Savings Plan. Buyer shall cause a tax-qualified defined contribution plan established or designated by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s 401(k) Plan. Buyer shall allow any such Transferred Employees’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 5 contracts
Samples: Asset Purchase Agreement (Media General Inc), Asset Purchase Agreement (Media General Inc), Asset Purchase Agreement (Media General Inc)
Savings Plan. Buyer shall cause a tax-qualified defined contribution plan established or designated by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s 401(k) Plan. Buyer shall allow any such Transferred Employeesor the LIN Companies’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 5 contracts
Samples: Asset Purchase Agreement (LIN Media LLC), Asset Purchase Agreement (LIN Media LLC), Asset Purchase Agreement (Media General Inc)
Savings Plan. Buyer shall cause a one or more tax-qualified defined contribution plan plans established or designated maintained by Buyer (a “"Buyer’s 's 401(k) Plan”") to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s 401(k) Plan. Buyer shall allow any such Transferred Employees’ outstanding plan loan to be rolled into Buyer’s Young Broadcasting Inc. 401(k)
Appears in 1 contract
Samples: Asset Purchase Agreement (Young Broadcasting Inc /De/)
Savings Plan. Buyer shall cause a tax-qualified defined contribution plan established or designated by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s or Xxxxxxxxxx Company’s 401(k) Plan. Buyer shall allow any such Transferred Employees’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 1 contract
Savings Plan. Buyer shall cause a tax-qualified defined contribution plan established or designated by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s Sellers’ tax-qualified defined contribution plans (the “Sellers’ 401(k) PlanPlans”). Buyer shall allow any such Transferred Employees’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 1 contract
Savings Plan. Buyer shall cause a tax-qualified defined contribution plan established or designated by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s 401(k) Plan. Buyer shall allow any such Transferred Employeesor the LIN Companies’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 1 contract
Samples: Asset Purchase Agreement (Mercury New Holdco, Inc.)
Savings Plan. Buyer shall cause a one or more tax-qualified defined contribution plan plans established or designated maintained by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the Seller’s Parent or Sellers’ 401(k) Plan. Buyer shall allow any such Transferred Employees’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 1 contract
Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc)
Savings Plan. Buyer shall cause a tax-qualified defined contribution plan established or designated by Buyer (a “Buyer’s 401(k) Plan”) to accept rollover contributions from the Transferred Employees of any account balances distributed to them by the existing tax-qualified defined contribution plan established or designated by Seller (“Seller’s 401(k) Plan”). Buyer shall allow any such Transferred Employees’ outstanding plan loan to be rolled into Buyer’s 401(k)
Appears in 1 contract
Samples: Asset Purchase Agreement (Sinclair Broadcast Group Inc)
