Examples of Rockwell Pension Plan in a sentence
None of the Company or the Company Subsidiaries or the Affiliates of any thereof will have or acquire any interest in or right to any of the assets of the Rockwell Pension Plan, and Rockwell will retain full power and authority with respect to the amendment and termination of the Rockwell Pension Plan and the investment and disposition of assets held in the Rockwell Pension Plan to the extent permitted by law.
The Liabilities assumed by Rockwell, the Rockwell Automation Pension Plan and the Rockwell Automation Group Trust pursuant to the preceding sentence will be considered to have been transferred from the Rockwell Pension Plan and the Rockwell Group Trust to the Rockwell Automation Pension Plan and the Rockwell Automation Group Trust on the Distribution Date.
From and after the Time of Distribution, none of Rockwell or the Rockwell Subsidiaries, the Affiliates of any thereof, the Rockwell Pension Plan or the trust thereunder will have any Liabilities with respect to benefits and entitlements of Conexant Participants under the Rockwell Pension Plan, except with respect to benefits accrued under the Rockwell Pension Plan prior to the Time of Distribution.
The parties acknowledge that the transfers of assets and liabilities from the Rockwell Pension Plan and the Rockwell Group Trust to the Rockwell Automation Pension Plan and Rockwell Automation Group Trust and to the Rockwell Science Center Pension Plan and the Rockwell Science Center Group Trust contemplated hereby will comply with Section 414(l) of the Code and the Treasury Regulations thereunder.
None of Automotive or the Automotive Subsidiaries, the Affiliates thereof, the Automotive Pension Plan or the trust thereunder will have or acquire any interest in or right to any of the assets of the Rockwell Pension Plan, and Rockwell will retain full power and authority with respect to the amendment and termination of the Rockwell Pension Plan and the investment and disposition of assets held in the Rockwell Pension Plan to the extent permitted by law.
Notwithstanding anything to the contrary contained herein, no provision of this Agreement shall be construed to provide any Conexant Employee additional credit for purposes of determining eligibility for any early retirement benefit under the Rockwell Pension Plan.
The Automotive Pension Plan will be substantially similar in all material respects to the Rockwell Pension Plan as of the Time of Distribution, and will provide a benefit formula for Automotive Employees which will be substantially similar in all material respects to the benefit formula that the Rockwell Pension Plan provides as of the Time of Distribution.
From and after the Time of Distribution, none of Rockwell or the Rockwell Subsidiaries, the Affiliates of any thereof, the Rockwell Pension Plan or the trust thereunder will have any Liabilities with respect to benefits and entitlements of Semiconductor Participants under the Rockwell Pension Plan, except with respect to benefits accrued under the Rockwell Pension Plan prior to the Time of Distribution.
From and after the Time of Distribution, none of Rockwell or the Rockwell Subsidiaries, the Affiliates thereof, the Rockwell Pension Plan or the trust thereunder will have any Liabilities with respect to benefits and entitlements of Automotive Employees under the Rockwell Pension Plan, except with respect to benefits accrued under the Rockwell Pension Plan prior to the Time of Distribution.
Rockwell will provide Automotive with prompt notice if an Automotive Employee 7 11 commences receipt of benefits under the Rockwell Pension Plan.