Group Employee, as applicable, to become covered by a corresponding Allegion Benefit Plan which is a defined benefit or defined contribution retirement or pension plan, effective as of the Effective Time or as soon as practicable thereafter. To the extent such coverage does not commence until following the Effective Time, Allegion shall indemnify IR for any continued participation by such employee in the corresponding IR Benefit Plan. IR will reasonably cooperate with Allegion in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.1(a) a listing of those non-U.S. IR retirement or pension plans in which Allegion Group Employees and Former Allegion Group Employees are known to participate. Schedule 10.1(a) may be updated by mutual written consent of IR and Allegion at any time up to 60 days after the Effective Time. (b) Except as otherwise provided in Article XIV, with respect to any Allegion Benefit Plan covering non-U.S. IR Group Employees or Former IR Group Employees and which is a defined benefit or defined contribution retirement or pension plan, IR shall cause each such IR Group Employee or Former IR Group Employee, as applicable, to become covered by a corresponding IR benefit plan which is a defined benefit or defined contribution retirement or pension plan, effective as of the Effective Time or as soon as practicable thereafter. To the extent such coverage does not commence until following the Effective Time, IR shall indemnify Allegion for any continued participation by such employee in the corresponding Allegion Benefit Plan. Allegion will reasonably cooperate with IR in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.1(b) a listing of those non-U.S. Allegion retirement or pension plans in which IR Group Employees and Former IR Group Employees are known to participate. Schedule 10.1(b) may be updated by mutual written consent of IR and Allegion at any time up to 60 days after the Effective Time.

Non-U.S. Retirement Plans. (a) Except as otherwise provided in Article XIV, with With respect to any IR Xxxxxxx International Benefit Plan covering non-U.S. Allegion Xxxxxxx Electronics Group Employees or Former Allegion Xxxxxxx Electronics Group Employees and which is a defined benefit or defined contribution retirement or pension plan, Allegion Xxxxxxx Electronics shall cause each such Allegion Xxxxxxx Electronics Group Employee or Former Allegion Xxxxxxx Electronics Group Employee, as applicable, to become covered by a corresponding Allegion Xxxxxxx Electronics Benefit Plan which is a defined benefit or defined contribution retirement or pension plan, effective as of the Effective Time or as soon as practicable thereafter. To the extent such coverage does not commence until following the Effective Time, Allegion Xxxxxxx Electronics shall indemnify IR Xxxxxxx International for any continued participation by such employee in the corresponding IR Xxxxxxx International Benefit Plan. IR Xxxxxxx International will reasonably cooperate with Allegion Xxxxxxx Electronics in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.1(a9.1(a) a listing of those non-U.S. IR Xxxxxxx International retirement or pension plans in which Allegion Xxxxxxx Electronics Group Employees and Former Allegion Xxxxxxx Electronics Group Employees are known to participate. Schedule 10.1(a9.1(a) may be updated by mutual written consent of IR Xxxxxxx International and Allegion Xxxxxxx Electronics at any time up to 60 days after the Effective Time. (b) Except as otherwise provided in Article XIV, with With respect to any Allegion Xxxxxxx Electronics Benefit Plan covering non-U.S. IR Xxxxxxx International Group Employees or Former IR Xxxxxxx International Group Employees and which is a defined benefit or defined contribution retirement or pension plan, IR Xxxxxxx International shall cause each such IR Xxxxxxx International Group Employee or Former IR Xxxxxxx International Group Employee, as applicable, to become covered by a corresponding IR Xxxxxxx International benefit plan which is a defined benefit or defined contribution retirement or pension plan, effective as of the Effective Time or as soon as practicable thereafter. To the extent such coverage does not commence until following the Effective Time, IR Xxxxxxx International shall indemnify Allegion Xxxxxxx Electronics for any continued participation by such employee in the corresponding Allegion Xxxxxxx Electronics Benefit Plan. Allegion Xxxxxxx Electronics will reasonably cooperate with IR Xxxxxxx International in complying with the immediately preceding sentence. The Parties have set forth on Schedule 10.1(b9.1(b) a listing of those non-U.S. Allegion Xxxxxxx Electronics retirement or pension plans in which IR Xxxxxxx International Group Employees and Former IR Xxxxxxx International Group Employees are known to participate. Schedule 10.1(b9.1(b) may be updated by mutual written consent of IR Xxxxxxx International and Allegion Xxxxxxx Electronics at any time up to 60 days after the Effective Time.