Benefit and Compensation Arrangements definition
Examples of Benefit and Compensation Arrangements in a sentence
Seller shall retain liabilities that relate to awards or account balances of deferred cash compensation outstanding under Benefit and Compensation Arrangements immediately prior to the Closing and held by ▇▇▇ ▇▇▇▇▇▇ Business Employees and former employees of the ▇▇▇ ▇▇▇▇▇▇ Business (such awards and account balances, collectively, the “Cash Deferred Compensation Awards”).
The Estimated Liability Schedule shall also set forth a good faith estimate of the anticipated date on which each Accrued Compensation Liability would be paid and shall separately identify all Assumed Benefit and Compensation Arrangements to be terminated prior to the Closing.
Buyer and Seller agree that they shall use commercially reasonable efforts to provide any information, support and assistance as Seller or Buyer, as applicable, may reasonably require in order to enable Buyer and Seller to carry out their obligations under the Benefit and Compensation Arrangements, which includes any steps necessary to facilitate any payments to Employees and/or the winding up of any Benefit and Compensation Arrangement.