Seller Benefit Plan definition

Seller Benefit Plan means each Employee Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to by Seller or any of its Affiliates, or with respect to which Seller or any of its Affiliates may have any Liability, and in which one or more Business Employees participates.

Seller Benefit Plan means each Benefit Plan that is not a Transferred Entity Benefit Plan.

Seller Benefit Plan has the meaning set forth in Section 4.8(a).

Examples of Seller Benefit Plan in a sentence

• Effective as of the Closing Date, except as otherwise specifically provided in this Agreement or by applicable Law or the terms of the Seller Benefit Plans, all Transferred Employees and their eligible dependents and beneficiaries will cease any participation in, and any benefit accrual under, any Seller Benefit Plan other than the Company Plans.

• With respect to any Seller Benefit Plan providing for adoption assistance, relocation benefits, and/or executive physical examinations, Seller shall, on or as soon as reasonably practicable following the Closing, reimburse each Transferred Employee for any accrued but unreimbursed expenses and, for the avoidance of doubt, any Liabilities or obligations with respect to such Seller Benefit Plans shall be Excluded Liabilities.

• Section 5.15(a) of the Parent/Seller Disclosure Letter separately identifies each such Seller Benefit Plan that is a Company Plan (regardless of materiality).

More Definitions of Seller Benefit Plan

Seller Benefit Plan means each Benefit Plan that is maintained or sponsored by the Company, Seller, or their respective ERISA Affiliates, or with respect to which the Company, Seller or their respective ERISA Affiliates is a party, participates, has a commitment to create or has any Liability, other than a Business Benefit Plan.

Seller Benefit Plan shall have the meaning ascribed to it in Section 3.13(b).

Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

Seller Benefit Plan means any Benefit Plan other than a Purchased Company Benefit Plan.

Seller Benefit Plan means any Benefit Plan for which any Seller Party is or has been the “plan sponsor” (as defined in Section 3(16)(B) of ERISA) or any Benefit Plan any Seller Party maintains or has previously maintained or to which it is obligated to make payments or has or may have any current or future Liability, in each case with respect to any present or former employees of any Seller Party, and any Qualified Plan that was terminated since December 31, 2011.

Seller Benefit Plan means any Benefit Plan that is not a Purchased Subsidiary Benefit Plan.

Seller Benefit Plan means all employee benefit plans (within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA) and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree health or life insurance, supplemental retirement, superannuation, gratuity, jubilee, provident fund, employment, severance, retention, termination, change in control, welfare, post-employment, profit-sharing, disability, health, vacation, sick leave benefits, fringe benefits or other benefit plans, programs, agreements or arrangements, (a) that are sponsored, maintained, contributed to or required to be maintained or contributed to by Seller or any of its Affiliates, in each case providing benefits to any Business Employee, or (b) under which the Company has any Liability or any obligation to contribute (whether actual or contingent).