BENEFIT PLANS AND RELATED MATTERS. Except for employees subject to collective bargaining agreements and subject to the provisions of Parent's policies and programs, any employee of the Company retained by Purchaser or its affiliates after the Closing Date (each, a "Transferred Employee") shall be eligible to participate or eligible for accrual of benefits, vesting and contributions or accruals to be made or credited following the Closing Date under each of Parent's employee benefit plans, programs or arrangements available to all or substantially all of Parent's employees, subject to the terms upon which such plans allow new participation by Purchaser's employees. Each Transferred Employee shall be credited with the time-in-service that the employee accrued with the Company.
Appears in 7 contracts
Samples: Acquisition Agreement and Plan of Merger (Mail Well Inc), Acquisition Agreement and Plan of Merger (Mail Well Inc), Acquisition Agreement and Plan of Merger (Mail Well Inc)
