Nonqualified Plans definition
Examples of Nonqualified Plans in a sentence
Parent shall retain all Liabilities under the Parent Divided Nonqualified Plans for the benefits for Parent Group Employees and Former Parent Group Employees and their respective beneficiaries and/or alternate payees.
Furthermore, TimkenSteel and the TimkenSteel Group will have the sole obligation to restore in the TimkenSteel Spinoff Nonqualified Plans benefits under the Split Nonqualified Plans attributable to any lost participants who were formerly employed in the Steel Business.
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.
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.
The "Nonqualified Plans" means The Readers Digest Association, Inc.