Examples of Business Benefit Plan in a sentence
With respect to each Business Benefit Plan that is not an Assumed Benefit Plan and that is required to be listed on Section 4.09-1 of the Seller Disclosure Letter, Seller has made available to Purchaser the most recent summary plan description.
Such payments shall be made in accordance with the terms and conditions of the applicable Business Benefit Plan listed on Section 5.6(k) of the Seller Disclosure Letter and Purchaser shall indemnify and defend each of the Seller Indemnitees against, and shall hold each of them harmless from and against, any such Liabilities, obligations and responsibilities.
Seller or one of its Subsidiaries or Affiliates has made available to Purchaser or one of its Affiliates prior to the Closing or Deferred Closing, as applicable, in respect of each Business Benefit Plan required to be listed on Section 3.15(a) of the Seller Disclosure Letter, a true and complete copy of the current plan document or, in the case of any unwritten Business Benefit Plan, a written summary of such Business Benefit Plan’s material terms.
No compensation or benefits payable to, earned or accrued in respect of any current or former employee or consultant Related to the Transferred Businesses, including the Transferred Employees, at or prior to the Closing is payable under any Business Benefit Plan that will continue to be sponsored or maintained by Splitco or Clorox Korea after the Closing or with respect to which any such Person will continue as a party or otherwise continue to be bound.
No Business Benefit Plan provides for post-retirement or post-termination medical, health or life insurance or other welfare-type benefits to any Business Employee employed in the United States.