Common use of Buyer Benefit Plans Clause in Contracts

Buyer Benefit Plans. Buyer or one of its Affiliates will recognize all service of the Transferred Employees with Sellers or any of their Affiliates, only for purposes of eligibility to participate in those employee benefit plans, within the meaning of Section 3(3) of ERISA, in which the Transferred Employees are enrolled by Buyer or one of its Affiliates immediately after the Closing Date.

Buyer Benefit Plans. Buyer or one of its Affiliates will recognize all service of the Transferred Employees with Sellers or any of their Affiliates, only Seller: (i) for purposes of eligibility to participate in those employee benefit plans, within the meaning of Section 3(3) of ERISA, in which the Transferred Employees are enrolled by Buyer or one of its Affiliates immediately after the Closing Date; and (ii) for purposes of vacation accrual and severance.

Buyer Benefit Plans. Buyer or one of its Affiliates will recognize ------------------- all service of the Transferred Employees with Sellers Seller or any of their its Affiliates, only for purposes of eligibility to participate in those employee benefit plans, within the meaning of Section 3(3) of ERISA, in which the Transferred Employees are enrolled by Buyer or one of its Affiliates immediately after the Closing Date.

Buyer Benefit Plans. (a) Buyer or one of its Affiliates will recognize all service of the Transferred Hired Employees with Sellers Seller or any of their its Affiliates, only for purposes of eligibility to participate in those employee benefit plans, within the meaning of Section 3(3) of ERISA, in which the Transferred Hired Employees are enrolled by Buyer or one of its Affiliates immediately after the Closing Date.

Buyer Benefit Plans. Buyer or one of its Affiliates will recognize all service of the Transferred Employees with Sellers or any Seller, as required by applicable law (including Section 401 et seq. of their Affiliates, only the Code) and otherwise for purposes of eligibility to participate in those employee benefit plans, within the meaning of Section 3(3) of ERISA, in which the Transferred Employees are enrolled by Buyer or one of its Affiliates immediately after the Closing Date.