D&B Savings Plan definition
Examples of D&B Savings Plan in a sentence
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.
If an ACNielsen Employee fails to elect any of the foregoing options prior to the end of the Participant Election Period, (i) his or her balance shall remain in the D&B Savings Plan, and (ii) such employee shall be treated as a ACNielsen Bifurcated Savings Plan Employee.
Participants in the D&B Savings Plan who, immediately prior to the Effective Time, have balances in the D&B Common Stock fund shall have such balances converted, as of the Effective Time, to units in a pooled stock fund consisting of D&B Common Stock, Cognizant Common Shares and ACNielsen Common Shares.
The D&B Group shall retain all other Liabilities relating to the D&B Savings Plan.
From and after the Effective Time, D&B shall continue to sponsor the D&B Savings Plan for the benefit of D&B Post-Distribution Employees, D&B Retirees, D&B Disabled Employees, Cognizant Bifurcated Savings Plan Employees (as defined in Section 3.2(a) below) and ACNielsen Bifurcated Savings Plan Employees (as defined in Section 3.3(a) below).
The Cognizant Group shall assume all Liabilities relating to the participation of (a) Cognizant Transferred Savings Plan Employees in the D&B Savings Plan and in the Cognizant Savings Plan and (b) Cognizant Bifurcated Savings Plan Employees in the Cognizant Savings Plan.
Each of the Cognizant Savings Plan and ACNielsen Savings Plan shall maintain a pooled stock fund, to which the pooled stock fund assets of Cognizant Transferred Savings Plan Employees and ACNielsen Transferred Savings Plan Employees in the D&B Savings Plan shall be transferred on the Cognizant Savings Plan Transfer Date and the ACNielsen Savings Plan Transfer Date (as the case may be).
If a Cognizant Employee fails to elect any of the foregoing options prior to the end of the Participant Election Period, (i) his or her balance shall remain in the D&B Savings Plan, and (ii) such employee shall be treated as a Cognizant Bifurcated Savings Plan Employee.
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.