Parent Savings Plan definition

Parent Savings Plan means the U.S. Bancorp 401(k) Savings Plan as in effect as of the time relevant to the applicable provision of this Agreement.

Parent Savings Plan means the Equitrans Midstream Corporation Employee Savings Plan.

Parent Savings Plan means the Arconic Salaried Retirement Savings Plan, as Amended and Restated effective January 1, 2015 and the Arconic Bargaining Retirement Savings Plan, as amended and restated effective January 1, 2015.

Examples of Parent Savings Plan in a sentence

• Any outstanding participant loans to Xxxxx Xxxxxxx Employees who elect a transfer under the Parent Savings Plan of their account to the Xxxxx Xxxxxxx Savings Plan shall be transferred to the Xxxxx Xxxxxxx Savings Plan in kind.

• Xxxxx Xxxxxxx will cause the Xxxxx Xxxxxxx Savings Plan to accept direct and indirect rollovers from the Parent Savings Plan of any account balances of such Xxxxx Xxxxxxx Employees in accordance with the applicable provisions of the Code.

• Parent agrees to provide to ElderCare, as soon as practicable after the Distribution Date, a list of the ElderCare Individuals who were participants in or are otherwise entitled to benefits under the Parent Savings Plan, including descriptions of their respective account balances and the protected benefits (within the meaning of Section 411(d)(6) of the Code) attached to their accounts.

• The transfer of any Spinco Group Employee’s employment to the Spinco Group will not result in the loss of that Spinco Group Employee’s unvested benefits (if any) under the applicable Parent Savings Plan, the Liability for which benefits will be assumed under the corresponding Spinco Savings Plan as provided herein.

• As a result of Section 3.2 and to the extent that, immediately prior to asset transfers under Section 3.2, the Parent Savings Plan holds both Parent Common Stock and ElderCare Common Stock and shares of such securities are transferred to the ElderCare Savings Plans pursuant to Section 3.2, Parent and ElderCare shall assume sole responsibility for ensuring that their respective Savings Plans are maintained in compliance with applicable laws with respect to holding shares of common stock of the other entity.

More Definitions of Parent Savings Plan

Parent Savings Plan has the meaning specified in Section 2.13(b).

Parent Savings Plan means The Pepco Holdings, Inc. Retirement Savings Plan, as in effect immediately prior to the Closing.

Parent Savings Plan shall have the meaning set forth in Section 3.15 hereof.

Parent Savings Plan means the tax-qualified retirement plan maintained by Parent, for the benefit of employees of Parent and its Affiliates, which is intended to satisfy the requirements of Sections 401(a), 401(k) and 401(m) of the Code.

Parent Savings Plan has the meaning ascribed to it in Section 2.04(b) of this Agreement;

Parent Savings Plan means, the Parent employee savings plans and any other Benefit Plan maintained by any member of the Parent Group in which Energy Supply Employees participate immediately before the Separation Time and that are intended to satisfy the requirements of Sections 401(a) and 401(k) of the Code.

Parent Savings Plan means the Starwood Hotels & Resorts Worldwide, Inc. Savings and Retirement Plan.