Buyer Employee Plans definition

Buyer Employee Plans shall have the meaning set forth in Section 4.12 hereof.

Buyer Employee Plans has the meaning set forth in Section 6.9(d).

Buyer Employee Plans has the meaning assigned to such term in Section 7.4(d).

Examples of Buyer Employee Plans in a sentence

• To the knowledge of Buyer or any of its Subsidiaries, the Buyer Employee Plans are not the subject of any investigation, audit or action by the IRS, the Department of Labor or the PBGC.

• Notwithstanding anything to the contrary herein, such eligible former Company employees shall only be eligible to participate in such Buyer Employee Plans in which all employees of Buyer and its Subsidiaries are generally eligible to participate.

• Sellers and Buyer agree to reasonably cooperate and to take all action, or cause such action to be taken, which may be necessary in order to effectuate the transactions contemplated by this Article 8, including without limitation adopting any necessary amendments to the Seller Employee Plans and the Buyer Employee Plans, making all necessary filings and submissions to the appropriate governmental agencies and providing Company Employees with any notification required by Applicable Law.

• To the extent that Buyer or an Affiliate of Buyer does not maintain Buyer Employee Plans that provide for the Current Employee Benefits as of the Closing Date, then on or prior to the Closing Date, Buyer shall establish, or cause one or more Affiliates of Buyer to establish, one or more Buyer Employee Plans to provide for such Current Employee Benefits to ensure that there is no lapse in Current Employee Benefit coverage for the Transferred Employees on or following the Closing Date.

• Except as set forth in Section 4.14(c) of the Buyer Disclosure Schedule, there have not been any "prohibited transactions," as such term is defined in Section 4975 of the Code or Section 406 of ERISA, involving any of the Buyer Employee Plans that could subject Buyer or any of its Subsidiaries to any penalties or taxes imposed under the Code or ERISA.

More Definitions of Buyer Employee Plans

Buyer Employee Plans means (a) all material employee benefit plans (within the meaning of Section 3(3) of ERISA), (b) all material retirement, superannuation, welfare benefit, bonus, thirteenth month, stock option, stock purchase, phantom or stock equivalent, restricted stock, incentive, supplemental retirement, deferred compensation, profit sharing, retiree health, hospitalization, medical, dental, vision, life insurance, death benefit, sick pay, disability, severance, termination indemnity, redundancy pay, educational assistance, holiday pay, housing assistance, moving expense reimbursement, Code Section 125 flexible benefit, or vacation plans, programs or agreements and (c) all individual employment, retention, termination, severance or other similar agreements of Buyer and Parent.

Buyer Employee Plans means all “employee benefit plans” within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), all formal written plans and all other compensation and benefit plans, contracts, policies, programs and arrangements of the Buyer or of any Buyer Subsidiary whom the Buyer causes to hire a Transferred U.S. Employee pursuant to ARTICLE VI (other than routine administrative procedures) in effect as of the Closing Date, including all pension, savings and thrift, bonus, or other cash incentive or deferred compensation, severance pay and medical and life insurance plans in which any of the employees of the Buyer or any applicable Buyer Subsidiary (or dependents of such employees) participate.

Buyer Employee Plans as defined in Section 5.13(a).

Buyer Employee Plans shall have the meaning ascribed to such term in subsection (o)(ix) of Schedule B;

Buyer Employee Plans is defined in Section 7.10.

Buyer Employee Plans means all “employee benefit plans” within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ ERISA”), all formal written plans and all other compensation and benefit plans, contracts, policies, programs and arrangements of the Buyer or of any Buyer Subsidiary whom the Buyer causes to hire a Transferred U.S. Employee pursuant to ARTICLE VI (other than routine administrative procedures) in effect as of the Closing Date, including all pension, savings and thrift, bonus, or other cash incentive or deferred compensation, severance pay and medical and life insurance plans in which any of the employees of the Buyer or any applicable Buyer Subsidiary (or dependents of such employees) participate.

Buyer Employee Plans means: (i) all employee benefit plans (as defined in Section 3(3) of ERISA) and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree medical or life insurance, supplemental retirement, severance or other material benefit plans, programs or arrangements, and all employment, termination or severance Contracts to which Buyer or any of its Subsidiaries is a party (except for offer letters or employment agreements that provide for employment that is terminable at will and without material cost or liability to Buyer or its Subsidiaries), with respect to which Buyer or any Buyer Affiliate has or could reasonably be expected to have any obligation or that are maintained, contributed to or sponsored by Buyer or any of its Subsidiaries for the benefit of any current or former employee, officer or director of Buyer or any of its Subsidiaries and (ii) and any material consulting contracts, arrangements or understandings between Buyer or any Buyer Subsidiary and any natural person consultant of Buyer or any Buyer Subsidiary.