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ABII » Topics » 4.01 Assumption of Non-ERISA Benefit Arrangements by the Generico Group; Cessation of Participation in Non-ERISA Benefit Arrangements .

This excerpt taken from the ABII 10-Q filed Dec 20, 2007.

4.01 Assumption of Non-ERISA Benefit Arrangements by the Generico Group; Cessation of Participation in Non-ERISA Benefit Arrangements.

(a) From and after the Distribution Time, the Generico Group shall assume and be solely responsible for the Non-ERISA Benefit Arrangements, including but not limited to the Alpha Option Plan and the American Pharmaceutical Partners, Inc. 2001 Employee Stock Purchase Plan (the “ESPP”), including all Liabilities thereunder.

 

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(b) Each member of the Alpha Group shall cease to participate in all Non-ERISA Benefit Arrangements, including but not limited to the Alpha Option Plan and the ESPP, at the Distribution Time. Participation in the Non-ERISA Benefit Arrangements, including but not limited to the Alpha Option Plan and the ESPP, will cease for all Alpha Personnel at the Distribution Time.

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