Assumption of Collective Bargaining Agreements. Labor Relations 10 Section 3.04. Assumption of Individual Kontoor Brands Employee Agreements and Kontoor Brands Contractor Agreements 10 Section 3.05. Assignment of Specified Rights 10 ARTICLE 4 PLANS Section 4.01. Plan Participation 11 Section 4.02. Service Credit 11 ARTICLE 5 RETIREMENT PLANS Section 5.01. 401(k) Plan 11 Section 5.02. Non-U.S. Defined Contribution Plans 12 Section 5.03. VF U.S. Qualified Pension Plan 12 Section 5.04. Non-U.S. Pension Plans 12 Section 5.05. VF NQ Savings Plans 12 Section 5.06. VF DCP 13 Section 5.07. VF SERP 13 Section 5.08. VF Directors Savings Plan 13 Section 5.09. Section 409A 14 ARTICLE 6 HEALTH AND WELFARE PLANS; PAID TIME OFF AND VACATION
Assumption of Collective Bargaining Agreements. As of or prior to the Distribution Date, SpinCo shall have retained or assumed, or shall have caused a SpinCo Entity to retain or assume, each Collective Bargaining Agreement covering SpinCo Employees, and no Moon Entity shall have any further Liability thereunder. Prior to the Distribution Date, Moon shall have complied and caused its Affiliates to comply, in all material respects, with all of the terms and conditions set forth in each such Collective Bargaining Agreement and with applicable Laws covering Moon’s and any Moon Affiliate’s Employees, including but not limited to the fulfillment of any labor- or employment-related notice, information, or consultation requirements relating to the matters contemplated hereby.
Assumption of Collective Bargaining Agreements. (i) As of the Closing Date, Buyer shall cause the Companies to continue to perform the requirements, obligations and liabilities of that Company under the Collective Bargaining Agreement listed in Schedule 4.9(d) (individually, a “CBA,” collectively, the “CBAs”). For employees of any of the Companies covered by a CBA, the obligations of the Buyer and the Companies set forth in this Section 6.14 shall be subject to the terms of the applicable CBA and all applicable labor and employment law requirements. Notwithstanding anything contained in this Section 6.14 to the contrary, the covenants contained in Sections 6.14(d)(i) and (e)(i) shall not be applicable to any employees of the Companies covered by a CBA.
Assumption of Collective Bargaining Agreements. As of the Closing Date, the Purchaser or one of its Affiliates shall assume the collective bargaining agreements listed on Section 3.23 of the Disclosure Schedule (the "Labor Agreements"). The Purchaser or one of its Affiliates shall recognize and give full credit to each of the Transferred Employees covered by the Labor Agreements (the "Transferred Union Employees") for service and seniority with or recognized by the Seller or any of its Affiliates to the extent required by the applicable Labor Agreement. The cessation of employment of the Transferred Union Employees with the Seller or any of its Affiliates and their subsequent employment with the Purchaser or one its Affiliates shall not be deemed by the Purchaser to be a break in service or seniority for purposes of the Labor Agreements. The Purchaser and the relevant Affiliates shall recognize the layoff status and current seniority status of Covered Employees covered by a collective bargaining agreement who are on layoff status as of the Closing Date.
Assumption of Collective Bargaining Agreements. Effective as of the Closing Date, Buyer or Buyer’s designated Affiliate, as applicable, shall (i) recognize the applicable labor organizations that are parties to the Collective Bargaining Agreements as the respective exclusive bargaining representatives of the Represented Employees; (ii) recognize each Buyer Employee’s service with Employer (including prior service with Employer’s predecessors) for all purposes under the Collective Bargaining Agreements, such that each Buyer Employee’s seniority date and years of service remain intact after Closing; and (iii) subject to Section 9.3(a)(iii),to the extent applicable to the Plants, assume each of the Collective Bargaining Agreements, and become the employer of such Represented Employees as if there had been no change in their employer.
Assumption of Collective Bargaining Agreements. At the Closing, Seller shall assign to Buyer and, except as otherwise provided herein, Buyer shall offer to assume the Collective Bargaining Agreements set forth on Schedule 4.17 that cover hourly Business employees who are or were represented by a collective bargaining agent (the "Union Represented Employees"). Buyer shall inform each union representing Business employees that it is willing to assume their respective Collective Bargaining Agreement.
Assumption of Collective Bargaining Agreements. Labor Relations. 12 Section 3.04. Assumption of Individual Lithium Employee Agreements and Lithium Contractor Agreements. 12 Section 3.05. Assignment of Specified Rights. 13 ARTICLE IV PLANS 13 Section 4.01. Plan Participation. 13 Section 4.02. Adoption and Administration of Lithium Plans; Service Credit. 13 RETIREMENT PLANS 14 Section 5.01. 401(k) Plan. 14 Section 5.02. Non-U.S. Defined Contribution Plans. 15 Section 5.03. Parent U.S. Qualified Pension Plan. 15 Section 5.04. Non-U.S. Pension Plans. 16 Section 5.05. Parent NQ Savings Plan. 16 Section 5.06. Parent NQ Pension Plan. 17 ARTICLE VI HEALTH AND WELFARE PLANS; PAID TIME OFF AND VACATION 18 Section 6.01. Cessation of Participation in Parent H&W Plans; Participation in Lithium H&W Plans. 18 Section 6.02. Assumption of Health and Welfare Plan Liabilities. 18 Section 6.03. Post-Retirement Health and Welfare Benefits. 19
Assumption of Collective Bargaining Agreements. On the Closing Date, AIMCO agrees to assume and adopt the collective bargaining agreements of Casden and the Casden Subsidiaries identified in Section 4.17(b) of the Casden Disclosure Letter and to offer employment to all employees of Casden and the Casden Subsidiaries covered by those collective bargaining agreements.
Assumption of Collective Bargaining Agreements. Purchaser shall assume all Labor Agreements (solely with respect to Affected Employees) as of the Closing; it being understood that Purchaser will be substituted for Seller as the employer under the Labor Agreements solely with respect to the Represented Employees, and that except as provided in Sections 7.5(d) and (h) for certain pension and retiree life and health benefits, the benefits provided to Represented Employees under the Labor Agreements will no longer be provided through Seller Employee Benefit Plans as of the Closing but will be provided through benefit plans provided by Purchaser.
Assumption of Collective Bargaining Agreements. At the Closing, the Sellers shall assign to Buyer and, except as otherwise provided herein, Buyer shall offer to assume the Collective Bargaining Agreements set forth on SCHEDULE 3.1(g)(ii) that cover Division Employees who are or were represented by a collective bargaining agent (the "UNION REPRESENTED EMPLOYEES"). Buyer shall inform each union representing Division Employees that it is willing to assume their respective Collective Bargaining Agreement.
