Nonqualified Savings Plans Sample Clauses

Nonqualified Savings Plans. Rockwell will retain all Liabilities for and will pay when due all benefits accrued as of the Time of Distribution by, and attributable to, Conexant Employees under the Rockwell International Corporation Supplemental Savings Plan for Highly Compensated Employees and the Rockwell International Corporation Excess Benefit Savings Plan, in each case as amended through the Time of Distribution (collectively, the "Rockwell Nonqualified Savings Plans"). From and after the Time of Distribution, none of Rockwell or the Rockwell Subsidiaries, the Affiliates of any thereof or the Rockwell Nonqualified Savings Plans will have any Liabilities with respect to benefits and entitlements of Conexant Employees under the Rockwell Nonqualified Savings Plans, except with respect to benefits accrued (including earnings thereon) under the Rockwell Nonqualified Savings Plans prior to the Time of Distribution. Rockwell will retain full power and authority with respect to the amendment and termination of the Rockwell Nonqualified Savings Plans to the extent permitted by law.

Nonqualified Savings Plans. Rockwell will retain all Liabilities for and will pay when due all benefits accrued as of the Time of Distribution by,

Nonqualified Savings Plans. As ▇▇▇▇▇▇▇ will continue as an employee of Interface and his anticipated level of service will remain as of the Effective Date above 20% of the Average Trailing 36-Month Level, he will not have a termination of employment for purposes of the Nonqualified Savings Plan I nor will he have a “separation from service” as such term is defined, for purposes of Code Section 409A, in the Nonqualified Savings Plan II. Therefore, his participation in those plans will continue, subject to the terms of such plans.

Nonqualified Savings Plans. 21 Section 4.04 Canadian Non-Automotive Savings Plans ................ 22

Nonqualified Savings Plans. (a) Rockwell will retain all Liabilities for and will pay when due all benefits accrued as of the Time of Distribution by, and attributable to, Automotive Employees under the Rockwell International Corporation Supplemental Savings Plan for Highly Compensated Employees and the Rockwell International Corporation Excess Benefit Savings Plan, in each case as amended through the Time of Distribution (collectively, the "Rockwell Nonqualified Savings Plans"). From and after the Time of Distribution, none of Rockwell or the Rockwell Subsidiaries, the Affiliates thereof or the Rockwell Nonqualified Savings Plans will have any Liabilities with respect to benefits and entitlements of Automotive Employees under the Rockwell Nonqualified Savings Plans, except with respect to benefits accrued (including earnings thereon) under the Rockwell Nonqualified Savings Plans prior to the Time of Distribution. (b) As of the Time of Distribution, Automotive will have established and will cover Automotive Employees who participated in the Rockwell Nonqualified Savings Plans immediately prior to the Time of Distribution under nonqualified savings plans (the "Automotive Nonqualified Savings Plans"). The Automotive Nonqualified Savings Plans will be substantially similar in all material respects to the Rockwell Nonqualified Savings Plans. The Automotive Nonqualified Savings Plans will be maintained in such form for a period of at least one year following the Time of Distribution. The Automotive Nonqualified Savings Plans will credit each Automotive Employee for purposes of eligibility to participate and for vesting purposes with all service which had been credited to such Automotive Employee for such purposes under the Rockwell Nonqualified Savings Plans immediately prior to the Time of Distribution (excluding any such service which was not counted under the Rockwell Nonqualified Savings Plans by operation of their "break in service" rules), but shall not grant past service credit to Automotive Employees for benefit accruals and any other plan purposes.