Common use of Terms of Participation—Active Constar Employees Clause in Contracts

Terms of Participation—Active Constar Employees. Each Constar Retirement Plan shall provide that all service, compensation, and other benefit-affecting determinations that, as of the Closing Date, were recognized under the corresponding Crown Retirement Plan with respect to Active Constar Employees (for periods immediately before the Closing Date) shall, as of immediately after the Closing Date, receive full recognition, credit and validity and be taken into account under such Constar Retirement Plan to the same extent as if such items occurred under such Constar Retirement Plan, except to the extent that duplication of benefits would result.

Appears in 5 contracts

Samples: Benefits Allocation Agreement, Benefits Allocation Agreement (Constar Inc), Benefits Allocation Agreement (Constar International Inc)

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Terms of Participation—Active Constar Employees. Each Constar Retirement Plan shall provide that all service, compensation, and other benefit-affecting determinations that, as of the Closing Date, were recognized under the corresponding Crown Retirement Plan with respect to Active Constar Employees (for periods immediately before the Closing Date) shall, as of immediately after the Closing Date, receive full recognition, credit and validity and be taken into account under such Constar Retirement Plan to the same extent as if such items occurred under such Constar Retirement Plan, except to the extent that duplication of benefits would result.. (e)

Appears in 1 contract

Samples: Benefits Allocation Agreement

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