Common use of TRANSFER OF ACCOUNT BALANCES TO NEXTLEVEL SYSTEMS DC PLANS Clause in Contracts

TRANSFER OF ACCOUNT BALANCES TO NEXTLEVEL SYSTEMS DC PLANS. As promptly as practical after the Distribution Date, GS shall cause the trustee of the GI Savings Plan to transfer to the trustee of the NextLevel Systems DC Plan, the account balances of each Active Employee of the NextLevel Systems Group and each Former Employee of the NextLevel Systems Group with respect to whom the GI Savings Plan maintains an account as of the close of business on the Distribution Date. Such transfers shall be equal to the value of the transferred account balances as of the close of business on the day preceding the date of transfer and shall be in cash, except that the NextLevel Systems DC Plan will accept the following: (i) GS Common Stock for the GS Common Stock fund portion of such account balances (together with any and all of the shares of the common stock of NextLevel Systems and/or CommScope distributed in connection with the Distributions); and (ii) amounts credited to the GI Savings Plan which are held in mutual funds which are also investment media in the NextLevel Systems DC Plan.

TRANSFER OF ACCOUNT BALANCES TO NEXTLEVEL SYSTEMS DC PLANS. As promptly as practical after the NextLevel Systems Distribution Date, GS shall cause the trustee of the GI Savings Plan to transfer to the trustee of the NextLevel Systems DC Plan, the account balances of each Active Employee of the NextLevel Systems Group and each Former Employee of the NextLevel Systems Group with respect to whom the GI Savings Plan maintains an account as of the close of business on the NextLevel Systems Distribution Date. Such transfers shall be equal to the value of the transferred account balances as of the close of business on the day preceding the date of transfer and shall be in cash, except that the NextLevel Systems DC Plan will accept the following: (i) GS Common Stock for the GS Common Stock fund portion of such account balances (together with any and all of the shares of the common stock of NextLevel Systems and/or and CommScope distributed in connection with the Distributions); and (ii) amounts credited to the GI Savings Plan which are held in mutual funds which are also investment media in the NextLevel Systems DC Plan.