Nonqualified Plans. Buyer shall assume all liabilities and obligations of Seller and its Affiliates with respect to each Transferred Employee under or in connection with the Seller Benefit Plans that are excess benefit plans or nonqualified defined benefit pension plans. Seller shall retain all liabilities and obligations with respect to the Transferred Employees under or in connection with any Seller Benefit Plan that is a nonqualified defined contribution benefit plan.
Appears in 4 contracts
Samples: Purchase Agreement (Dex Media West LLC), Purchase Agreement (Qwest Communications International Inc), Purchase Agreement (Dex Media Inc)
