Common use of Contributions Due Clause in Contracts

Contributions Due. All contributions payable to the Split DC Plans with respect to employee deferrals, matching contributions and employer contributions for HII Employees through the Distribution Date, determined in accordance with the terms and provisions of the Split DC Plans, ERISA and the Code, shall be paid by New NGC or a member of the New NGC Group to the appropriate Split DC Plan prior to the date of any asset transfer described in Section 6.2.

Appears in 2 contracts

Sources: Employee Matters Agreement (Huntington Ingalls Industries, Inc.), Employee Matters Agreement (Huntington Ingalls Industries, Inc.)