Service Crediting. In determining whether a Bioverativ Employee is vested in his or her account under the Bioverativ 401(k) Plan, the Bioverativ 401(k) Plan shall credit each Bioverativ Employee with all the individual’s service credited under the Biogen Defined Contribution Plan. Participants in the Biogen Defined Contribution Plan will not be treated as having experienced a severance from employment, within the meaning of Section 401(k)(2)(B)(i) of the Code, for purposes of such plans as a result of the Distribution or the occurrence of the Distribution Effective Time.
Appears in 3 contracts
Sources: Employee Matters Agreement (Bioverativ Inc.), Employee Matters Agreement (Bioverativ Inc.), Employee Matters Agreement (Bioverativ Inc.)