Examples of D&B Nonqualified Plans in a sentence
Solely with respect to the noncompetition clauses of the D&B Nonqualified Plans, D&B hereby consents to the employment of the Cognizant and ACNielsen Nonqualified Plan Participants by the Cognizant Group or the ACNielsen Group (as the case may be) after the Effective Time, whether or not such employment would otherwise trigger such noncompetition clauses.
Solely with respect to determining the level of benefits payable under the D&B Nonqualified Plans, Cognizant and ACNielsen shall have the authority to consent to the termination of employment prior to age 60 of a Cognizant or ACNielsen Nonqualified Plan Participant from the Cognizant Group or the ACNielsen Group (as the case may be).
The Cognizant Group agrees that, in the event the D&B Group is unable to satisfy its obligations in respect of the benefits of any Cognizant Employee that have accrued under the D&B Nonqualified Plans prior to the Effective Time, the Cognizant Group shall make payment when due with respect to such obligations of the D&B Group.
The ACNielsen Group agrees that, in the event the D&B Group is unable to satisfy its obligations in respect of the benefits of any ACNielsen Employee that have accrued under the D&B Nonqualified Plans prior to the Effective Time, the ACNielsen Group shall make payment when due with respect to such obligations of the D&B Group.
Benefits under the D&B Nonqualified Plans shall not become payable to a Cognizant or ACNielsen Nonqualified Plan Participant until such participant terminates employment from the Cognizant Group or the ACNielsen Group (as the case may be).
Cognizant Employees and ACNielsen Employees who were participants in the D&B Nonqualified Plans immediately prior to the Effective Time (the "Cognizant and ACNielsen Nonqualified Plan Participants") shall continue to receive service credit under such plans for their service with the Cognizant Group or the ACNielsen Group (as the case may be) from and after the Effective Time, but solely for purposes of satisfying the one-year waiting requirement for a valid election under the D&B Nonqualified Plans.
Plans immediately prior to the Effective Time (the "Cognizant and ACNielsen Nonqualified Plan Participants") shall continue to receive service credit under such plans for their service with the Cognizant Group or the ACNielsen Group (as the case may be) from and after the Effective Time, but solely for purposes of satisfying the one-year waiting requirement for a valid election under the D&B Nonqualified Plans.
Benefits under the D&B Nonqualified Plans shall not become payable to a Cognizant or ACNielsen Nonqualified Plan Participant until such 21 participant terminates employment from the Cognizant Group or the ACNielsen Group (as the case may be).