UpstreamCo Savings Plans Provisions. The UpstreamCo Savings Plans shall provide that: (i) UpstreamCo Group Employees and Former UpstreamCo Group Employees shall (A) be eligible to participate in the corresponding UpstreamCo Savings Plan as of the Operational Separation Date to the extent that they were eligible to participate in the applicable Parent Savings Plan as of immediately prior to the Operational Separation Date, and (B) receive credit for all service credited for that purpose under the Parent Savings Plans as of immediately prior to the Operational Separation Date as if that service had been rendered to UpstreamCo; and (ii) the account balance of each UpstreamCo Group Employee and Former UpstreamCo Group Employee under the applicable Parent Savings Plan as of the date of the transfer of Assets from such Parent Savings Plan (including any outstanding promissory notes) shall be credited to such individual’s account balance under the corresponding UpstreamCo Savings Plan.
Appears in 4 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Arconic Inc.), Employee Matters Agreement (Alcoa Corp)
