Common use of Retention of Plan Clause in Contracts

Retention of Plan. As of the Effective Time, the Autoliv Group shall retain sponsorship of the Autoliv U.S. Savings Plan, and, from and after the Effective Time, all Assets and Liabilities thereunder shall be the Assets and Liabilities of the Autoliv Group.

Appears in 3 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Veoneer, Inc.), Employee Matters Agreement (Veoneer, Inc.)

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Retention of Plan. As of the Effective Time, the Autoliv Group shall retain (or assume to the extent necessary) sponsorship of the each Autoliv U.S. Savings Pension Plan, and, from and after the Effective Time, all Assets and Liabilities thereunder shall be the Assets and Liabilities of the Autoliv Group.

Appears in 3 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Veoneer, Inc.), Employee Matters Agreement (Veoneer, Inc.)

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