Treatment of Employee Benefit Plans. All necessary Consents and other actions in connection with the transfer of the Assumed Benefit Plans shall have been received or taken.
Treatment of Employee Benefit Plans. Citizens shall make such changes to the Citizens Employee Benefit Plans and shall take such actions with respect to the Citizens Employee Benefit Plans as are agreed to in the Employee Benefits Agreement dated as of the Agreement Date between MSTI and Citizens.
Treatment of Employee Benefit Plans. All necessary Consents and other actions in connection with the transfer of the Assumed Benefit Plans shall have been received or taken. On or prior to the Closing Date Purchaser shall be reasonably satisfied with arrangements with Lexington Black & White, Inc. (“Lexington”) relating to Lexington ceasing participation in the Assumed Benefit Plans effective on or prior to the Closing Date.
Treatment of Employee Benefit Plans. National agrees to take, or cause to be taken, any action necessary to terminate its Employee Stock Ownership Plan immediately prior to the Effective Time.
Treatment of Employee Benefit Plans. The consummation of the Merger will not affect the employee benefit plans of the Bank. The employee benefit plans of the Bank will remain in effect as of the consummation of the Merger. Notwithstanding the foregoing, nothing herein shall be construed to limit or prohibit the ability of FVNB or any of its subsidiaries to amend, modify or terminate any of such employee benefit plans after the Effective Time.
Treatment of Employee Benefit Plans. .. 24 SECTION 6.9 Environmental Investigation; Right to Terminate Agreement....................................... 24 SECTION 6.10 Proxy Statement..................................25 SECTION 6.11 Reserves.........................................25 SECTION 6.12
Treatment of Employee Benefit Plans. All benefit plans of MID-COAST shall be terminated by MID-COAST prior to the consummation of the Merger. FVNB agrees that the employees of MID-COAST will be entitled to participate in all the employee benefit plans maintained by FVNB for its employees, in accordance with their respective terms; provided, however, employees of MID-COAST will receive credit for the term of their employment with MID-COAST with respect to eligibility and vesting matters only but not with respect to contribution or allocation of benefits or any other matters. Notwithstanding the foregoing, nothing herein shall be construed to limit or prohibit the ability of FVNB or any of its affiliates or subsidiaries to amend, modify or terminate any of such employee benefit plans after the Effective Time.
Treatment of Employee Benefit Plans. (a) In addition to the obligations set forth below in Section 7.04 and 7.05, for the period commencing on the Closing Date and ending on the first anniversary of the Closing Date, Buyer Group Members shall provide any Transferred Employees who are not under a collective bargaining Agreement and who continue to be employed by the Business with a benefits package that is substantially comparable, in the aggregate and on a country by country basis, to the benefits (including Retiree Benefits) provided to such Transferred Employee by Parent and the Affiliated Sellers immediately prior to the Closing pursuant to the Employee Benefit Plans set forth on Schedule 4.12(a). All prior service with Parent and its Affiliates shall count toward the service requirements of sick pay and vacation accruals with Buyer Group Members. Buyer Group Members shall cause any eligible expenses incurred by a Transferred Employee under such Employee Benefit Plans during the portion of the current plan year ending on the date the Transferred Employee begins participation in the corresponding medical or health plan made available by Buyer Group Members to be taken into account under such medical or health plan for purposes of satisfying all deductible, coinsurance, and maximum out-of-pocket requirements that apply to the Transferred Employee for the applicable plan year as if such amounts had been paid in accordance with the medical or health plan made available by Buyer Group Members to the Transferred Employee.
Treatment of Employee Benefit Plans. Section 6.13 Data and Item Processing Agreements
Treatment of Employee Benefit Plans. First Manhattan shall make such changes to the First Manhattan Employee Benefit Plans as First Manhattan and Landmark shall agree in order to provide a smooth, efficient and effective transition to the employee benefit plans, programs and arrangements of Landmark, provided, however, that First Manhattan shall not be obligated to make any such changes until immediately prior to the Closing and at such time as First Manhattan shall have received reasonable assurances that all conditions precedent to the parties’ obligations under this Agreement for Closing (except for the completion of actions to be taken at the Closing) have been satisfied.
