Spain Defined Contribution Plan Sample Clauses

Spain Defined Contribution Plan. Effective as of the Separation Date, Mead Johnson shall establish the Mead Johnson Spain defined contribution plan. The assets under the BMS Spain Long-Term Savings Plan as of the Separation Date attributable to Foreign Mead Johnson Transferred Employees participating in such Plan shall be transferred to the Mead Johnson Spain defined contribution plan as provided in Section 6.6 of the Schedules, subject to applicable law and consent of the Foreign Mead Johnson Transferred Employees, to the extent applicable. The amount of the transfer and the terms and conditions of the transfer shall be approved by BMS and Mead Johnson or their respective designees. BMS and Mead Johnson agree to use commercially reasonable efforts to accomplish this transfer as soon as practicable following the Separation Date and to cooperate with each other to make such filings and disclosure and obtain such approvals as may be necessary or advisable. The actions described in this Section 6.6 are subject to approval by the applicable works council, as necessary, and shall be executed in accordance with applicable law.