Payment of Statutory Debt to IR UK Pension Plan. As soon as practicable on or after the Effective Time, Allegion shall cause Xxxxxxxxx-Xxxx Security Technologies Limited to pay the statutory debt due to the IR UK Pension Plan under Section 75 of the Pensions Act of 1995 as a result of the cessation of participation of Xxxxxxxxx-Xxxx Security Technologies Limited in the IR UK Pension Plan.
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Samples: Employee Matters Agreement, Employee Matters Agreement (Allegion PLC), Employee Matters Agreement (Ingersoll-Rand PLC)
Payment of Statutory Debt to IR UK Pension Plan. As soon as practicable on or after the Effective Time, Allegion shall cause XxxxxxxxxIxxxxxxxx-Xxxx Security Technologies Limited to pay the statutory debt due to the IR UK Pension Plan under Section 75 of the Pensions Act of 1995 as a result of the cessation of participation of XxxxxxxxxIxxxxxxxx-Xxxx Security Technologies Limited in the IR UK Pension Plan.
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