Common use of Recognition of Transferred Employee Service Clause in Contracts

Recognition of Transferred Employee Service. On and after the Closing Date, Buyer and its Affiliates shall recognize the service of each Transferred Employee for Seller or its Affiliates before the Closing Date for purposes of determining eligibility to participate and vesting under all employee benefit plans, policies or programs of Buyer and its Affiliates, other than under any defined benefit pension plan or any plan providing retiree medical benefits, determined in accordance with the practices and procedures of Seller in effect on the Closing Date.

Recognition of Transferred Employee Service. On and after the Closing Date, Buyer shall cause the Company and its Affiliates shall the Subsidiary to recognize the service of each Transferred Employee for the Company and the Subsidiary, the Ultimate Parent, the Seller or its Parent, the Seller and their Affiliates before the Closing Date for all employment-related purposes of determining eligibility to participate and vesting under all employee benefit plans, policies or programs of Buyer and its Affiliates, (other than benefit accrual under any qualified or non-qualified defined benefit pension plan or any plan providing retiree medical benefits, plan) determined in accordance with the practices and procedures of Seller the Ultimate Parent and its Affiliates and the Company and the Subsidiary in effect on the Closing Datedate hereof.

Recognition of Transferred Employee Service. On and after the Closing Date, Buyer shall cause the Company and its Affiliates shall Subsidiaries to recognize the service of each Transferred Employee for Seller the Company and its Subsidiaries, or Parent or its Affiliates before the Closing Date for all employment-related purposes of determining eligibility to participate and vesting under all employee benefit plans, policies or programs of Buyer and its Affiliates, (other than benefit accrual under any defined benefit pension plan or any plan providing retiree medical benefits, plan) determined in accordance with the practices and procedures of Seller Parent, the Company and its Subsidiaries in effect on the Closing Date.

Recognition of Transferred Employee Service. On and after the Closing Date, Buyer and its Affiliates shall cause the Acquired Entities to recognize the service of each Transferred Employee for the Acquired Entities, or Seller or its Affiliates before the Closing Date for purposes of determining eligibility to participate and vesting under all employee benefit plans, policies or programs of Buyer and its Affiliates, other than under any defined benefit pension plan or any plan providing retiree medical benefits, determined in accordance with the practices and procedures of Seller or the Acquired Entities, as applicable, in effect on the Closing Date.