Assumed Plan definition

Assumed Plan has the meaning set forth in Section 2.4(a).

Assumed Plan shall have the meaning set forth in Section 6.12(b).

Assumed Plan has the meaning ascribed to such term in the Merger Agreement.

Examples of Assumed Plan in a sentence

• Notwithstanding the foregoing, but subject to the terms of any Collective Bargaining Agreement to which Purchaser or one of its Affiliates is a party, Purchaser and its Affiliates may, in its sole discretion, amend, suspend or terminate any such Assumed Plan at any time in accordance with its terms.

• Purchaser and Sellers shall provide each other with such records and information as may be reasonably necessary, appropriate and permitted under applicable Law to carry out their obligations under this Section 6.17; provided, that all records, information systems data bases, computer programs, data rooms and data related to any Assumed Plan or Liabilities of such, assumed by Purchaser, shall be transferred to Purchaser.

• No Assumed Plan to which any of the Employees is subject is a nonqualified deferred compensation plan, within the meaning of Section 409A of the Code.

• Except as would not reasonably be expected to, individually or in the aggregate, be material or result in material Liability, each Business Benefit Plan (including each Assumed Plan and Conveyed Company Benefit Plan) has been operated and administered in accordance with its terms and applicable Law, including, if applicable, ERISA and the Code.

• Assumed increases for valuation purposes are: Assumed Plan 1 General and Safety COLAs are set at the inflation (CPI) assumption of 2.50% per year.

More Definitions of Assumed Plan

Assumed Plan means each Employee Plan that is (x) solely sponsored or maintained by a Transferred Entity or (y) sponsored or maintained by a Seller or one of its Subsidiaries in which solely Business Employees are participants and, in each case, is specifically identified as such on Section 3.12(a) of the Seller Disclosure Schedule.

Assumed Plan means each Business Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary and that is listed on Section 1.01(c) of the Disclosure Schedule.

Assumed Plan means each Business Benefit Plan that is contributed to, sponsored, maintained or entered into by any Asset Selling Entity and that is listed on Schedule 1.1(c) of the Seller Disclosure Letter.

Assumed Plan means each Employee Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller, an Asset Selling Entity or any other Affiliate of Seller that is listed on Section 1.1(d) of the Seller Disclosure Letter; provided, that Section 1.1(d) of the Seller Disclosure Letter may be revised by Seller between the date of this Agreement and thirty (30) days prior to Closing to include Employee Benefit Plans that do not, individually or in the aggregate, include material accrued Liabilities.

Assumed Plan has the meaning specified in Section 7.15.

Assumed Plan means each Employee Plan, other than (i) such Employee Plans set forth in Section 1.1(a) of the Disclosure Letter and (ii) any equity-based awards granted under the Equity Incentive Plans, provided, that “Assumed Plan” shall include any long-term cash awards granted under the Amended and Restated 2015 Stock Incentive Plan (as the same exists as of the date hereof) or any other written long-term cash-based incentive awards of the Endo Companies that are either outstanding as of the date hereof or are entered into, established or adopted as permitted by Section 5.1(b)(ix).

Assumed Plan means each Plan that is sponsored or maintained by the Company, each such Plan to be specifically identified as such on Section 4.17(a) of the Seller Disclosure Schedule.