Plan Transfer Sample Clauses

Plan Transfer. Providing that you have paid for Your Plan in full, Your Plan may be transferred with your Vehicle directly to a new private owner (but not to a member of the motor trade). You must make the Application in writing or by email to ▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇.▇▇.▇▇ within 30 days of the change of ownership, and you must send WarrantyWise proof of last service, a current MoT certificate and any Administration Fee applicable.

Plan Transfer. Promptly after the Distribution Date, the parties shall take such actions as are necessary, if any, to cause the orderly transfer from the Alloy 401(k) Plan to the ▇▇▇▇▇*s 401(k) Plan of the account balances held for the benefit of current and former ▇▇▇▇▇*s Employees and their beneficiaries in a plan-to-plan transfer of assets and liabilities that satisfies the requirements of applicable law (including Sections 411(d) and 414(l) of the Code, Section 306 of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, Regulation 2520.101-3 and any related applicable regulations promulgated by the United States Department of Labor and Regulation BTR promulgated by the Commission). All of such employees are listed on Schedule 5.1(f) hereto. Pending the plan-to-plan transfer as contemplated hereby, the ▇▇▇▇▇*s Group will withhold from the pay of ▇▇▇▇▇*s Employees’ who are participants in the Alloy 401(k) Plan and remit to the Alloy 401(k) Plan all required loan payments due on such ▇▇▇▇▇*s Employees’ participant loans from their Alloy 401(k) Plan accounts, and the Alloy 401(k) Plan will process distributions of terminated employees following their termination from the ▇▇▇▇▇*s Group in the normal course, subject to notification or confirmation of such termination by the ▇▇▇▇▇*s Group. All of such employees are listed on Schedule 5.1(f) hereto.

Plan Transfer. As soon as practicable after the Closing Date, Seller shall cause the transfer of (i) the account balances of the current and former Business Employees who participate under the Thermo Choice Plan (401(k)) Plan (the "Seller's 401(k) Plan"), including outstanding loans of such persons and (ii) assets having a value equal to said account balances to a profit-sharing plan maintained by Buyer which is qualified under Section 401(a) of the Code and which includes a cash or deferred arrangement which qualifies under Section 401(k) of the Code (the "Buyer's 401(k) Plan"). Buyer shall, prior to the Closing, notify Seller in writing of the identity of Buyer's 401(k) Plan and shall cause Buyer's 401(k) Plan to accept the transfers referred to in the prior sentence. The assets transferred shall consist of the assets allocated under Seller's 401(k) Plan to the accounts of current and former Business 100 Employees, including promissory notes evidencing outstanding loans of such persons. From and after the Closing, Buyer shall assume all responsibility for the management and administration of the account balances of the current and former Business Employees under Seller's 401(k) Plan and Seller shall have no further obligations with respect thereto.

Plan Transfer. As soon as practicable after the Closing Date, the Seller shall cause the transfer of (i) the balances of all accounts (including without limitation after-tax accounts) of the current Technical Services Employees who participate under the EG&G, Inc. Savings Plan (the "Existing 401(k) Plan"), including without limitation outstanding loans of such persons, (ii) assets having a value equal to said account balances to a profit-sharing plan maintained by the Buyer which is qualified under Section 401(a) of the Code and which includes a cash or deferred arrangement which qualifies under Section 401(k) of the Code (the "Buyer's 401(k) Plan"), and (iii) an amount equal to the matching contributions which would be paid to such employees calculated as if the Closing Date were the last day of the plan year of the Existing 401(k)

Plan Transfer. Promptly after the Distribution Date, unless the TMP 401(k) Plan shall have been divided into separate, component plans pursuant to the last sentence of Section 5.01(d), the parties will take such actions as are necessary to cause the orderly transfer from the TMP 401(k) Plan to the HHGI 401(k) Plan of the account balances held for the benefit of current and former HHGI Employees and their beneficiaries in a plan-to-plan transfer of assets and liabilities that satisfies the requirements of applicable law (including Sections 411(d) and 414(l) of the Code, Section 306 of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, Regulation 2520.101-3 and any related applicable regulations promulgated by the United States Department of Labor and Regulation BTR promulgated by the Commission). As soon as practicable following the adoption of the HHGI 401(k) Plan, the HHGI Group will apply to the Internal Revenue Service for a determination letter on the initial qualification of the HHGI 401(k) Plan and the exempt status of the trust maintained as a part thereof, and the HHGI Group will adopt such amendments and take such other and further actions as are required by the Internal Revenue Service in order to obtain such determination letter. The plan-to-plan transfer of assets and liabilities from the TMP 401(k) Plan to the HHGI 401(k) Plan may be completed prior to the time such determination letter is obtained, subject to such further assurances as the TMP Group may reasonably require of the HHGI Group that the determination letter will be issued retroactively as of the Distribution Date (or the earlier effective date of the HHGI 401(k) Plan). Pending the plan-to-plan transfer as contemplated hereby, the HHGI Group will withhold from HHGI Employees' pay and remit to the TMP 401(k) Plan all required loan payments due on such HHGI Employees' participant loans from their TMP 401(k) Plan accounts, and the TMP 401(k) Plan will process distributions of terminated employees following their termination from the HHGI Group in the normal course, subject to notification or confirmation of such termination by the HHGI Group.

Plan Transfer. As soon as practicable after the Closing Date, the Seller shall cause the transfer of (i) the account balances of the employees of the Company who participate under the Will▇▇▇▇ ▇▇▇dings, Inc. Retirement Savings 401(k) Plan as of the Closing Date (the "Existing 401(k) Plan") and (ii) assets having a value equal to said account balances to a profit-sharing plan maintained by the Company or the Buyer which is qualified under Section 401(a) of the Code and which includes a cash or deferred arrangement which qualifies under Section 401(k) of the Code (the "Buyer's 401(k) Plan"). The Buyer shall, prior to the Closing, notify the Seller in writing of the identity of the Buyer's 401(k) Plan and shall cause the Buyer's 401(k) Plan to accept the transfers referred to in the prior sentence. The assets transferred shall consist of cash or other assets acceptable to the Buyer and the promissory notes evidencing loans from the Seller's 401(k) Plan to employees of the Company.

Plan Transfer. Bridgeware shall cause the trustees for the Bridgeware 401(k) plan to merge and transfer the assets representing the account balances (vested or not) of the Bridgeware employees under the plan as of the Closing to the Made2Manage Plan, and the Sellers shall indemnify and hold the Acquiror, Bridgeware and the Made2Manage Plan harmless from and against any and all liabilities and claims (including reasonable attorneys' fees and other costs of litigation) with respect to such transfer.

Plan Transfer. If Purchaser maintains a defined contribution plan for its employees ("Purchaser's 401(k) Plan"), assets of the Seller's 401(k) plan equal to the account balances of the Hired Employees under the Seller's 401(k) plan shall be transferred to Purchaser's 401(k) Plan as soon as practicable after the Closing. Purchaser shall amend Purchaser's 401(k) Plan to ensure that all Code 411(d)

Plan Transfer. As soon as practicable following the Closing -------------------- Date, Sellers shall cause the trustees of the United Asset Management Corporation Profit Sharing and 401(k) Plan (the "UAM 401(k) Plan") to transfer to a defined contribution plan maintained by Purchaser or an Affiliate thereof an amount equal to the aggregate account balances of participants (or their beneficiaries) in the UAM 401(k) Plan who are either currently employed by one of the Companies or last employed by one of the Companies immediately prior to separating from service with an Affiliate. Such transfer shall be evidenced by an agreement in a form as shall be mutually agreed upon by the parties hereto.