Examples of Spin Date in a sentence
The distribution will be effective at 5:00 p.m. Eastern time on the Spin Date (the “Effective Time”).
If Xxxxxxxx is required under the Code to allocate to the WPX Group or any of its members any carryovers of any losses, credits or other Tax Attributes to periods following the Spin Date, Xxxxxxxx shall not be entitled to reimbursement from WPX by reason of such carryover.
From and after the Distribution Date until the Retirement Spin Date, any benefits accrued prior to the Distribution Date that would otherwise be payable to Transferred Participants under the Post Retirement Plan shall be paid or continue to be paid out of the Retirement Plan of Ralcorp, and the amounts to be transferred to the Post Retirement Plan shall be reduced by the amount of such payments.
After the Retirement Spin Date, any pension benefits that accrued prior to the Distribution Date that would have otherwise been payable to the Transferred Participants under the Retirement Plan of Ralcorp shall instead be payable to such Transferred Participants under the Post Retirement Plan.
As soon as practicable after the Retirement Spin Date, Post shall take all necessary steps to have the Post Retirement Plan accept assets and Liabilities from the Retirement Plan of Ralcorp based on a final actuarial calculation representing any benefits accrued by Transferred Participants.