TRANSFER OF SAVINGS PLAN ACCOUNT BALANCES. Subject to applicable law and the provisions of the Technology Solutions Company d.b.a. TSC 401(k) Plan (the "TSC Savings Plan"), as soon as administratively practicable following the establishment of the eLoyalty Savings Plan, or effective as of any other date as agreed to in writing by the plan administrator for the TSC Savings Plan and the plan administrator for the eLoyalty Savings Plan, the account balances (including outstanding loans) of all TSC Savings Plan participants who are Transferred Employees shall be transferred from the TSC Savings Plan to the eLoyalty Savings Plan. Each Transferred Employee shall receive credit for all purposes under the eLoyalty Savings Plan for periods of service with TSC or any of its Affiliates. The plan administrator for the eLoyalty Savings Plan shall take any other action reasonably requested by the plan administrator for the TSC Savings Plan that is necessary or advisable, in the opinion of the plan administrator for the TSC Savings Plan, to maintain the tax-qualified status of the TSC Savings Plan or to avoid the imposition of any penalties with respect to such plan.
TRANSFER OF SAVINGS PLAN ACCOUNT BALANCES. Subject to applicable law and the provisions of the KPMG Savings Plan, as soon as practicable after the Effective Date, as determined by the plan administrator for the KPMG Savings Plan, the account balances (including outstanding loans) of all KPMG Savings Plan participants who are Consulting Employees shall be transferred from the KPMG Savings Plan to the Consulting Savings Plan (the “Transferred Accounts”). The plan administrator for the Consulting Savings Plan shall take any action reasonably requested by the plan administrator for the KPMG Savings Plan which is necessary or advisable, in the sole opinion of the plan administrator for the KPMG Savings Plan, to maintain the status of the KPMG Savings Plan as qualified under Section 401(a) of the Code or to avoid the imposition of any penalties with respect to such plan in either case, as a result of the transfer of accounts contemplated by this Section 8.8.
TRANSFER OF SAVINGS PLAN ACCOUNT BALANCES. Subject to applicable law and the provisions of the Xxxxxx Savings Plan, effective as of the first day of the first calendar month following the Spin-Off, or effective as of any other date as agreed to in writing by the plan administrator for the Xxxxxx Savings Plan and the plan administrator for the Allegiance Retirement Plan, the account balances (including outstanding loans) of all Xxxxxx Savings Plan participants who are Allegiance Employees shall be spun off from the Xxxxxx Savings Plan and merged into the Allegiance Retirement Plan (the "Transferred Accounts"). The plan administrator for the Allegiance Retirement Plan shall distribute any amounts from such Transferred Accounts which may be necessary in order for the Xxxxxx Savings Plan to satisfy any requirements of applicable law (including, but not limited to, nondiscrimination rules) as instructed by the plan administrator for the Xxxxxx Savings Plan. The plan administrator for the Allegiance Retirement Plan shall take any other action reasonably requested by the plan administrator for the Xxxxxx Savings Plan which is necessary or advisable, in the opinion of the plan administrator for the Xxxxxx Savings Plan, to maintain the tax-qualified status of the Xxxxxx Savings Plan or to avoid the imposition of any penalties with respect to such plan.
TRANSFER OF SAVINGS PLAN ACCOUNT BALANCES. 24 8.5 Health and Welfare Plans ................ 24 8.6 No Rights or Remedies .................. 25 8.7 Indemnification ..................... 25
TRANSFER OF SAVINGS PLAN ACCOUNT BALANCES. As promptly as practicable after the Closing, Seller, the sponsor of Newell's Savings Plan and Buyer shall arrange for the transfer xx xxx xested portion of the account balances (the "Accounts") of the Employees participating in Newell's Savings Plan (as defined in Section 4.1(o)) to x xxxxxxd contribution plan maintained by Buyer ("Buyer's Savings Plan"). The assets of Newell's Savings Plan to be transferred to Buyer's Savings Plan xxxxx be the total of the vested portion of all Accounts of the Employees as of the date of such transfer and shall reflect all contributions earned under Newell's Savings Plan by such Employees as of the Closing axx xxxnings on such Accounts through the date of such transfer. In transferring the Accounts, Seller and Buyer shall comply with all applicable requirements of Sections 411(d)(6), 414(l) and 401(a)(12)
TRANSFER OF SAVINGS PLAN ACCOUNT BALANCES. Subject to applicable law and the provisions of the VIGC 401(k) Plan (the "VIGC Savings Plan"), as soon as administratively practicable following the establishment of the VYGP Savings Plan, or effective as of any other date as agreed to in writing by the plan administrator for the VIGC Savings Plan and the plan administrator for the VYGP Savings Plan, the account balances (including outstanding loans) of all VIGC Savings Plan participants who are Transferred Employees shall be transferred from the VIGC Savings Plan to the VYGP Savings Plan. Each Transferred Employee shall receive credit for all purposes under the VYGP Savings Plan for periods of service with VIGC or any of its Affiliates. The plan administrator for the VYGP Savings Plan shall take any other action reasonably requested by the plan administrator for the VIGC Savings Plan that is necessary or advisable, in the opinion of the plan administrator for the VIGC Savings Plan, to maintain the tax-qualified status of the VIGC Savings Plan or to avoid the imposition of any penalties with respect to such plan.
