Common use of Participant Elections and Beneficiary Designations Clause in Contracts

Participant Elections and Beneficiary Designations. All participant elections and beneficiary designations made under any Benefit Plan sponsored by a member of the Delta Group prior to the Effective Time with respect to which Assets or Liabilities are transferred or allocated to plans maintained by a member of the Ultra Group in accordance with this Agreement shall continue in effect under the applicable Ultra plan, including deferral, investment and payment form elections, dividend elections, coverage options and levels, beneficiary designations and the rights of alternate payees under qualified domestic relations orders, to the extent allowed by applicable Law and otherwise determined appropriate by Delta and Ultra.

Appears in 4 contracts

Samples: Employee Matters Agreement (Perspecta Inc.), Employee Matters Agreement (DXC Technology Co), Employee Matters Agreement

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