Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's retirement plans shall retain their accrued benefits under Seller's retirement plans as of the Closing Date, and Seller (or Seller's retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans
Appears in 3 contracts
Samples: Asset Purchase Agreement (Champion Enterprises Inc), Asset Purchase Agreement (Champion Enterprises Inc), Asset Purchase Agreement (Champion Enterprises Inc)
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's ’s retirement plans shall will retain their accrued benefits under Seller's ’s retirement plans as of the Closing Date, and Seller (or Seller's ’s retirement plans) shall will retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans.
Appears in 1 contract
Samples: Asset Purchase Agreement (Anchor Funding Services, Inc.)
Seller's Retirement and Savings Plans. (a) All Hired Active Employees who are participants in Seller's retirement plans shall retain their accrued benefits under Seller's retirement plans as of the Closing Date, and Seller (or Seller's retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans. All Hired Active Employees shall become fully vested in their accrued benefits under Seller's retirement plans as of the Closing Date, and Seller will so amend such plans if necessary to achieve this result.
Appears in 1 contract
Samples: Asset Purchase Agreement (Cti Molecular Imaging Inc)
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's ’s retirement plans shall retain their accrued benefits under Seller's ’s retirement plans as of the Closing Date, and Seller (or Exhibit 10(a) Seller's ’s retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans.
Appears in 1 contract
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's ’s retirement plans shall retain their accrued benefits under Seller's ’s retirement plans as of the Closing Date, and Seller (or Seller's ’s retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans. All Hired Active Employees shall become fully vested in their accrued benefits under Seller’s retirement plans as of the Closing Date, and Seller will so amend such plans if necessary to achieve this result
Appears in 1 contract
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's savings or retirement plans shall retain their account balances or accrued benefits benefits, as applicable, under Seller's savings or retirement plans as of the Closing Date, and Seller and Affiliates (or Seller's retirement or savings plans) shall retain sole liability for the payment of such account balances or benefits as and when such Hired Active Employees become eligible therefor under such plans.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Advanced Nutraceuticals Inc/Tx)
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's retirement plans shall retain their accrued benefits under Seller's retirement plans as of the Closing Date, and Seller (or Seller's retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans.
Appears in 1 contract
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's ’s or Member’s retirement plans shall retain their accrued benefits under Seller's such retirement plans as of the Closing Date, and Seller or Member (or Seller's ’s or Member’s retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans. All Hired Active Employees shall become fully vested in their accrued benefits under Seller’s or Member’s retirement plans as of the Closing Date, and Seller or Member will so amend such plans if necessary to achieve this result.
Appears in 1 contract
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's ’s retirement plans shall retain their accrued benefits under Seller's ’s retirement plans as of the Closing Date, and Seller (or Seller's ’s retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans.
Appears in 1 contract
Seller's Retirement and Savings Plans. All Hired Active Employees who are participants in Seller's retirement plans shall retain their accrued benefits under Seller's retirement plans as of the Closing Date, and Seller (or Seller's retirement plans) shall retain sole liability for the payment of such benefits as and when such Hired Active Employees become eligible therefor under such plans. All Hired Active Employees shall become fully vested in their accrued benefits under Seller's retirement plans as of the Closing Date, and Seller will so amend such plans if necessary to achieve this result.
Appears in 1 contract
