Common use of Vesting of Seller Employee Benefit Plan Benefits Clause in Contracts

Vesting of Seller Employee Benefit Plan Benefits. Effective as of the Closing Date, Seller shall cause the tax-qualified pension and 401(k) plans in which Continuing Employees were eligible to participate immediately prior to the Closing Date to fully vest such employees’ accrued benefit through the Closing Date thereunder.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Broadcom Corp), Asset Purchase Agreement (Advanced Micro Devices Inc)

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Vesting of Seller Employee Benefit Plan Benefits. Effective as of the Closing Date, Seller Sellers shall cause the tax-qualified pension and 401(k) plans in which Continuing Transferred Employees were eligible to participate immediately prior to the Closing Date to fully vest such employees’ accrued benefit through the Closing Date thereunder.

Appears in 1 contract

Samples: Purchase Agreement (American Skiing Co /Me)

Vesting of Seller Employee Benefit Plan Benefits. Effective as of the Closing Date, Seller shall cause the any tax-qualified pension and 401(k) plans in which Continuing Transferred Employees were eligible to participate immediately prior to the Closing Date to fully vest such employees’ accrued benefit through the Closing Date thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (Technology Solutions Company)

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Vesting of Seller Employee Benefit Plan Benefits. Effective as of the Closing Date, Seller shall cause the tax-qualified pension and Seller's 401(k) plans in which Continuing Transferred Employees were eligible to participate immediately prior to the Closing Date to fully vest such employees’ accrued benefit through the Closing Date thereunder.

Appears in 1 contract

Samples: Asset Purchase Agreement (DXP Enterprises Inc)

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