Recognition of Prior Service. Newco shall take all steps ---------------------------- necessary to cause each VERITAS Employee Plan and VERITAS Benefit Arrangement to recognize each transferring Employee's length of service under comparable employee benefit plans maintained by Seagate for purposes of eligibility, participation, vesting and benefit accrual in such VERITAS Employee Plan and VERITAS Benefit Arrangement as if such transferring Employee had been employed by Newco for such period.
Appears in 4 contracts
Samples: Agreement and Plan of Reorganization (Seagate Software Inc), Agreement and Plan of Reorganization (Seagate Technology Inc), Agreement and Plan of Reorganization (Seagate Technology Inc)
Recognition of Prior Service. Newco shall take all steps ---------------------------- necessary to cause each VERITAS Employee Plan and VERITAS Benefit Arrangement to recognize each transferring Employee's length of service under comparable employee benefit plans maintained by Seagate for purposes of eligibility, participation, vesting and benefit accrual in such VERITAS Employee Plan and VERITAS Benefit Arrangement as if such transferring Employee had been employed by Newco for such period.
Appears in 3 contracts
Samples: Agreement and Plan of Reorganization (Seagate Software Inc), Agreement and Plan of Reorganization (Veritas Software Corp), Agreement and Plan of Reorganization (Seagate Software Inc)
