Defined Contribution Pension Plans. Buyer agrees that, effective as of the Closing Date, Buyer's defined contribution pension plans that Transferred Employees participate in shall be amended to recognize such Transferred Employees' participation and vesting periods of service with Seller and other members of the BP Group for purposes of determining participation, vesting and the level of company contributions.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/), Asset Purchase Agreement (Tesoro Petroleum Corp /New/)
Defined Contribution Pension Plans. Buyer agrees that, effective as of the Closing Date, Buyer's βs defined contribution pension plans that Transferred Employees participate in shall be amended to recognize such Transferred Employees' β participation and vesting periods of service with Seller and other members of the BP Amoco Group for purposes of determining participation, vesting and the level of company contributions.
Appears in 1 contract
Defined Contribution Pension Plans. Buyer agrees that, effective as of the Closing Date, Buyer's defined contribution pension plans that in which Transferred Employees participate in shall be amended to recognize such Transferred Employees' participation and vesting periods of service with or credited by Seller and other members of the BP Group for purposes of determining participation, vesting and the level of company contributions.
Appears in 1 contract
Samples: Asset Purchase Agreement (Kaneb Pipe Line Operating Partnership Lp)
Defined Contribution Pension Plans. Buyer agrees that, effective as of the Closing Date, Buyer's defined contribution pension plans that Transferred Employees participate in shall be amended to recognize such Transferred Employees' participation and vesting periods of service with Seller and other members of the BP Group for purposes of determining participation, vesting and the level of company contributions.. -38- 50
Appears in 1 contract
Samples: Asset Purchase Agreement (Tesoro Petroleum Corp /New/)
