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

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

  • All of the Acquired Company Plans have been merged into the 401K Plan.

  • 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.

  • 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.

  • The Subsidiaries paid all general and administrative expenses of the Acquired Company Plans and in some cases, the Subsidiaries made matching and discretionary contributions to the Acquired Company Plans.

  • Set forth on Schedule 4.9(a) of the Company Disclosure Schedule is a true and complete list of all current Acquired Company Plans.

  • 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.

  • El Paso and its Affiliates shall not provide administrative services or payroll services on behalf of any of the Acquired Company Plans in respect of the period following the Closing.

  • EMPLOYEE BENEFIT PLANS Prior to 2000, certain of the acquired companies had qualified defined contribution employee benefit plans (the "Acquired Company Plans"), the majority of which allowed for voluntary pretax contributions by employees.


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 has the meaning set forth in Section 4.10(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 maintained, or contributed to, by the Seller or any ERISA Affiliate.

  • 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 has the meaning set forth in Section 3.14(b).

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

  • 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.

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

  • Target Companies means the Target 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 each "employee benefit plan," as such term is defined in Section 3(3) of ERISA, that (A)(i) is subject to any provision of ERISA and (ii) is maintained or contributed to by the Company, or (B)(i) is subject to any provision of Title IV of ERISA and (ii) is maintained or contributed to by any of the Company's ERISA Affiliates.

  • 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 and subject to 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 Employee Benefit Plan sponsored, maintained or contributed to by a Seller or any of its Affiliates or with respect to which a Seller or any of its Affiliates has, or could reasonably be expected to have, any direct or indirect Liability.