QUANEX CORPORATION MANAGEMENT INCENTIVE PROGRAM Clause Samples

QUANEX CORPORATION MANAGEMENT INCENTIVE PROGRAM. Effective as of the Effective Time, all contractual obligations under the Quanex Corporation Management Incentive Program that are attributable to current or former employees of Quanex, in connection with the Businesses, or current or former employees of MST, will be assumed by Purchasing Parties to the extent that all liabilities for such obligations are properly reflected on the Effective Date Balance Sheet.