Split Date definition
Examples of Split Date in a sentence
The Incentive Options shall be exercisable for 10 years after the Split Date except as otherwise specifically provided in this Agreement.
As of the Plan Split Date, the liabilities under the Mexico Split Pension Plan relating to TimkenSteel Employees and their Plan Payees have ceased to be liabilities of the Mexico Split Pension Plan, and have been assumed by the Mexico Spinoff Pension Plan, and the Bearings Group and the Mexico Split Pension Plan will retain all liabilities with respect to Former TimkenSteel Business Employees, Bearings Employees, and Former Bearings Business Employees.
As of the Plan Split Date, TimkenSteel (acting directly or through a member of the TimkenSteel Group) will cause the TimkenSteel Spinoff DB Plans to recognize and maintain all existing elections, including beneficiary designations, payment form elections and rights of alternate payees under qualified domestic relations orders with respect to TimkenSteel Employees and Former TimkenSteel Business Employees and their respective Plan Payees under the corresponding Split DB Plan.
The exercise price of the shares subject to the Regular Option shall be equal to the closing price of the Company's common shares on the New York Stock Exchange on the Split Date.
The segregation described in this Section 6.7 shall occur no later than 30 days after the Plan Split Date.