SpinCo Retained Qualified Plans. As of no later than the Distribution Date, in addition to the plans assumed under Section 5.01 and Section 5.03, the SpinCo Group shall retain sponsorship of the Benefit Plans intended to be Tax-qualified retirement plans (whether under ERISA or the Laws of a jurisdiction other than the U.S.) and sponsored by a member of the SpinCo Group prior to the Distribution Date (collectively, the “SpinCo Retained Qualified Plans”), and, from and after the Distribution Date, all Assets and Liabilities thereunder shall be Assets and Liabilities of the SpinCo Group.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Tegna Inc), Employee Matters Agreement (Gannett Co., Inc.)
