DC Plans Sample Clauses

DC Plans. (i) As of the Rights Closing Effective Time, each SHO Employee who is a participant in a SHLD DC Plan will cease to actively participate in such SHLD DC Plan and each such SHO Employee will be treated as a terminated participant under the SHLD DC Plan, and no additional service will accrue under the SHLD DC Plan after such date for any purpose (e.g., eligibility or vesting) until or unless such SHO Employee again becomes an SHLD employee. Notwithstanding any other provision contained herein, neither SHO nor any SHO Affiliate will have any Liability with respect to an SHLD DC for any SHO Employee, and their respective Plan Payees, except as required by Law.
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DC Plans. Each Buyer U.S. DC Plan will provide for the receipt in cash from the U.S. Transferred Business Employees of “eligible rollover distributions” (as such term is defined under Section 402 of the Code) from the Seller U.S. DC Plans, provided, however, that, with respect to U.S. Transferred Business Employees that elect to rollover their account balances into the Buyer U.S. DC Plans, the Buyer U.S. DC Plan will accept in-kind rollovers of notes corresponding to loans. Prior to the Closing, the Sellers shall have taken all actions necessary to (i) cause all U.S. Transferred Business Employees to be fully vested in their account balances under any Seller U.S. DC Plans and any Title IV Plan and (ii) make to any applicable Seller U.S. DC Plans all employer contributions that would have been made on behalf of such employees had the Transactions not occurred, regardless of any service or end of year employment requirements, but prorated for the portion of the plan year that ends on the Closing Date.
Sample 1
DC Plans. 12.B.(v) Deepwell Injection................................................. 8.C.(i)(b) Deposit............................................................ 3.A.
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DC Plans. Sweden Sweden-5e3 Defined Contribution Defined Contribution Korea Korea- GMDAT Defined Contribution Personal Pension Insurance France GM Strasbourg Defined Contribution Profit sharing plan China JV China JV- SGM Defined Contribution Supplementary contribution plan (SGM Only) Sweden Sweden-5e3 Defined Contribution Flexible ITP Sweden Sweden-5e3 Defined Contribution Wage Earners Sweden Sweden-5e3 Defined Contribution Early Retirements (Charge) Sweden Sweden-5e3 Defined Contribution ITP 1 Salaried Employees Sweden Sweden- 5e3N Defined Contribution Defined Contribution Colombia Colombia-000 Defined Contribution Government termination payment plan (Goverment entity) Sweden Sweden- 5J1 Defined Contribution Flexible ITP Sweden Sweden- 5J1 Defined Contribution Wage Earners Canada Canada Defined Contribution Defined Contribution Registered Pension Plan China JV China JV- SGMW Defined Contribution Supplementary contribution plan (SGMW only) Thailand Thailand (GM Thailand) Defined Contribution Provident Fund Sweden Sweden-5e3 Defined Contribution ELT-plan Thailand Thailand (Chevrolet Defined Contribution Provident Fund Sales Thailand) France GM Strasbourg Defined Contribution Directors Healthcare plan Sweden Sweden- 5J1 Defined Contribution Early Retirements (Charge) Australia Australia-000 Defined Contribution Defined Contribution Plan - Superannuation India India Defined Contribution GM India Superannuation Scheme Taiwan Taiwan Defined Contribution New Plan Thailand Thailand (GM Southeast Operations Ltd.) Defined Contribution Provident Fund Thailand Thailand (GM Thailand Powertrain) Defined Contribution Provident Fund Ireland Ireland- 5F2 Defined Contribution Defined Contribution Italy Italy 5F6 Defined Contribution FON.TE. Italy Italy 5F6 Defined Contribution XXXXX XXXXX Italy Italy 5k6 Defined Contribution COMETA Italy Italy 5F6 Defined Contribution FASDAC - XXXXX XXXXXXX Sweden Sweden- 5J1 Defined Contribution ITP 1 Salaried Employees Sweden Sweden- 5J1 Defined Contribution Defined Contribution UK UK-5J8 Defined Contribution Chevrolet UK Ltd Group Stakeholder Pension Plan UK UK-5J8 Defined Contribution GM(UK)Unclassified Executive Supplemental Pension Plan United States U.S. Defined Contribution Personal Savings Plan for Hourly- Rate Employees (Profit Sharing) United States U.S. Defined Contribution Personal Savings Plan for Hourly- Rate Employees United States U.S. Defined Contribution Savings-Stock Purchase Plan (S- SPP) Colombia Colombia-000 Defined Contribut...
Sample 1

Related to DC Plans

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Welfare Plans (a) For all purposes (including purposes of vesting, eligibility to participate and level of benefits) under the employee welfare benefit plans of Buyer and its affiliates providing benefits to any Acquired Employees after the Closing (the “New Welfare Plans” ), each Acquired Employee shall subject to applicable Law and applicable tax qualification requirements be credited with his or her years of service with Knight Ridder or its affiliates, including the Acquired Companies and their Subsidiaries, before the Closing, to the same extent as such Acquired Employee was entitled, before the Closing, to credit for such service under any similar employee benefit plan in which such Acquired Employee participated or was eligible to participate immediately prior to the Closing, provided that the foregoing shall not apply to the extent that its application would result in a duplication of benefits. In addition, and without limiting the generality of the foregoing, (A) each Acquired Employee shall be immediately eligible to participate, without any waiting time, in any and all New Welfare Plans if such Acquired Employee participated immediately before the consummation of the transactions contemplated by this Agreement in a comparable type of welfare benefit plan of a Seller Entity (such plans, collectively, the “Old Plans” ), and (B) for purposes of each New Welfare Plan providing medical, dental, pharmaceutical and/or vision benefits to any Acquired Employee, Buyer, or, as applicable, an Acquired Company, shall cause all pre-existing condition exclusions and actively-at-work requirements of such New Welfare Plan to be waived for such Acquired Employee and his or her covered dependents, unless such conditions would not have been waived under the comparable plans of Knight Ridder or its affiliates, including the Acquired Companies and their Subsidiaries, in which such Acquired Employee participated immediately prior to the Closing and Buyer shall cause any eligible expenses incurred by such employee and his or her covered dependents during the portion of the plan year of the Old Plan ending on the date such employee’s participation in the corresponding New Welfare Plan begins to be taken into account under such New Welfare Plan for purposes of satisfying all deductible, coinsurance and maximum out-of-pocket requirements applicable to such employee and his or her covered dependents for the applicable plan year as if such amounts had been paid in accordance with such New Welfare Plan.

  • Company Plans Section 1.10(a),.................... 5 Company..........................................................................

  • 401(k) Plans (a) From the Distribution Time and continuing until the 401(k) Plan Transition Date, SpinCo shall become an “adopting employer” (as defined in the Company 401(k) Plan) and the Company 401(k) Plan shall provide for the SpinCo Group to participate in the Company 401(k) Plan for the benefit of SpinCo Employees and Former SpinCo Service Providers, and the Company consents to such adoption and maintenance, in accordance with the terms of the Company 401(k) Plan.

  • Benefit Plans The Executive shall be entitled to participate in any benefit plans relating to stock options, stock purchases, awards, pension, thrift, profit sharing, life insurance, medical coverage, education, or other retirement or employee benefits available to other senior executive employees of the Company, subject to any restrictions (including waiting periods) specified in such plans.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Qualified Plans With respect to each Employee Benefit Plan intended to qualify under Code Section 401(a) or 403(a) (i) the Internal Revenue Service has issued a favorable determination letter, true and correct copies of which have been furnished to Medical Manager, that such plans are qualified and exempt from federal income taxes; (ii) no such determination letter has been revoked nor has revocation been threatened, nor has any amendment or other action or omission occurred with respect to any such plan since the date of its most recent determination letter or application therefor in any respect which would adversely affect its qualification or materially increase its costs; (iii) no such plan has been amended in a manner that would require security to be provided in accordance with Section 401(a)(29) of the Code; (iv) no reportable event (within the meaning of Section 4043 of ERISA) has occurred, other than one for which the 30-day notice requirement has been waived; (v) as of the Effective Date, the present value of all liabilities that would be "benefit liabilities" under Section 4001(a)(16) of ERISA if benefits described in Code Section 411(d)(6)(B) were included will not exceed the then current fair market value of the assets of such plan (determined using the actuarial assumptions used for the most recent actuarial valuation for such plan); (vi) all contributions to, and payments from and with respect to such plans, which may have been required to be made in accordance with such plans and, when applicable, Section 302 of ERISA or Section 412 of the Code, have been timely made; and (vii) all such contributions to the plans, and all payments under the plans (except those to be made from a trust qualified under Section 401(a) of the Code) and all payments with respect to the plans (including, without limitation, PBGC (as defined below) and insurance premiums) for any period ending before the Closing Date that are not yet, but will be, required to be made are properly accrued and reflected on the Current Balance Sheet.

  • Retirement and Welfare Plans Executive shall participate in employee retirement and welfare benefit plans made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in effect from time to time and subject to the eligibility requirements of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from time to time as the Company deems appropriate.

  • Pension and Welfare Plans During the twelve-consecutive-month period prior to the date of the execution and delivery of this Agreement and prior to the date of any Credit Extension hereunder, no steps have been taken to terminate any Pension Plan, and no contribution failure has occurred with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA. No condition exists or event or transaction has occurred with respect to any Pension Plan which might result in the incurrence by the Borrower or any member of the Controlled Group of any material liability, fine or penalty. Except as disclosed in Item 6.11 of the Disclosure Schedule, neither the Borrower nor any member of the Controlled Group has any contingent liability with respect to any post-retirement benefit under a Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA.

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