Pension and Retirement Plans. Neither Silvermex nor any Silvermex Subsidiary sponsors or participates in any pension and/or retirement plan, whether a money purchase plan or a defined benefit plan or otherwise.
Pension and Retirement Plans. Neither Orko nor any Orko Subsidiary sponsors or participates in any pension and/or retirement plan, whether a money purchase plan or a defined benefit plan or otherwise.
Pension and Retirement Plans. Neither Primero nor any Primero Subsidiary sponsors or participates in any Employee Benefit plan that is a pension or retirement plan, whether a money purchase plan or a defined benefit plan or otherwise.
Pension and Retirement Plans. Neither RDK nor any of the RDK Subsidiaries sponsors or participates in any pension and/or retirement plan, whether a money purchase plan or a defined benefit plan or otherwise.
Pension and Retirement Plans. (i) The USNewco Employees shall participate in the tax-qualified M-I retirement plan for the benefit of similarly situated employees of the M-I Domestic Business in effect as of the day prior to the Effective Time, known as the M-I Profit Sharing and Savings Plan ("M-I Profit-Sharing Plan"), on and after the Effective Time (the "USNewco Profit-Sharing Plan"). M-I shall cause USNewco to assume the sponsorship of the M-I Profit-Sharing Plan, effective as of the Effective Time, and USNewco will take all such steps necessary to facilitate, cause and accept such transfer of plan sponsorship. After the transfer of plan sponsorship, USNewco shall timely take all actions necessary to ensure the plan's continued qualification under the Code, and continued compliance with ERISA and any other applicable laws. Each USNewco Employee, for purposes of vesting and eligibility under the USNewco Profit-Sharing Plan, will be credited with service equal to the eligibility and vesting service such employee had earned as of the Effective Time under the M-I Profit-Sharing Plan.
(ii) M-I and Schlumberger agree that USNewco, as plan sponsor, may amend or modify the USNewco Profit-Sharing Plan following the Effective Time at such times and in such manner as it deems appropriate to provide reasonable benefits to its employees and to maintain the tax-qualified status of the plan and for the plan to remain in compliance with ERISA.
(iii) M-I, Smitx, XXAC and MIPC, with respect to the M-I Profit-Sharing Plan, represent and warrant that the plan, and its related trust, meet, in all material respects, the applicable requirements for qualification under Sections 401(a) and (k) and 501(a) of the Code and comply in all material respects with ERISA. M-I, Smitx, XXAC and MIPC agree to indemnify Schlumberger and Schlumberger MI from and against any liability, penalty, cost or expense, including, but not limited to, reasonable attorney fees, incurred by or imposed on Schlumberger related to the M-I Profit-Sharing Plan prior to the Effective Time.
Pension and Retirement Plans. TSLLC has no pension, retirement or other ERISA plan or program.
Pension and Retirement Plans. Seller is not, and has never been, a party to any Collective Bargaining Agreement between the Seller and any independent employees union.
Pension and Retirement Plans. Except for the Group RRSP identified on Schedule 8 hereto, the Vendor does not have any pension or retirement plan for the employees of the Business.
Pension and Retirement Plans. (a) List of plans This Section 11.3 deals with the following plans: -- Executive Staff Retirement Plan (1976) of Avenor Inc. (the "Vendor's 1976 Staff Plan"); -- Supervisory Employees' Retirement Plan (1976) of Avenor Inc. (the "Vendor's 1976 Supervisory Plan");
Pension and Retirement Plans. The Corporation does not sponsor or participate in any pension and/or retirement plan.
