Examples of Corporation Nonqualified Plans in a sentence
Solely with respect to determining the level of benefits payable under the Corporation Nonqualified Plans, RHD shall have the authority to consent to the termination of employment prior to age 60 of a RHD Nonqualified Plan Participant from the RHD Group.
Solely with respect to the noncompetition clauses of the Corporation Nonqualified Plans, New D&B hereby consents to the employment of the Corporation Nonqualified Plan Participants by the Moody's Group after the Effective Time, whether or not such employment would otherwise trigger such noncompetition clauses.
Solely with respect to the noncompetition clauses of the Corporation Nonqualified Plans, New D&B hereby consents to the employment of the Corporation Nonqualified Plan Participants by the RHD Group after the Effective Time, whether or not such employment would otherwise trigger such noncompetition clauses.
Moody's Employees who were participants with vested benefits in the Corporation Nonqualified Plans immediately prior to the Effective Time (the "Moody's Nonqualified Plan Participants") shall continue to receive service credit under such plans for their service with the Moody's Group from and after the Effective Time, but solely for purposes of satisfying the one-year waiting requirement for a valid election under the Corporation Nonqualified Plans.
As of the Effective Time, IMS Health shall (i) adopt the IMS Health SERP, the IMS Health Pension REP and the IMS Health Savings BEP (collectively, the "IMS Health Nonqualified Plans") for the benefit of IMS Health Employees and IMS Health Retirees who were participants in the Corporation Nonqualified Plans immediately prior to the Effective Time and (ii) assume the Liabilities for benefits under the Corporation Nonqualified Plans with respect to such employees.
Benefits under the Corporation Nonqualified Plans shall not become payable to a RHD Nonqualified Plan Participant until such participant terminates employment from the RHD Group and is otherwise eligible to receive such payment under the terms of the Corporation Nonqualified Plans.
Benefits under the Corporation Nonqualified Plans shall not become payable to a Moody's Nonqualified Plan Participant until such participant terminates employment from the Moody's Group and is otherwise eligible to receive such payment under the terms of the Corporation Nonqualified Plans.
The RHD Group agrees that, in the event the New D&B Group is unable to satisfy its obligations in respect of the benefits of any RHD Employee that have accrued under the Corporation Nonqualified Plans prior to the Effective Time, the RHD Group shall make payment when due with respect to such obligations of the New D&B Group.
The Moody's Group agrees that, in the event the New D&B Group is unable to satisfy its obligations in respect of the benefits of any Moody's Employee that have accrued under the Corporation Nonqualified Plans prior to the Effective Time, the Moody's Group shall make payment when due with respect to such obligations of the New D&B Group.
From and after the Effective Time, Corporation shall continue to sponsor the Corporation SERP, the Corporation Pension REP and the Corporation Savings BEP (collectively, the "Corporation Nonqualified Plans") for the benefit of Corporation Post-Distribution Employees and Corporation Retirees who, prior to the Effective Time, were participants thereunder.