Benefit Plans Generally. Schedule 3.17(a) attached hereto contains a list as of the date hereof of all Benefit Plans, but excluding normal payroll practices, including the continuation of regular wage payments on account of vacation, holiday, jury duty or other like absence.
Benefit Plans Generally. Effective as of the Closing, Seller shall cause the Acquired Companies to cease to be participating employers in the Seller Employee Benefit Plans and, as of the Closing Date, all Transferred Employees shall cease to accrue benefits under and otherwise to participate as active participants in the Seller Employee Benefit Plans. Purchaser agrees that, from the Closing Date until December 31, 2005, it shall, or shall cause one or more of its Designated Affiliates and/or the Acquired Companies to, maintain employee benefit and compensation (including incentive bonus opportunity but excluding (i) post-employment health and life benefits (other than Cobra Coverage), (ii) defined benefit pension benefits for Non-Represented Employees, (iii) equity-based or related compensation, (iv) supplemental executive retirement benefits and (v) deferred compensation arrangements) plans, programs and arrangements for the benefit of the Non-Represented Employees that, when taken as a whole, are comparable to those provided to such Non-Represented Employees immediately before the Closing.
Benefit Plans Generally. Except as otherwise specifically provided in Section 3.4(f) of this Agreement, as of the Rights Closing Effective Time, each SHO Employee (and each such individual’s Plan Payees) shall cease participation in all SHLD Benefit Plans (subject to COBRA obligations, which are assumed by the SHO Group pursuant to Section 3.3(c) above) and, as of such time, SHO shall or shall cause another member of the SHO Group to have in effect or make available such SHO Benefit Plans, including Continuing Plans during the Benefits Transition Period, as are necessary to comply with its obligations pursuant to this Agreement.
Benefit Plans Generally. Schedule 3.18(a) attached hereto contains a true and complete list of all Benefit Plans.
Benefit Plans Generally. Seagate agrees to honor in accordance with their terms all employment, severance and similar agreements to which Xxxxxx is a party and which are listed on the Xxxxxx Disclosure Letter and all accrued benefits that are vested as of the Effective Time under any Xxxxxx Employee Plan. Seagate agrees to provide employees of Xxxxxx with credit for all service with Xxxxxx or its affiliates for purposes of vesting and eligibility under any employee benefit plan, program or arrangement of Seagate or its affiliates. To the extent not otherwise specified in this Agreement, Seagate agrees that Xxxxxx employees who continue to be employed by Xxxxxx after the Effective Time may continue to participate in their current Xxxxxx sponsored employee benefit programs through six months following the Effective Time. Subsequent to such date, Xxxxxx employees shall participate in Seagate employee benefit programs or comparable programs under substantially the same terms and conditions as all other Seagate employees. To the extent not otherwise specified in this Agreement, all Xxxxxx employee benefit programs will cease no earlier than six months following the Effective Time, at a time to be determined by Seagate in its discretion.
Benefit Plans Generally. Schedule 5.17(a) attached hereto contains a true and complete list of all Benefit Plans.
Benefit Plans Generally. Except as otherwise set forth on Schedule 8.4 hereto, the Transferred Employees (and their eligible dependents and beneficiaries) shall cease to participate in any of the Parent's employee benefit plans and programs ("Parent Benefit Plans") effective as of the Closing. The Parent shall retain exclusive liability and responsibility for providing any and all benefits due and payable to or in respect of Transferred Employees and related dependents and beneficiaries under any Parent Benefit Plans in accordance with the terms of such Parent Benefit Plans and applicable law.
Benefit Plans Generally. 35 Section 11.3
Benefit Plans Generally. 33 Section 11.3 Savings Plan ......................................... 33 Section 11.4
Benefit Plans Generally. Schedule 4.20(a) attached hereto contains a true and complete list of all Benefit Plans. Neither Dollar Express nor any ERISA Affiliate is or has ever been a party to any pension plan or welfare benefit plan that is a "multiemployer plan" (within the meaning of Section 3(37) of ERISA), a "multiple employer plan" (within the meaning of Section 413 of the Code) or a "multiple employer welfare arrangement" (within the meaning of Section 3(40) of ERISA). Neither Dollar Express nor any ERISA Affiliate maintains, has ever maintained, or has had any obligation under a plan subject to Title IV of ERISA. Every Benefit Plan which is a "welfare plan" provides benefits either by making direct payments out of general corporate assets or through the purchase of insurance.
