Buyer Cafeteria Plan definition

Buyer Cafeteria Plan shall have the meaning set forth in Section 7.9(h) hereof.
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Buyer Cafeteria Plan. Section 6.1(h)
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Buyer Cafeteria Plan as defined in Section 13.1(d). “Buyer Common Stock”--the Buyer’s common stock, par value $0.01 per share.
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Examples of Buyer Cafeteria Plan in a sentence

  • As soon as practicable following the Closing Date, the Seller shall cause to be transferred from the Seller Cafeteria Plan to the Buyer Cafeteria Plan the excess, if any, of the aggregate accumulated contributions to the flexible spending reimbursement accounts made by Cafeteria Plan Participants prior to the Closing during the year in which the Closing occurs over the aggregate reimbursement payouts paid to the Cafeteria Plan Participants for such year from such accounts.

  • Each Continuing Employee who participated as of the Closing Date (collectively, the “Cafeteria Plan Participants”) in a Seller Plan qualified under Section 125 of the Code (a “Seller Cafeteria Plan”), shall participate in the Buyer Cafeteria Plan effective as of the Closing Date.

  • The Buyer agrees to cause the Buyer Cafeteria Plan to honor and continue through the end of the calendar year in which the Closing Date occurs the elections made by each Transferred U.S. Employee under the Company Cafeteria Plan in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Closing Date.

  • Buyer or an Affiliate of Buyer shall cause the balance of each Transferred U.S. Employee’s accounts under the Tyco Electronics Cafeteria Plan as of the Closing Date to be credited to the Transferred U.S. Employee’s corresponding accounts under the Buyer Cafeteria Plan in which such employees participate following the Closing Date.

  • The Buyer or an Affiliate of the Buyer shall cause the balance of each Transferred U.S. Employee’s accounts under the Company Cafeteria Plan as of the Closing Date to be credited to the Transferred U.S. Employee’s corresponding accounts under the Buyer Cafeteria Plan in which such employee participates following the Closing Date.

  • Each Continuing Employee who participated as of the Closing Date (collectively, the "Cafeteria Plan Participants") in a Seller Plan qualified under section 125 of the Code (a "Seller Cafeteria Plan"), shall participate in the Buyer Cafeteria Plan effective as of the Closing Date.

  • Effective as of the Closing Date, the Buyer or an Affiliate of the Buyer shall have in effect flexible spending reimbursement accounts under a cafeteria plan qualified under section 125 of the Code (the "Buyer Cafeteria Plan").

  • Buyer agrees to cause the Buyer Cafeteria Plan to honor and continue through the end of the calendar year in which the Closing Date occurs the elections made by each Transferred U.S. Employee under the Tyco Electronics Cafeteria Plan in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Closing Date.

  • The Buyer agrees to cause the Buyer Cafeteria Plan to accept a spin-off of the flexible spending reimbursement accounts of the U.S. Transferred Business Employees from the Seller Cafeteria Plan and to honor and continue through the end of the calendar year in which the Closing Date occurs the elections made by each U.S. Transferred Business Employee under the Seller Cafeteria Plan in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Closing.

  • The Buyer shall credit or debit, as applicable, effective as of the Closing Date, the applicable account of each U.S. Transferred Business Employee under the Buyer Cafeteria Plan with an amount equal to the balance of such Transferred Business Employee’s account under the Seller Cafeteria Plan as of immediately prior to the Closing Date.


More Definitions of Buyer Cafeteria Plan

Buyer Cafeteria Plan has the meaning set forth in Section 5.6(f).
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Buyer Cafeteria Plan has the meaning provided such term in 0.
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Related to Buyer Cafeteria Plan

  • Cafeteria plan means a written plan under which all participants are employees, and the participants may choose among two or more benefits consisting of cash and qualified benefits.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each “employee benefit plan,” within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller, any Subsidiary or any ERISA Affiliate.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).