Common use of Plan-to-Plan Transfer Clause in Contracts

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the Coverage Period, CAI will cause the rabbi trustee of the CAI NSP to transfer directly to the rabbi trustee of the Enova NSP the assets reflecting the account balance of each Transitioned Employee under the CAI NSP (other than the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI NSP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova NSP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI NSP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova NSP, and Enova shall continue to have the liability for such benefits.

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the applicable Coverage Period, CAI will cause the rabbi trustee of the CAI NSP SERP to transfer directly to the rabbi trustee of the Enova NSP SERP the assets reflecting the account balance of each Transitioned Employee under the CAI NSP SERP (other than the portion of the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI NSP SERP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova NSP SERP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI NSP SERP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova NSPSERP, and Enova shall continue to have the liability for such benefits.

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the applicable Coverage Period, CAI will cause the rabbi trustee of the CAI NSP to transfer directly to the rabbi trustee of the Enova NSP the assets reflecting the account balance of each Transitioned Employee under the CAI NSP (other than the portion of the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI NSP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova NSP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI NSP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova NSP, and Enova shall continue to have the liability for such benefits.

Plan-to-Plan Transfer. As soon as administratively feasible after the end of the Coverage Period, CAI will cause the rabbi trustee of the CAI NSP SERP to transfer directly to the rabbi trustee of the Enova NSP SERP the assets reflecting the account balance of each Transitioned Employee under the CAI NSP SERP (other than the account balance of any Dual Transitioned Employee attributable to contributions made under the CAI NSP SERP for services provided as an employee of any member of the CAI Group). Enova will take all steps necessary to cause the Enova NSP SERP rabbi trust to accept such transfer. Such transfer will be carried out under procedures mutually agreeable to CAI and Enova. To the extent that assets representing a Transitioned Employee’s benefits under the CAI NSP SERP are transferred as provided herein, the liability and responsibility to pay such benefits will be transferred to the Enova NSPSERP, and Enova shall continue to have the liability for such benefits.