Common use of Outstanding Loans Clause in Contracts

Outstanding Loans. During their employment with Cognizant or ACNielsen (as the case may be), Cognizant Transferred Savings Plan Employees and ACNielsen Transferred Savings Plan Employees who have outstanding loans originally made from the D&B Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks, and, prior to the Cognizant Savings Plan Transfer Date or ACNielsen Savings Plan Transfer Date (as the case may be), D&B, Cognizant or ACNielsen (as the case may be) shall cause all such deductions to be forwarded to the D&B Savings Plan as promptly as practicable. No such deductions by Cognizant or ACNielsen shall be made in respect of Cognizant Bifurcated Savings Plan Employees and ACNielsen Bifurcated Savings Plan Employees who have outstanding loans from the D&B Savings Plan, and all such employees shall be required to repay their loans directly to the D&B Savings Plan in accordance with the existing terms thereof. Notwithstanding the foregoing, prior to the end of the Participant Election Period, and for such period thereafter as may be reasonably determined by D&B, Cognizant Employees and ACNielsen Employees who have outstanding loans from the D&B Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks.

Outstanding Loans. During their employment with Cognizant or ACNielsen (as the case may be), Cognizant Transferred Savings Plan Employees and ACNielsen Transferred Savings Plan Employees who have outstanding loans originally made from the D&B Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks, and, prior to the Cognizant Savings Plan Transfer Date or ACNielsen Savings Plan Transfer Date (as the case may be), D&B, Cognizant or ACNielsen (as the case may be) shall cause all such deductions to be forwarded to the D&B Savings Plan as promptly as practicable. No such deductions by Cognizant or ACNielsen shall be made in respect of Cognizant Bifurcated Savings Plan Employees and ACNielsen Bifurcated Savings Plan Employees who have outstanding loans from the D&B Savings Plan, 19 and all such employees shall be required to repay their loans directly to the D&B Savings Plan in accordance with the existing terms thereof. Notwithstanding the foregoing, prior to the end of the Participant Election Period, and for such period thereafter as may be reasonably determined by D&B, Cognizant Employees and ACNielsen Employees who have outstanding loans from the D&B Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks.