Common use of Retention of Plan Clause in Contracts

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

Appears in 5 contracts

Sources: Employee Matters Agreement, Employee Matters Agreement, Employee Matters Agreement (Adient LTD)