Credit for Service with Seller. Where applicable, Acquiror and its Affiliates will provide credit for each Transferred Employee’s length of service with Seller and its Affiliates for all purposes (including eligibility, vesting and benefit accrual) under (a) each plan, program, policy or arrangement of Acquiror and its Affiliates to the same extent such service was recognized under a similar plan, program, policy or arrangement of Seller or any of its Affiliates, and (b) applicable Law in each case, except that such prior service credit will not be required to the extent that it results in a duplication of benefits provided by Seller (including any duplication of benefits under a defined benefit pension plan).
Credit for Service with Seller. Where applicable, Acquiror and Acquiror’s Affiliates will provide credit for each Continuing Employee’s length of service with Seller and its Affiliates for all purposes (including eligibility, vesting and benefit accrual) under each plan, program, policy or arrangement of Acquiror and Acquiror’s Affiliates to the same extent such service was recognized under a similar plan, program, policy or arrangement of Seller or any of its Affiliates, except that such prior service credit will not be required to the extent that it results in a duplication of benefits and such prior service credit shall not apply with respect to benefit accrual under any defined benefit pension plan.
Credit for Service with Seller. Where applicable, Purchaser and Purchaser’s Affiliates shall provide credit for each Continuing Employee’s length of service with Seller for purposes of eligibility to participate and vesting (but not for benefit accrual other than with respect to severance and vacation benefits) under each plan, program, policy, or arrangement of Purchaser and Purchaser’s Affiliates to the same extent such service was recognized under a similar plan, program, policy or arrangement of Seller; provided that such prior service credit shall not be required to the extent that it results in a duplication of benefits.
Credit for Service with Seller. If any former employee hired by the Purchaser is given credit under this Agreement for service with the Seller, the service credited shall be determined solely with reference to data provided to the Purchaser by the Seller.
Credit for Service with Seller. Where applicable, Buyer shall credit each Transferred Employee’s length of service with Seller or Seller’s Affiliates for purposes of determining eligibility to participate and vesting (but not for benefit accrual or benefit calculation, except as provided in Sections 6.09 and 6.10) to the same extent such service was recognized under the plan, program, policy, or arrangement of Seller that most closely resembles that to be offered by Buyer.
Credit for Service with Seller. All of Sellers employees hired by ------------------------------ Buyer as of the Closing Date shall retain full credit for prior years of service with Seller and its predecessors for vesting purposes regarding benefits, policies and practices of Buyer.
Credit for Service with Seller. In administering any employee benefit plans and any fringe benefit plans including, without limitation, vacation programs and policies, for the Transferred Employees after the Closing Date, Buyer will grant full credit to each Transferred Employee for all years of service of such Transferred Employee with Seller or Seller's Affiliates for all purposes for which such years of service were recognized by Seller; provided, however, that such credit shall not apply for purposes of benefit accrual under any pension plan except the plans assumed by Buyer pursuant to Section 5.04.
Credit for Service with Seller. Where applicable, and to the extent administratively practicable or otherwise required by applicable Law, Acquiror and its Affiliates will provide credit for each Continuing Employee’s length of service with Seller and its Affiliates and their respective predecessors for all purposes (including eligibility, vesting and benefit accrual) under (a) each plan, program, policy or arrangement of Acquiror and its Affiliates to the same extent such service was recognized under a similar plan, program, policy or arrangement of Seller or any of its Affiliates, and (b) applicable Law (including the Family and Medical Leave Act of 1993) in each case, except to the extent such prior service credit would result in a duplication of benefits (including any duplication of benefits under a defined benefit pension plan).
Credit for Service with Seller. In administering any employee benefit plans for the Transferred Non-Represented Employees after the Closing Date, Buyer will grant full credit to each Transferred Non-Represented Employee for all years of service of such Transferred Non- Represented Employee credited by Seller for any purpose, including without limitation for purposes of determining the amount of benefit coverage under any plan of Buyer providing for post-retirement medical, dental and prescription drug coverage, calculation of severance pay, vesting of benefits, determination of vacation time, sick leave or leave of absence. As soon as practicable after the Closing Date, but not later than thirty (30) days thereafter, Seller shall provide to Buyer a schedule of the years of service credited to each Transferred Non-Represented Employee as of the Closing Date under Seller's Benefit Plans.
Credit for Service with Seller. Where applicable, Purchaser and Purchaser’s affiliates shall credit each Transferred Employee’s length of service with Seller and its affiliates for all purposes, including eligibility and vesting, under each employee benefit plan, program, policy, or arrangement to be provided by Purchaser to such Transferred Employee, provided, however, that such service shall be credited for the purposes of benefit accrual only under a plan, program, policy or arrangement providing severance. Notwithstanding the foregoing, the parties acknowledge and agree that (a) Purchaser’s obligation to provide credit to any Transferred Employee covered by the Guild Contract for prior service with Seller for purposes of determining the appropriate percentage of any matching contribution that Purchaser shall make with respect to contributions to Purchaser’s 401(k) Plan shall be the subject of good faith bargaining with the Guild, and (b) Purchaser is not committing to Seller to provide credit for such purposes for prior service with Seller to any Transferred Employee who is not covered by the Guild Contract.
