Common use of Allocation and Assumption of Liabilities Clause in Contracts

Allocation and Assumption of Liabilities. As of the date that ---------------------------------------- Palm establishes the Palm Deferred Compensation Plan, 3Com shall determine the amount of Liabilities under the 3Com Deferred Compensation Plan, attributable to Palm Employees. As soon as administratively practicable thereafter, 3Com shall pay to Palm or to the trustee of the Palm Rabbi Trust, as Palm specifies, an amount of 3Com's Assets equal to such Liabilities. Coincident with the receipt of such transfer of Assets, Palm shall assume all responsibilities and obligations relating to, arising out of, or resulting from such Liabilities.

Allocation and Assumption of Liabilities. As of the date that ---------------------------------------- Palm establishes the Palm Deferred Compensation Plan, 3Com shall determine the amount of Liabilities under the 3Com Deferred Compensation Plan, attributable to Palm Employees. As soon as administratively practicable thereafter, 3Com shall pay to Palm or to the trustee of the Palm Rabbi Trust, as Palm specifies, an amount of 3Com's Assets equal to such Liabilities. Coincident with the receipt of such transfer of Assets, Palm shall assume all responsibilities and obligations relating to, arising out of, or resulting from such Liabilities.