Examples of Benefit Plans of Buyer in a sentence
The Management Employees shall be given credit -------------- for all service with the Seller or its subsidiaries (and service credited by Seller or such subsidiary), to the same extent as such service was credited for such purpose by Seller or such subsidiary, under all employee benefit plans, programs and policies of the Buyer in which they become participants (the "Benefit Plans of Buyer") for purposes of eligibility, vesting, benefit accrual and determination of level of benefits.
Any reference in this Agreement to one or more Employee Benefit Plans of Buyer includes provisions, if any, in such plans permitting their termination or amendment and any covenant in this Agreement to provide any Employee Benefit Plan shall not be deemed or construed to limit Buyer’s right to terminate or amend such plan of Buyer in accordance with its terms.
Effective as of the Closing Date, Buyer shall cause ASFC to continue to maintain the ASFC Executives' Excess Compensation Pension Benefit Plan (or Benefit Plans of Buyer or ASFC that either are substantially equivalent or are at least as favorable in the aggregate to the ASFC Executives) and the ASFC Employees' Supplemental Pension Benefit Plan until at least the last day of the month that is 12 months after the month in which the Closing Date falls (the "Benefits Continuation Date").
For the avoidance of doubt, Buyer Parent may meet its obligations pursuant to this Article 7 under the Transferred Entity Benefit Plans or under new or existing Benefit Plans of Buyer, in Buyer Parent’s sole discretion.
Buyer shall provide the Transferred Employees with the employee benefits being provided to Buyer's own employees, subject to the terms of those Employee Benefit Plans of Buyer (the "Buyer's Employee Benefits"), and shall credit Transferred Employees' service with Seller for purposes of eligibility and vesting under all of Buyer's welfare benefit plans and qualified pension and profit sharing plans to the extent that such service credit would be relevant.
Buyer will treat all service of the Transferring Employees earned while employed by the Company prior to the Closing as service with Buyer for purposes of waiting periods under those Benefit Plans of Buyer made available to the Transferring Employees and for any other purpose required by applicable Law.
As soon as administratively practicable after the Closing Date, Buyer shall provide that employees of Target who become employees of Buyer or one of its Subsidiaries shall be entitled to participate in the Employee Benefit Plans of Buyer.
At the end of each such plan year, Buyer presently intends to transfer such employees to a corresponding Employee Benefit Plans of Buyer (or its Parent) if a corresponding plan exists.
The decreased caution in communication in the VUCA world is also testified to by the fact thatone in two witness people criticizing or attacking each other in daily life.
Any obligation under an Employee Benefit Plan or Other Employee Plan of Buyer to pay claims, including, without limitation, claims for health, dental, life, accidental death, disability, and related benefits, for services rendered on or after the Employment Commencement Date with respect to a Transferred Employee, his or her spouse, or his or her dependents or beneficiaries, shall be the responsibility of Buyer and its employee plans or of the carrier or carriers under the Employee Benefit Plans of Buyer.