Acquired Plan definition

Acquired Plan means any Plan which was originally established and maintained by a Person other than the Borrower or an ERISA Affiliate and which became, or hereafter becomes, a Plan as a result of an Acquisition by the Borrower or any Subsidiary.
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Acquired Plan means the incentive plan established by an Acquired Organization or any awards outstanding thereunder.
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Acquired Plan means each Employee Benefit Plan which is a Purchased Asset.
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Examples of Acquired Plan in a sentence

  • Any shares of stock of an Acquired Organization available for future awards under an Acquired Plan (as adjusted and converted into Shares in accordance with the terms of the business transaction) shall be added to the number of Shares available for Awards under the Plan, subject to applicable stockholder approval and stock exchange requirements, unless the terms of the business transaction require such Acquired Plan to be maintained as a separate plan following the completion of the business transaction.

  • Shares used in connection with an Award granted in substitution for an award outstanding under an Acquired Plan under this Section 5.5 shall not be counted against the number of shares of Stock available for grant under Section 5.1.

  • Employee Severance Protection Plan (any such plan being an “Acquired Plan”), shall not be entitled to receive benefits under this Plan except to the extent and in the amount that benefits payable under this Plan are in excess of amounts payable to that person under such an Acquired Plan.

  • ANC (or a member of the ANC Group) shall continue to sponsor and maintain each Acquired Plan on and after the Effective Date; provided, however, that nothing herein shall require or be construed to require the maintenance of any Acquired Plan for any specified period of time following the Effective Date.

  • Following the Closing Date, Purchaser and the Acquired Companies shall be solely responsible for any liability, cost, expense or obligation arising under or relating to any Acquired Plan, whether incurred before, on or after the Closing Date.

  • Notwithstanding any contrary Plan provision, the interests of all Acquired Members in the accounts maintained for their benefit under a particular Acquired Plan shall become fully (one hundred percent (100%)) vested and nonforfeitable on the date (if any) specified in writing by the Company's Chief Executive Officer (in his or her discretion).

  • Employee Severance Protection Plan (any such plan being an "Acquired Plan”) shall not be entitled to receive benefits under this Plan except to the extent and in the amount that benefits payable under this Plan are in excess of amounts payable to that person under such an Acquired Plan.

  • Notwithstanding any contrary Plan provision, the interests of all Acquired Members in the accounts maintained for their benefit under a particular Acquired Plan shall become fully (one hundred percent (100%)) 32 33 vested and nonforfeitable on the date (if any) specified in writing by the Company's Chief Executive Officer (in his or her discretion).

  • Notwithstanding any contrary Plan provision, the interests of all Acquired Members and Transferred Members in the accounts maintained for their benefit under a particular Acquired Plan or Terminated Plan shall become fully (one hundred percent (100%)) vested and nonforfeitable on the date (if any) specified in writing by the Company’s Chief Executive Officer (in his or her discretion).

  • Employee Severance Protection Plan (any such plan being an “Acquired Plan”) shall not be entitled to receive benefits under this Plan except to the extent and in the amount that benefits payable under this Plan are in excess of amounts payable to that person under such an Acquired Plan.


More Definitions of Acquired Plan

Acquired Plan means any Plan which was originally established and maintained by a Person other than the Lessee or an ERISA Affiliate and which became, or hereafter becomes, a Plan as a result of an Acquisition by the Lessee or any Subsidiary of the Lessee.
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Acquired Plan means any benefit and compensation plan, contract, policy or arrangement covering Employees or Former Employees and current and former directors of any of the Acquired Companies (or predecessors thereof), including (i) any “welfare” plan, fund or program (within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)); (ii) any “pension” plan, fund or program (within the meaning of Section 3(2) of ERISA); (iii) any material incentive compensation plan; (iv) any material employment, consulting, termination, retention, indemnification or severance agreement, plan or arrangement; (v) any material stock ownership, stock bonus, stock option, restricted stock, stock appreciation right, profits interest, membership unit award, stock purchase, phantom stock or bonus plan; and (vi) any material deferred compensation plan (within the meaning of Section 409A of the Code (“409A”)) and any material fringe benefit or perquisite plan, arrangement or policy; in each case, that are sponsored or contributed to by an Acquired Company. A copy of each Acquired Plan has been made available to Purchaser, including with respect to such Acquired Plan, to the extent applicable, (A) the three most recently filed annual reports on Form 5500, including all schedules, attachments and accountants’ opinions, (B) the most recent summary plan description and any summary of material modifications thereto, (C) the most recent actuarial report or other statement of plan assets for any Acquired Plan that is funded, (D) the most recent determination letter or opinion letter, if any, issued by the IRS and any pending request for such a determination letter, (E) each trust agreement and insurance annuity contract, if any, relating to any such Acquired Plan, (F) all material notices, letters or other correspondence to or from any Governmental Authority or agency thereof within the last three (3) years, (G) all non-discrimination tests for the most recent three (3) completed plan years, and (H) all material written agreements and Contracts currently in effect, including administrative service agreements and group insurance contracts. Section 2.10(a) of the Disclosure Schedule sets forth each Acquired Plan.
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Acquired Plan shall have the meaning ascribed to it in Section 2.10(a).
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Acquired Plan means (1) all of the Merged Plans other than the XcelleNet Plan; and (2) any other tax-qualified defined contribution plan under which participants had optional forms of benefit of a type described in Appendix A (relating to Acquired Members’ Accounts) and which has been merged into this Plan.
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Acquired Plan means any Plan which was originally established and maintained by a Person other than the Company or an ERISA Affiliate and which became, or hereafter becomes, a Plan as a result of an Acquisition by the Company or any Subsidiary.
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Related to Acquired Plan

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Permitted Plan means any employee benefits plan of the Issuer or any of its Affiliates and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan.

  • Traditional member of the National Guard or federal reserves means an active member of the Selected Reserve subject to mobilization and deployment for which he or she attends monthly and annual training periods.

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Corrective Action Plan has the meaning set forth in Section II.A.2.