Parent Pension Plan. (a) RETENTION OF PARENT PENSION PLAN. Effective as of the Close of the Distribution Date, Parent shall retain: (i) sponsorship of the Parent Pension Plan and its related trust and any other trust or other funding arrangement established or maintained with respect to such plan, or any assets held as of the Distribution Date with respect to such plan; and (ii) all Liabilities relating to, arising out of or resulting from claims incurred by or on behalf of any individuals with respect to benefits under the Parent Pension Plan.
Appears in 4 contracts
Samples: Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies), Employee Benefits Agreement (Piper Jaffray Companies)
Parent Pension Plan. (a) RETENTION OF PARENT PENSION PLANRetention of Parent Pension Plan. Effective as of the Close of the Distribution Date, Parent shall retain:
(i) sponsorship of the Parent Pension Plan and its related trust and any other trust or other funding arrangement established or maintained with respect to such plan, or any assets held as of the Distribution Date with respect to such plan; and
(ii) all Liabilities relating to, arising out of or resulting from claims incurred by or on behalf of any individuals with respect to benefits under the Parent Pension Plan.
Appears in 1 contract
Samples: Employee Benefits Agreement (Piper Jaffray Companies)
