Buyer Employee Benefit Plans definition

Buyer Employee Benefit Plans has the meaning set forth in Section 5.17(a).

Buyer Employee Benefit Plans means (i) that certain AAON, Inc. 2007 Long-Term Incentive Plan, originally adopted by the Buyer on March 13, 2007 and approved by the Buyer’s shareholders on May 22, 2007, as amended, and (ii) that certain AAON, Inc. 2016 Long-Term Incentive Plan, originally adopted by the Buyer on February 24, 2016 and approved by the Buyer’s shareholders on May 24, 2016, as amended.

Buyer Employee Benefit Plans has the meaning set forth in Section 7.6 of this Agreement.

Examples of Buyer Employee Benefit Plans in a sentence

• With respect to Buyer Employee Benefit Plans providing health coverage, Buyer shall use commercially reasonable efforts to cause any pre-existing condition, eligibility waiting period, or other limitations or exclusions otherwise applicable under such plans to new employees not to apply to a Continuing Employee or their covered dependents who were covered under a similar Seller plan at the Effective Time of the Merger.

• Until such time as Buyer shall cause the Covered Employees to participate in the applicable Buyer Employee Benefit Plans, the continued participation of the Covered Employees in the Target Benefit Plans shall be deemed to satisfy the foregoing provisions of this clause (it being understood that participation in Buyer’s Employee Benefit Plans may commence at different times with respect to each of Buyer’s Employee Benefit Plans).

• To the extent that any First Bank plans are terminated, Buyer agrees that Buyer will transition employees of First Bank to the comparable Buyer Employee Benefit Plan(s) (if any) in accordance with Section 6.9(c).

• As of the date of this Agreement, there are 8,890,000 shares of AAON Common Stock reserved for issuance under the Buyer Employee Benefit Plans.

• Buyer Parties shall indemnify and hold Seller harmless from and against any and all liabilities, claims, demands, judgments, settlements, payments, losses, costs, damages and expenses whatsoever that Seller may sustain, suffer or incur that result from, arise out of or pertain to any claims relating to the Buyer Employee Benefit Plans or the benefits provided thereby, whether arising on or after the Closing Date or to any breach of Buyer's obligations under this Article VII.

More Definitions of Buyer Employee Benefit Plans

Buyer Employee Benefit Plans means collectively, each written pension, retirement, profit-sharing, deferred compensation, bonus, incentive, performance, stock option, stock appreciation, phantom stock, stock purchase, restricted stock, medical, hospitalization, vision, dental or other health, life, disability, severance, termination or other employee benefit plan, program, arrangement, agreement or policy both domestically and internationally which currently covers any employee of Buyer and which is sponsored or maintained by Buyer.

Buyer Employee Benefit Plans shall have the meaning given to such term in Section 5.4(c).

Buyer Employee Benefit Plans has the meaning set forth in Section 7.2(a).

Buyer Employee Benefit Plans means any “employee benefit plan” (as that term is defined in Section 3(3) of ERISA), as well as any other written plan, arrangement or program providing deferred or incentive compensation to an employee of Buyer or its Affiliate in connection with such employee’s services to Buyer or its Affiliate.

Buyer Employee Benefit Plans has the meaning set forth in Section 9(d) below.

Buyer Employee Benefit Plans means Buyers’ pension, savings, profit sharing, retirement, bonus, incentive, health, dental, vision, death, accident, disability, stock purchase, stock option, stock appreciation, stock bonus, executive, supplemental or deferred compensation, executive benefits, hospitalization, severance, early retirement, termination or retirement indemnity, long service payments, housing, company car, meal subsidies, vacation, sick leave, paid or unpaid time off, jubilee awards, fringe or welfare benefits, any employment or consulting Contracts, collective bargaining agreements, “employee benefit plans” (as defined in Section 3(3) of ERISA), employee manuals, and written or binding oral statements of policies, practices or understandings relating to employment. "Buyer Parent" – Preamble.

Buyer Employee Benefit Plans defined in Section 5.5; Buyer's Indemnified Persons: Buyer, Vanguard, and their Affiliates, successors and assigns from time to time, and their respective partners, Affiliates, directors, trustees, officers, employees, agents and representatives; Cash Portion of the Purchase Price: defined in Section 2.5(c); Closing: defined in Section 11.1;