Common use of Service for Eligibility, Vesting, and Benefit Purposes Clause in Contracts

Service for Eligibility, Vesting, and Benefit Purposes. Except as otherwise provided in any other provision of this Agreement, the Allegion Benefit Plans shall, and Allegion shall cause each member of the Allegion Group to, recognize each Allegion Group Employee’s full service history with the IR Group for purposes of eligibility, vesting, determination of level of benefits and, to the extent applicable and subject to Section 2.4, benefit accruals under any Allegion Benefit Plan for such Allegion Group Employee’s service with any member of the IR Group on or prior to the Effective Time to the same extent such service would be credited under the IR Benefit Plans, as applicable. Notwithstanding anything to the contrary, in connection with any Employee’s break in service, any determination as to service credit shall be made under and in accordance with the applicable Allegion Benefit Plan document, the terms of which shall control in the case of any conflict with this Section 2.2.

Appears in 3 contracts

Samples: Employee Matters Agreement (Ingersoll-Rand PLC), Employee Matters Agreement (Allegion PLC), Employee Matters Agreement (Allegion PLC)

AutoNDA by SimpleDocs

Service for Eligibility, Vesting, and Benefit Purposes. Except as otherwise provided in any other provision of this Agreement, the Allegion Benefit Plans shall, and Allegion shall cause each member of the Allegion Group to, recognize each Allegion Group Employee’s full service history with the IR Group for purposes of eligibility, vesting, determination of level of benefits and, to the extent applicable and subject to Section 2.4, benefit accruals under any Allegion Benefit Plan for such Allegion Group Employee’s service with any member of the IR Group on or prior to the Effective Time to the same extent such service would be credited under the IR Benefit Plans, as applicable. Notwithstanding anything to the contrary, in connection with any Employee’s break in service, any determination as to service credit shall be made under and in accordance with the applicable Allegion Benefit Plan document, the terms of which shall control in the case of any conflict with this Section 2.2.. (b)

Appears in 1 contract

Samples: Matters Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!