Past Service Credit Generally. For all purposes under the employee benefit plans and arrangements of the Buyer and its Affiliates providing benefits after the Closing to any Transferred Employees (the “New Plans”), the Buyer shall use commercially reasonable efforts to provide that each such Transferred Employee shall be credited with his or her years of service with the Seller and its Affiliates before the Closing, to the same extent as such Transferred Employee was entitled, before the Closing, to credit for such service under any similar Seller Plans (“Past Service Credit”), except (A) for purposes of benefit accrual under New Plans that are defined benefit or cash balance Pension Plans, (B) as provided in Section 5.6(c), (C) to the extent Past Service Credit would result in a duplication of benefits, (D) to the extent Past Service Credit would contravene applicable Law, and (E) to the extent otherwise agreed between Buyer and any Transferred Employee (provided that no such agreement shall create any additional Liability for Seller). For the avoidance of doubt, the Buyer and its Affiliates shall have no Liability with respect to, and the Seller shall defend, indemnify and hold harmless Buyer and its Affiliates for any Liability with respect to, the Solutia Inc. Employees Pension Plan.
Past Service Credit Generally. For all purposes ----------------------------- under the employee benefit plans and arrangements of the Buyer and its Affiliates providing benefits after the Closing to any Transferred Employees (the "New Plans"), the Buyer shall use commercially reasonable efforts to --------- provide that each such Transferred Employee shall be credited with his or her years of service with the Seller and its Affiliates before the Closing, to the same extent as such Transferred Employee was entitled, before the Closing, to credit for such service under any similar Seller Plans ("Past Service ------------ Credit"), except (A) for purposes of benefit accrual under New Plans that are ------ defined benefit or cash balance Pension Plans, (B) as provided in Section 5.6(c), (C) to the extent Past Service Credit would result in a duplication of benefits, (D) to the extent Past Service Credit would contravene applicable Law, and (E) to the extent otherwise agreed between Buyer and any Transferred Employee (provided that no such agreement shall create any additional -------- Liability for Seller). For the avoidance of doubt, the Buyer and its Affiliates shall have no Liability with respect to, and the Seller shall defend, indemnify and hold harmless Buyer and its Affiliates for any Liability with respect to, the Solutia Inc. Employees Pension Plan.
Past Service Credit Generally. For all purposes under the employee benefit plans and arrangements of the Buyer and its Affiliates providing benefits after the Closing to any Transferred Employees (the "New Plans"), each such Transferred Employee shall be credited with his or her years of service with Seller and its Affiliates (including the Swiss Companies) before the Closing, to the same extent as such Transferred Employee was entitled, before the Closing, to credit for such service under any similar Company Plans ("Past Service Credit"), except (A) in the case of U.S Business Employees, for purposes of benefit accrual under New Plans that are defined benefit or cash balance Pension Plans, (B) as provided in Section 5.11(c), (C) to the extent Past Service Credit would result in a duplication of benefits, and (D) to the extent Past Service Credit would contravene applicable Law. For the avoidance of doubt, there shall be no transfer of assets or liabilities from the Pension Plan of SOI in which U.S. Business Employees participate before the Closing to any plan sponsored by the Buyer or its Affiliates.
Past Service Credit Generally. For all purposes ----------------------------- under the employee benefit plans of Purchaser and its Subsidiaries providing benefits after the Closing to any Transferred Employees (the "NEW PLANS"), each such Transferred Employee shall be credited with his or her years of service with Seller and its Subsidiaries (including the Acquired Companies) before the Closing, to the same extent as such Transferred Employee was entitled, before the Closing, to credit for such service under any similar Employee Benefit Plans, ("PAST SERVICE CREDIT"), except (1) in the case of U.S Business Employees, for purposes of benefit accrual under New Plans that are defined benefit or cash balance pension plans, (2) as provided in Sections 10.1(c)(i) and 10.1(c)(iii), and (3) to the extent Past Service Credit would result in a duplication of benefits. For the avoidance of doubt, there shall be no transfer of assets or liabilities from the Solutia pension plan in which U.S. Business Employees participate before the Closing to any plan sponsored by Purchaser or its Subsidiaries.
