Termination of Pension Plan Sample Clauses

Termination of Pension Plan. Unless otherwise stated by Acquiror in writing, Target shall, immediately prior to the Closing Date, terminate Target's 401(k) Plan (the "401(k) PLAN") and no further contributions shall be made to the 401(k) Plan, provided that as a condition of such termination Target's employees shall be eligible to participate in Acquiror's 401(k) plan immediately following the Closing Date. Target shall provide to Acquiror (i) executed resolutions by the Board of Directors of Target authorizing the termination and (ii) an executed amendment to the 401(k) Plan sufficient to assure compliance with all applicable requirements of the Code and regulations thereunder so that the tax-qualified status of the 401(k) Plan will be maintained at the time of termination.

Termination of Pension Plan. If required by Parent in writing, the Company shall, immediately prior to and contingent upon the Closing Date, have terminated the Company 401(k) Plan (the "Plan") and no further contributions shall be made to the Plan. The Company shall provide to Parent (i) executed resolutions by the Company Board authorizing the termination and (ii) an executed amendment to the Plan , which in the Parent's reasonable judgment is sufficient to assure compliance with all applicable requirements of the Code and regulations thereunder.

Termination of Pension Plan. Effective as of the day immediately preceding the Effective Time, SkillSoft and its ERISA Affiliates, as applicable, shall each terminate any and all group severance, separation or salary continuation plans, programs or arrangements and any and all plans intended to include a Code Section 401(k) arrangement (unless SmartForce consents, as evidenced by written notice to SkillSoft, to the continuation of any such plan, program or arrangement, which consent shall not be unreasonably withheld) (collectively, "SkillSoft Terminating Plan(s)"). SmartForce agrees that the Continuing Employees shall be eligible to participate, to the extent they were eligible to participate in the SkillSoft Terminating Plan, in a comparable SmartForce plan, program or arrangement, as promptly following the Effective Time as is permitted by the terms of such SmartForce plan, program or arrangement. Unless SmartForce provides such written consent to SkillSoft, no later than three business days prior to the Effective Time, SkillSoft shall provide SmartForce with evidence that such SkillSoft Terminating Plan(s) have been terminated (effective as of the day immediately preceding the Effective Time) pursuant to resolutions of SkillSoft's Board of Directors. SkillSoft also shall take such other actions in furtherance of terminating such SkillSoft Terminating Plan(s) as SmartForce may reasonably require.

Termination of Pension Plan. If the Pension Plan is terminated in its entirety, in accordance with Section 6.4, the assets of the Fund shall be disbursed in accordance with the Pension Plan.

Termination of Pension Plan. The Company shall have terminated the Company 401(k) Plan and no further contributions shall have been made to the 401(k) Plan. The Company shall have provided to Parent (i) executed resolutions by the Board of Directors of the Company authorizing the termination and (ii) an executed amendment to the 401(k) Plan sufficient to assure compliance with all applicable requirements of the Internal Revenue Code and regulations thereunder so that the tax-qualified status of the 401(k) Plan will be maintained at the time of termination.

Termination of Pension Plan. The institution of any steps by Issuer or any ERISA Affiliate or any other Person to terminate a Pension Plan if, as a result of such termination, Issuer or any such ERISA Affiliate could be required to make a contribution to such Pension Plan, or could reasonably expect to incur a liability or obligation to such Pension Plan, and such contribution, liability or obligation could reasonably be expected to have a Material Adverse Effect;

Termination of Pension Plan. Effective immediately prior to the Effective Time, VINA shall terminate any and all group severance, separation or salary continuation plans, programs or arrangements, and shall terminate any and all VINA Employee Plans which are intended to include a Code Section 401(k) arrangement (unless Larscom consents, as evidenced by written notice to VINA, to the continuation of any such plan, program or arrangement, which consent shall not be unreasonably withheld) (collectively, "VINA TERMINATING PLAN(S)"). Larscom agrees that the Continuing Employees shall be eligible to participate, to substantially the extent they were eligible to participate in any VINA Terminating Plan, in the corresponding Larscom Employee Plan regarding group severance, separation or salary continuation and in the corresponding Larscom Employee Plan intended to include a Code Section 401(k) arrangement, program or arrangement, as promptly following the Effective Time, as is permitted by the terms of such Larscom Employee Plan, program or arrangement. Unless Larscom provides such written consent to VINA, no later than three business days prior to the Effective Time, VINA shall provide Larscom with evidence that such VINA Terminating Plan(s) have been terminated (effective immediately prior to the Effective Time) pursuant to resolutions of the VINA Board. The form and substance of such resolutions shall be subject to review and approval of Larscom. VINA also shall take such other actions in furtherance of terminating such VINA Terminating Plan(s) as Larscom may reasonably require.

Termination of Pension Plan. The Fund shall have taken all appropriate action to effect the termination of the Associated General Contractors Self-Insurers' Fund Pension Plan in accordance with applicable Law, and Zenith shall have received evidence reasonably satisfactory to it of such action.

Termination of Pension Plan. The Estimated Pension Plan Termination Costs with regard to the termination of the Pension Plan, as provided by the Company pursuant to Section 7.02(n)(ii) hereof, do not exceed $50,000.

Termination of Pension Plan. If the Pension Plan is terminated and wound up in accordance with the Sponsors Agreement, the Employer shall pay into the Fund, amortized over a 5 year period: (a) all amounts required to fully fund Benefits accrued to the date of the termination of the Pension Plan; and (b) all amounts required to pay costs, fees or expenses arising from or related to the administration, termination and wind-up of the Pension Plan.