Common use of Defined Contribution Pension Plans Clause in Contracts

Defined Contribution Pension Plans. Buyer covenants that, effective as of the expiration of the Transition Period, Buyer or Buyer’s Affiliates’ defined contribution pension plans in which the Transferred Employees participate shall be amended to recognize such Transferred Employees’ participation and vesting periods of service with Seller Group for purposes of determining participation, vesting and the level of company contributions to the extent permissible under Law.

Defined Contribution Pension Plans. Buyer covenants that, effective as of the expiration of the Transition PeriodClosing Date, Buyer Buyer’s, or Buyer’s Affiliates’ ’, defined contribution pension plans in which the Transferred Employees participate shall be amended to recognize such Transferred Employees’ participation and vesting periods of service with Seller Group and its Affiliates for purposes of determining participation, vesting and the level of company contributions to the extent permissible under Lawcontributions.

Defined Contribution Pension Plans. Buyer Purchaser covenants that, effective as of the expiration of the Transition Period, Buyer Purchaser or BuyerPurchaser’s Affiliates’ defined contribution pension plans in which the Transferred Employees participate shall be amended to recognize such Transferred Employees’ participation and vesting periods of service with Seller Group for purposes of determining participation, vesting and the level of company contributions to the extent permissible under Law.

Defined Contribution Pension Plans. Buyer covenants that, effective as of the expiration of the Transition Periodapplicable Employee Transfer Date, Buyer Buyer’s, or Buyer’s Affiliates’ ’, defined contribution pension plans in which the Transferred Employees participate shall be amended to recognize such Transferred Employees’ participation and vesting periods of service with Seller Group and its Affiliates for purposes of determining participation, vesting and the level of company contributions to the extent permissible under Lawcontributions.

Defined Contribution Pension Plans. Buyer Purchaser covenants that, effective as of the expiration of the Transition Period, Buyer Purchaser or BuyerPurchaser’s Affiliates’ defined contribution pension plans in which the Transferred Employees participate shall be amended to recognize such Transferred Employees’ participation and vesting periods of service with Seller Group for purposes of determining participation, vesting and the level of company contributions to the extent permissible under Lawcontributions.