Pension and Savings Plans Sample Clauses

Pension and Savings Plans. (a) Each employee of the Subsidiary who is a current participant in the Falcon Building Products, Inc. Employee Savings Plan (the "SAVINGS PLAN") (i) shall have his or her accrued benefit under the Savings Plan become 100% vested and nonforfeitable as of the Closing Date and (ii) shall be entitled to receive an allocation of any and all employer contributions made to the Savings Plan for the plan year which includes the Closing Date, including the contributions required to be made pursuant to paragraph (f) of this Section 4.13. Each employee of the Subsidiary who is a current participant in the Falcon Building Products, Inc. Cash Balance Pension Plan (the "CASH BALANCE PLAN") shall have his or her accrued benefit under the Cash Balance Plan become 100% vested and nonforfeitable.
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Pension and Savings Plans. 7.1 The Company will provide a Defined Contribution Pension Plan. Beginning on the first day of the month after an eligible employee reaches three (3) months of Net Credited Service, he or she will automatically be credited with a Company contribution equal to 2% of eligible earnings for each pay period. Employee contributions are not permitted. All DCPP contributions are vested upon completing 24 months of Net Credited Service.
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Pension and Savings Plans. As of and effective on the Closing Date, Vendor shall transfer to Purchaser all its rights and obligations under the Pension Plan for the employees of Cascades Resources, a division of Cascades Fine Papers Group Inc. (the “Pension Plan”) and Purchaser shall become the sponsor of the Pension Plan and, subject to the other provisions of this Agreement, assume all the rights and obligations of Vendor thereunder. Active members of the Pension Plan who are not Employees shall have their rights under the Pension Plan dealt with in accordance with its rules and relevant applicable pension Law.
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Pension and Savings Plans. 31 10.06 Vacation........................................................31 10.07
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Pension and Savings Plans. Effective as of the Closing Date, Seller shall fully vest all Transferred Employees in their accrued benefits under its tax-qualified defined benefit pension plans. Such pension plan obligations shall remain the sole responsibility of such Seller plan. Following the Closing Date, Buyer shall designate a defined contribution plan which is qualified under Section 401(a) of the Code to which Transferred Employees may elect to roll over all or a portion of their distributions under such a plan maintained by Seller in which such employees currently participate.
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Pension and Savings Plans. The Sellers shall retain and be responsible for all liabilities and obligations arising under the defined benefit pension plan and savings plan sponsored by Xxxx which cover the employees of Xxxxx.
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Pension and Savings Plans. Effective as of the Seller Employment Termination Date (or as to Company Employees on short-term disability leave on such date, as of the date of employment by Buyer), Buyer shall cause each Buyer Controlled Group member employing Continuing Employees to provide for participation by the Continuing Employees in the pension plans, within the meaning of Section 3(2) of ERISA, of such Buyer Controlled Group member, on terms and conditions that are substantially the same as those that are applied to other similarly situated employees of Buyer or members of the Buyer Controlled Group. Buyer will use commercially reasonable efforts to cause a section 401(k) plan (or other eligible retirement plan) maintained by Buyer to accept direct rollovers of Continuing Employee’s eligible rollover distributions (including, to the extent permitted under the Code, plan loan notes) from Seller’s section 401(k) plan as elected by Continuing Employees; provided however, that Buyer shall have no obligation to cause the trustee of Buyer’s section 401(k) plan (or other eligible retirement plan) to accept any such rollover distribution if Buyer does not receive proof which is satisfactory to Buyer that Seller’s section 401(k) plan will be qualified under section 401(a) of the Code at the time of the rollover.
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Pension and Savings Plans 
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Related to Pension and Savings Plans

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Pension and Profit Sharing Plans Executive shall be entitled to participate in any pension or profit sharing plan or other type of plan adopted by Company for the benefit of its officers and/or regular employees.

  • Pension and Welfare Plans During the twelve-consecutive-month period prior to the date of the execution and delivery of this Agreement and prior to the date of any Credit Extension hereunder, no steps have been taken to terminate any Pension Plan, and no contribution failure has occurred with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA. No condition exists or event or transaction has occurred with respect to any Pension Plan which might result in the incurrence by the Borrower or any member of the Controlled Group of any material liability, fine or penalty. Except as disclosed in Item 6.11 of the Disclosure Schedule, neither the Borrower nor any member of the Controlled Group has any contingent liability with respect to any post-retirement benefit under a Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement and Welfare Plans Executive shall participate in employee retirement and welfare benefit plans made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in effect from time to time and subject to the eligibility requirements of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from time to time as the Company deems appropriate.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

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