Employee Benefit Plans Generally. You shall be entitled to participate in all employee benefit plans which the Company provides or may establish from time to time for the benefit of its senior executives.
Employee Benefit Plans Generally. (a) Except as otherwise provided under the Transition Services Agreement, Parent and its Affiliates will take such action as is necessary such that, as of the applicable Transfer Time, each Purchased Company ceases participation in each Employee Benefit Plan maintained by Parent or any of its Affiliate (other than an Assumed Benefit Plan). Except as otherwise provided under Sections 7.13 and 7.14, each Purchased Company will retain all Liabilities under any Employee Benefit Plans maintained by such Purchased Company as of the Closing.
Employee Benefit Plans Generally. As of the Distribution Date, all SWS medical, dental, disability, life insurance and similar plans provided by SWS Group to its employees shall terminate as to employees of Westwood Group. Westwood will adopt employee benefit plans that will be substantially similar to plans provided by SWS to be effective as of the Distribution Date.
Employee Benefit Plans Generally. Except as required by applicable Law or otherwise expressly provided in this Section 6.2(c), as of the Closing Date, the Acquired Company shall terminate their participation in each Retained Benefit Plan, and in no event shall
Employee Benefit Plans Generally. (a) For a period of 12 months following the Closing Date, Buyer will provide employee benefits to Transferred Employees under Employee Benefit Plans maintained by Buyer that are (x) substantially similar to those provided to Buyer’s similarly situated employees or, at Buyer’s option, (y) substantially comparable in the aggregate to those provided to Transferred Employees under the Employee Benefit Plans immediately prior to the Closing.
Employee Benefit Plans Generally. (a) Parent and its Affiliates will take such action as is necessary such that, as of the Closing, each Purchased Company ceases participation in each Employee Benefit Plan maintained by Parent or any of its Affiliates (other than the Target Benefit Plans) and retain, and will be solely responsible for, all Liabilities under any Employee Benefit Plan that is not a Target Benefit Plan). Each Purchased Company will retain all Liabilities under any Target Benefit Plans to the extent disclosed on Section 3.15(a) of the Disclosure Letter.
Employee Benefit Plans Generally. (a) Seller and its Subsidiaries will take such action as is necessary such that, as of the Closing Date, the Acquired Companies cease participation in each Employee Benefit Plan. Except as otherwise provided herein, after the Closing Date Seller will retain all liabilities for claims under such Employee Benefit Plans, whether such claims are made before, on or after the Closing Date.
Employee Benefit Plans Generally. 60 SECTION 7.3 401(k) PLAN . . . . . . . . . . . . . . . . . 61 SECTION 7.4 WELFARE PLANS . . . . . . . . . . . . . . . . 61 SECTION 7.5 RETIREE HEALTH . . . . . . . . . . . . . . . 62 SECTION 7.6
Employee Benefit Plans Generally. As of the Closing Date, except as otherwise set forth in the Transition Services Agreement, the Acquired Company shall terminate its participation in each Benefit Plan that is not an Assumed Benefit Plan, and in no event shall any Transferred Employee be entitled to accrue any benefits under such Benefit Plans with respect to services rendered or compensation paid on or after the Closing Date, provided that to the extent a Transferred Employee participates in a Benefit
Employee Benefit Plans Generally. Effective as of the Closing Date, Purchaser will (or will cause the Company to) provide employee benefits to Company Employees under employee benefit plans maintained by Purchaser or the Company, which benefits will be substantially similar in the aggregate to those currently provided to the Company's employees until March 31, 2007; provided, however, that the employee benefits provided to any Company Employees who are covered by a collective bargaining agreement will be governed by the terms thereof. Seller acknowledges that it has been provided with information regarding the employee benefit plans currently maintained by Purchaser, and Purchaser will not be required to adopt any new employee benefit plan or modify any of its existing plans except as expressly set forth in Section 8.3 hereof.
