Common use of Subsequent Employer Clause in Contracts

Subsequent Employer. Except as provided in Section 5.6 herein, if, during the one-year period following the Effective Time, a D&B Post-Distribution Employee, a Cognizant Employee or ACNielsen Employee terminates employment with his or her employer and then immediately commences employment with one of the D&B Group, the Cognizant Group or the ACNielsen Group, the subsequent employer shall cause to be recognized (to the extent applicable) such employee's past service with the D&B Group, the Cognizant Group or the ACNielsen Group to the extent recognized under similar plans maintained by the prior employer. Notwithstanding the foregoing, no past service shall be recognized with respect to pension accruals under the defined benefit plans of the subsequent employer.

Appears in 3 contracts

Sources: Employee Benefits Agreement (Acnielsen Corp), Employee Benefits Agreement (Cognizant Corp), Employee Benefits Agreement (Dun & Bradstreet Corp)