Assumption of Foreign Retirement Plans Sample Clauses

Assumption of Foreign Retirement Plans. Effective as of the Effective Date, Dresser shall cause one or more members of the Dresser Group to assume sponsorship of the following plans in their entireties: Belgium Plan 0104 - Reglement de l'Assurance de Groupe Deces/Retraite de la Societe Dresser Europe S.A. (DB Plan) HALLIBURTON COMPANY AGREEMENT AND PLAN OF RECAPITALIZATION APPENDIX VI-8 Brazil Contrato de Instituicao de Plano Previdenciario de Beneficios nao Definidos (DC Pension Fund) France Plan 2501 Masoneilan Retirement Indemnity Germany Plan 2201 - Grundzuge der betrieblichen Altersversorgung fur die Beschaftigten der firma Dresser Europe S.A. (Einbeck and Bremen Branches) (Pension) Plan 2202 - Betriebliche Altersversorgung fur Fuhrungskrafte der International Harvester Company (Management)(Pension) Plan 2203 - Richtlinien uber die Pensionszusagen der International Harvester Company (Pension) Plan 2205 - Pan Geo Atlas (Pension) Plan 2209 - Betriebsvereinbarung uber den Pensionsplan fur die Mitarbeiter der Dresser Europe S.A., Niederlassung Baesweiler (Pension) Dresser Europe S.A., ASS Plan 2210 - Dresser Europe GmbH (aka Dresser Europe S.A.) Hong Kong National Mutual Central Provident Fund Italy TFR Plans (Nos. 5641, 5981, and 5983) Japan DVD - Nimco Qualified Pension Plan for Retirement Netherlands Bedrijfspensioenfonds Voor de Metaal (Industry-wide DB plan) HALLIBURTON COMPANY AGREEMENT AND PLAN OF RECAPITALIZATION APPENDIX VI-9 Excedent Pension Plan Delta Xxxxx (Top Hat DB plan) Plan 58457 - Excedent Verzeuering (Top Hat Pension Insurance Regulations) Norway Plan 16411 - Tjenestepenjonsforsikring (DB Plan) South Africa Plan 0000 - Xxxxxxx Xxxxx Xxxxxx Staff Pension Scheme (DB Plan) Metal Industries Provident Fund (Industry-wide DC Plan) Sweden Xxxxx Plan (DC Plan for Managing Director) STP Plan for Wage Earner (centralized industry-wide pension plan) ITP Plan for Salaried Employees (centralized industry-wide pension plan) Book reserve for current retirees and terminated vesteds Xxxxxxxxxxx Xxxx 00000 - Xxxxxxxxxxxxx Xxx Xxxxxxxxxxxxxxxxxxxxxx (XX plan) Effective immediately before the Effective Date, the members of the Parent Group shall withdraw from participation in and sponsorship of the foregoing plans and shall not be responsible for providing any benefits under such plans. For purposes of the Closing Balance Sheet, the PBO calculated in accordance with FAS 87 with respect to the plans listed in this Section 5.1, where applicable, shall be determined using the same actuarial assumpt...
Sample 1
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Related to Assumption of Foreign Retirement Plans

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Termination of 401(k) Plan The Company agrees to terminate its 401(k) plan immediately prior to the Closing, unless Parent, in its sole and absolute discretion, agrees to sponsor and maintain such plan by providing the Company with notice of such election at least five days before the Effective Time.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Termination of Benefit Plans Effective as of the day immediately preceding the Closing Date, the Company shall terminate all Company Employee Plans that are “employee benefit plans” subject to ERISA including any Company Employee Plans intended to include a Code Section 401(k) arrangement (unless Buyer provides written notice to the Company no later than three Business Days prior to the Closing Date that such 401(k) plans shall not be terminated). Unless Buyer provides such written notice to the Company, no later than three Business Days prior to the Closing Date, the Company shall provide Buyer with evidence that such Company Employee Plan(s) have been terminated (effective no later than the day immediately preceding the Closing Date) pursuant to resolutions of the Company Board. The form and substance of such resolutions shall be subject to review and approval of Buyer. The Company also shall take such other actions in furtherance of terminating such Company Employee Plan(s) as Buyer may reasonably require. In the event that termination of the Company’s 401(k) Plan would reasonably be anticipated to trigger liquidation charges, surrender charges or other fees then the Company shall take such actions as are necessary to reasonably estimate the amount of such charges and/or fees and provide such estimate in writing to Buyer no later than ten Business Days prior to the Closing Date.

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Participation in Retirement and Employee Benefit Plans The Employee shall be entitled to participate in all plans relating to pension, thrift, profit-sharing, group life and disability insurance, medical and dental coverage, education, cash bonuses, and other retirement or employee benefits or combinations thereof, in which the Bank's executive officers participate.

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