Puerto Rico Pension Plan Sample Clauses

Puerto Rico Pension Plan. Subject to applicable law and the ------------------------ provisions of the Baxter Healthcare Corporation of Puerto Rico Pension Plan (the "Baxter PR Pension Plan"), as soon as administratively practicable ---------------------- following the establishment of the Edwards Puerto Rico Pension Plan, or effective as of any other date as agreed to in writing by the plan administrator for the Baxter PR Pension Plan and the plan administrator for the Edwards Puerto Rico Pension Plan, the accrued benefits of all Baxter PR Pension Plan participants who are Edwards PR Employees shall be transferred from the Baxter PR Pension Plan to the Edwards Puerto Rico Pension Plan (the "PR Transferred -------------- Accrued Benefits"). The amount of Transferred Accrued Benefits shall be ---------------- determined by the actuaries for the respective plans by the Distribution Date in accordance with the methodology described in Schedule 12.9 and shall be the ------------- amount which is equal to the benefits of the Edwards PR Employees as of the date of the transfer determined on a plan termination basis. Each Edwards PR Employee shall receive credit for all purposes under the Edwards Puerto Rico Pension Plan for the periods of service with Baxter Healthcare Corporation of Puerto Rico or any of its Subsidiaries or Affiliates. The plan administrator for the Edwards PR Pension Plan shall take any other action reasonably requested by the plan administrator for the Baxter PR Pension Plan that is necessary or advisable, in the opinion of the plan administrator for the Baxter PR Pension Plan, to maintain the tax-qualified status of the Baxter PR Pension Plan or to avoid the imposition of any penalties with respect to such plan.
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Related to Puerto Rico Pension Plan

  • Pension Plan Neither the Company nor any Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plan which is subject to Title IV of ERISA or Section 412 of the Code.

  • Pension Benefit Plans All Pension Benefit Plans maintained by each Covered Person or an ERISA Affiliate of such Covered Person qualify under Section 401 of the Code and are in compliance with the provisions of ERISA to the extent ERISA is applicable and all other Material Laws. Except with respect to events or occurrences which do not have and are not reasonably likely to have a Material Adverse Effect on any Covered Person, and to the extent ERISA is applicable to any such Pension Benefit Plans:

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

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

  • 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.

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • 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.

  • 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:

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