Examples of Cognizant Employees in a sentence
From and after the Effective Time, Cognizant shall sponsor its Employee Benefit Welfare Plans solely for the benefit of Cognizant Employees.
The Cognizant Group shall be responsible for and pay expenses and benefits relating to all Employee Benefit Welfare Plan claims incurred by Cognizant Employees and their covered dependents from and after the Effective Time.
Active participation of Cognizant Employees and ACNielsen Employees in the D&B Retirement Plan shall cease immediately after the Effective Time.
Except as specifically provided herein, all Cognizant Employees and ACNielsen Employees shall cease participation in all domestic D&B Employee Benefit Plans as of the Effective Time.
D&B shall make its regular monthly matching contributions to the D&B Savings Plan accounts of Cognizant Employees and ACNielsen Employees for all periods of service on or prior to the Effective Time.
Active participation of Cognizant Employees and ACNielsen Employees in the D&B Savings Plan shall cease immediately after the Effective Time.
As of the Effective Time, the account balances of Cognizant Employees and ACNielsen Employees in the D&B Savings Plan shall fully vest.
Notwithstanding the foregoing, prior to the end of the Participant Election Period, and for such period thereafter as may be reasonably determined by D&B, Cognizant Employees and ACNielsen Employees who have outstanding loans from the D&B Savings Plan shall be permitted to repay such loans by way of regular deductions from their paychecks.
As of the Effective Time, (i) each unexercised D&B Stock Option held by Cognizant Employees shall be cancelled and (ii) such individuals shall receive replacement stock options awarded under the Cognizant Replacement Plans, which shall be adopted by Cognizant prior to the Effective Time.
The Cognizant Group shall assume all Liabilities with respect to awards granted to Cognizant Employees pursuant to the Cognizant Replacement Option Plan.