SpinCo Deferred Compensation Plans definition

SpinCo Deferred Compensation Plans means, collectively, the SpinCo Officer Deferred Compensation Plan, the SpinCo Non-Employee Director Deferred Compensation Plan and the SpinCo Savings Restoration Plan.
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SpinCo Deferred Compensation Plans means the SpinCo Deferred Compensation Excess Plan and the SpinCo VIP Excess Plan, in each case, as adopted by SpinCo pursuant to Section 7.1.
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SpinCo Deferred Compensation Plans has the meaning specified in Section 3.06(b).
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Examples of SpinCo Deferred Compensation Plans in a sentence

  • Any election made by a SpinCo Employee under the Parent Deferred Compensation Plans, including without limitation those with respect to compensation deferral, investments, optional forms of benefit, benefit commencement and beneficiaries, shall generally be recognized for the same purposes under the SpinCo Deferred Compensation Plans until such elections are replaced or revoked by the SpinCo Employee who made such election in accordance with the terms of the applicable plans.

  • As of no later than the Distribution Date, SpinCo shall establish the SpinCo Deferred Compensation Plans.

  • No new elections shall be permitted under the Parent Deferred Compensation Plans and SpinCo Deferred Compensation Plans as a result of the transactions contemplated by this Agreement, the Separation Agreement or any Ancillary Agreement.

  • The Transferred Individuals' termination of employment with the Parent Group as a result of the Distribution shall not constitute a termination of employment for purposes of the Parent or SpinCo Deferred Compensation Plans.

  • At or prior to the Effective Time, SpinCo (or a designated member of the SpinCo Group) shall adopt the SpinCo Deferred Compensation Plans, which shall contain terms and conditions that are substantially similar to the terms and conditions of the corresponding RemainCo Deferred Compensation Plans as in effect immediately prior to the Effective Time, subject to such amendments as are necessary to comply with applicable Law.

  • SpinCo shall have sole responsibility for the administration of the SpinCo Deferred Compensation Plans and the payment of benefits thereunder to or on behalf of SpinCo Deferred Compensation Plan Beneficiaries, and no member of the Moon Group shall have any Liability or responsibility therefor.

  • Effective no later than the Distribution Date, SpinCo shall take all action necessary to establish the SpinCo Deferred Compensation Plans that are SpinCo Mirror Plans.

  • Parent and SpinCo shall take all action necessary, including any necessary amendments to such plans, to cause the amounts credited to the accounts of Transferred Individuals under the Parent Deferred Compensation Plans to be transferred to the applicable SpinCo Deferred Compensation Plans.

  • All investment choices of Transferred Individuals under the Parent or SpinCo Deferred Compensation Plans shall also be continued in effect; provided, however, that any portion of a Transferred Individual's account balance that is deemed to be invested in phantom shares of Parent Common Stock shall be converted into deemed investments in phantom shares of SpinCo Common Stock in a manner similar to the conversion of unvested shares of restricted stock as provided in Section 6.1(b)(i) hereof.

  • All investment choices of Transferred Individuals under the Parent or SpinCo Deferred Compensation Plans shall also be continued in effect.


More Definitions of SpinCo Deferred Compensation Plans

SpinCo Deferred Compensation Plans means, collectively, the SpinCo Officer Deferred Compensation Plan, the SpinCo Non-
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SpinCo Deferred Compensation Plans means the Jacobs Technology Inc. Deferred Compensation Plan and the Nonqualified Plan of KeyW Corporation, each as amended from time to time.
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Related to SpinCo Deferred Compensation Plans

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m)(i).

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.