RESTRICTION ON PLAN AMENDMENTS. During the Transition Period, neither PepsiCo nor TRICON shall adopt any amendment, or allow any amendment to be adopted, to any of their respective Pension Plans or Savings Plans that, in the opinion of counsel acceptable to both PepsiCo and TRICON, would violate Code Sec. 411(d)(6) or that would create an optional form of benefit subject to Code Sec. 411(d)(6). During the Transition Period, TRICON shall not eliminate any investment option available under the TRICON Savings Plan as of Immediately after the Distribution Date.
Appears in 2 contracts
Sources: Employee Programs Agreement (Tricon Global Restaurants Inc), Employee Programs Agreement (Tricon Global Restaurants Inc)