Acquired Company Plans definition

Acquired Company Plans has the meaning set forth in Section 4.15(a).
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Acquired Company Plans means each Plan that is maintained or sponsored solely by an Acquired Company for its current and/or former employees.
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Acquired Company Plans has the meaning set forth in Section 4.13(a).
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Examples of Acquired Company Plans in a sentence

  • Each Acquired Company and all the Acquired Company Plans are in compliance in all material respects with the applicable provisions of ERISA, the Code and all other Applicable Laws.

  • All reports, returns and similar documents with respect to the Acquired Company Plans required to be filed with any Governmental Entity or distributed to any Acquired Company Plan participant have been duly and timely filed or distributed and all reports, returns and similar documents actually filed or distributed were true and correct in all material respects.

  • Effective as of the Effective Time, all Transferred Employees shall cease to actively participate in all Seller Plans that are not Acquired Company Plans.

  • Seller shall retain liability for the Seller Plans that are not Acquired Company Plans, including, but not limited to, liability for claims arising in connection with any individual’s employment with Seller and its Affiliates (except for the Seller Plans listed in Section 5.4(c) of the Seller Disclosure Schedule, which Buyer shall assume as to any Transferred Employee).

  • Effective as of the Closing Date, and except as otherwise provided in this Section 10.1, Purchaser and its Subsidiaries (including, as of the Closing Date, the Acquired Companies) shall be solely responsible for any and all Liabilities and obligations arising under, in connection with or in respect of the Acquired Company Plans and neither Seller nor any of its Subsidiaries (other than the Acquired Companies) shall have any responsibility or obligation in respect of any such plan.

  • Application deadline is posted on the Lambda Chi web-site each year.

  • Schedule 3.19 of the Disclosure Schedules lists each material insurance policy (excluding any Acquired Company Plans) maintained by the Acquired Companies on their properties, assets, products, business or personnel (collectively, the "Insurance Policies").

  • To Seller’s knowledge, full payment has been made, or will be made in accordance with Section 404(a)(6) of the Code, of all contributions which any Acquired Company is required to pay under the terms of each of the Acquired Company Plans and Section 412 of the Code.

  • The outstanding stock options held by employees of the Company under the Acquired Company Plans will remain options for Merck stock and thus will not be dilutive to the Company’s EPS.

  • In addition, true and correct copies of the most recent actuarial report and the most recent financial statements, if any, with respect to each of the Acquired Company Plans have been Made Available to Purchaser.


More Definitions of Acquired Company Plans

Acquired Company Plans is defined in Section 4.14(a).
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Acquired Company Plans means each "employee benefit plan" (as such term is defined in Section 3(3) of ERISA) and each other equity or equity-based plan, bonus or incentive compensation arrangement, retirement or deferred compensation plan, profit sharing plan, severance, compensation, employment, individual consulting, fringe benefit, change in control, and any other employee benefit plan, policy, agreement, program or arrangement (other than any plan, policy, agreement, program or arrangement to which contributions are mandated by a Governmental Authority), whether or not subject to ERISA, whether formal or informal, oral or written, in each case, that the Acquired Companies sponsor, maintain or contribute to for the benefit of their current or former employees, independent contractors or consultants, or with respect to which the any of the Acquired Companies has any direct or indirect present or future liability.
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Acquired Company Plans has the meaning specified in Section 5.14(a).
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Related to Acquired Company Plans

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Acquired Corporations means the Company and each of its Subsidiaries, collectively.

  • Buyer Plans has the meaning set forth in Section 6.02(b).

  • Target Companies means the Company and its Subsidiaries.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Employee Plan means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Company Subsidiary means any Subsidiary of the Company.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.