Director Plans definition
Examples of Director Plans in a sentence
In furtherance of such intention, ATI shall retain all Benefit Liabilities with respect to the services of its Non-Employee Directors under the ATI Non-Employee Director Plans accrued as of the Distribution Date.
The Water Pik Non-Employee Director Plans shall be substantially similar in all Material Features to the corresponding ATI Non-Employee Director Plans as in effect on the Distribution Date.
Water Pik assumes no Benefit Liabilities under the ATI Non-Employee Director Plans.
Effective prior to or within a reasonable time after the Distribution Date, Water Pik shall adopt, or cause to be adopted, the Water Pik Non-Employee Director Plans, for the benefit of Water Pik Non-Employee Directors.
As soon as practicable on or after the Distribution Date, ITT shall cause the transfer of the accounts of all non-employee directors of Water from the ITT Directors Plans to the Water Director Plans.
Effective as of the Distribution Date, Water shall adopt plans and programs for non-employee directors that are identical in all material respects to the ITT Director Plans.
Teledyne Technologies assumes no Benefit Liabilities under the ATI Non-Employee Director Plans.
Benefit obligations under the GenCorp Director Plans for GenCorp directors remaining on the GenCorp Board and retired directors will be retained by GenCorp.
GCB and/or GC Bank shall distribute benefits due to the participants under such Director Plans at the Effective Time, in accordance with Treasury Regulation Section 1.409A-3(j)(4)(ix)(B).
As of the Closing Date, Lucent shall assume and be solely responsible for all Liabilities under the AT&T Non-Employee Director Plans to or relating to Lucent Non-Employee Directors.