Seller Plans Generally Clause Samples

Seller Plans Generally. Except as otherwise expressly provided herein, Seller will retain all liabilities and obligations under Seller Plans and no assets or liabilities of any Seller Plan will be transferred to any Plan maintained by Buyer. Except as otherwise expressly provided herein or under the Transition Services Agreement, no Transferred Employee shall accrue any benefits under any Seller Plans in respect of service with Buyer or any of its Affiliates after such employee’s Transfer Date. Seller and Buyer shall also take such actions as are provided in Schedule 6.7 (which is incorporated herein by reference and shall be as binding and enforceable as if fully set forth herein).