Common use of Timken Director Plan Clause in Contracts

Timken Director Plan. (a) Timken has adopted The Timken Company Director Deferred Compensation Plan (the “Timken Director Plan”). From and after the Distribution Date, Timken and the Bearings Group will be solely and exclusively responsible for liability accrued prior to the Distribution Date for all deferred amounts under the Timken Director Plan.

Appears in 5 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (TimkenSteel Corp), Employee Matters Agreement (Timken Co)

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