Assumed Employee Plans definition

Assumed Employee Plans has the meaning set out in Section 9.4(a);

Assumed Employee Plans means those items set forth on S chedule 1.01 under the heading “Assumed Employee Plans”. “Assumed Leases” shall have the meaning set forth in the definition of “Acquired Assets”.

Assumed Employee Plans has the meaning set forth in Section 2.1(m).

Examples of Assumed Employee Plans in a sentence

• Regarding the legal forms, every European country has its own legal forms that frame with the cooperative principles (see the Country reports for an exhaustive view of the existing legal forms and their specificities).

• All Assumed Employee Plans, save with respect to the Reverse Carve-Out Employees, are fully funded, to the extent required by applicable Laws or any Liabilities associated therewith have been accrued or otherwise accounted for in full in the Closing Date Net Working Capital or Indebtedness.

• Nothing herein shall prohibit Buyer or its Affiliates, as applicable, from terminating, amending, or otherwise affecting any of the Assumed Employee Plans at any time and from time to time following the Closing in accordance with the terms of such Assumed Employee Plans.

• The Seller and its Affiliates shall take all necessary actions to effect such cessation of MCC Business Employees under such Employee Plans that are not Assumed Employee Plans.

• Sellers shall cooperate with Buyer and take, or cause to be taken, any and all necessary steps to assign and transfer sponsorship of the Assumed Employee Plans, if any (and including all assets, trusts, insurance policies and administrative service Contracts, as applicable, with respect to such Assumed Employee Plans) to Buyer or its applicable Affiliate.

More Definitions of Assumed Employee Plans

Assumed Employee Plans has the meaning set forth in Section 1.1(a)(xiv).

Assumed Employee Plans means any Employee Plan set forth on Schedule 6.10(c), including Exide Technologies 401(k) Savings and Retirement Plan, and the Exide Technologies Hourly 401(k) Plan, but excluding any Title IV Plan, defined benefit pension plan or supplemental or excess benefit retirement plans.

Assumed Employee Plans means any employee benefit plans (within the meaning of Section 3(3) of ERISA), and each other material retirement, welfare benefit, bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, employment, retention, termination, or severance programs or agreements (each, a “Plan”), in each case pursuant to which any of the Greenrose Entities has any obligation with respect to any current or former employee of the Debtors, other than the Excluded Plans; provided, that nothing in this Section 2.3(c)(2) shall limit any obligation of NewCo to assume any Assumed Liabilities under such Excluded Plan to the extent expressly contemplated in Section 2.3(c)(1). “Excluded Plans” means those compensation and benefits arrangements, if any, set forth on Schedule 2.3(c)(2).

Assumed Employee Plans means the Employee Plans which the Purchaser agrees to assume in accordance with Section 2.02(a).

Assumed Employee Plans has the meaning set forth in Section 5.5(c).

Assumed Employee Plans means only (a) the amount of accrued but unused vacation and sick leave of Transferred Employees as of the Closing Date to the extent reflected in Seller Net Working Capital, unless specifically set forth on Section 6.3(d) of the Disclosure Schedule and (b) the Briggs & Stratton Cash Balance Retirement Plan.”

Assumed Employee Plans means the TeamStaff Retirement Savings Plan, the TeamStaff Flexible Spending Plan, the TeamStaff Dependent Care Assistance Plan, and the TeamStaff Medical Expense Reimbursement Plan.