Pension transactions Sample Clauses

The 'Pension transactions' clause governs the handling of pension-related assets and liabilities during a transaction, such as a business sale or merger. It typically outlines the responsibilities of the parties regarding the transfer, funding, or settlement of pension plans, and may specify how pension obligations are to be calculated or managed post-transaction. This clause ensures that both parties clearly understand their duties concerning employee pension benefits, thereby preventing disputes and ensuring compliance with relevant laws and regulations.