Adopting Employer definition
Examples of Adopting Employer in a sentence
Participants in the Plan shall have the status of general unsecured creditors of the Company or the Adopting Employer, as applicable.
Participating Employer means the Company and each Adopting Employer.
Adopting Employer means an Affiliate who, with the consent of the Company, has adopted the Plan for the benefit of its eligible employees.
Any amounts set aside to defray the liabilities assumed by the Company or an Adopting Employer will remain the general assets of the Company or the Adopting Employer and shall remain subject to the claims of the Company’s or the Adopting Employer’s creditors until such amounts are distributed to the Participants.
It is the responsibility of the Adopting Employer to determine whether these requirements are and continue to be satisfied.