Common use of Transfer of Obligations/Liabilities Clause in Contracts

Transfer of Obligations/Liabilities. Effective as of the date of establishment of the Spinco Restoration Plan, the obligations and liabilities with respect to Spinco Employees under the Benefit Restoration Plan shall be transferred to and assumed by the Spinco Restoration Plan.

Appears in 4 contracts

Samples: Employee Benefits Agreement (Alltel Corp), Employee Benefits Agreement (Valor Communications Group Inc), Employee Benefits Agreement (Valor Communications Group Inc)

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Transfer of Obligations/Liabilities. Effective as of the date of establishment of the Spinco Restoration Plan, the obligations and liabilities with respect to Spinco Employees and Spinco Individuals under the Benefit Restoration Plan shall be transferred to and assumed by the Spinco Restoration Plan.

Appears in 2 contracts

Samples: Employee Benefits Agreement (Alltel Corp), Employee Benefits Agreement (Windstream Corp)

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