Buyer FSA Plan definition

Buyer FSA Plan has the meaning set forth in Section 6.5.
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Buyer FSA Plan has the meaning set forth in Section 8.08.
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Buyer FSA Plan shall have the meaning given to such term in Section 9.05.
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Examples of Buyer FSA Plan in a sentence

  • Effective on or as soon as practicable after the Closing, Seller shall transfer the account balances of the U.S. Transferred Employees from the applicable medical and dependent care account plans of Seller and its Affiliates (each, a “Seller FSA Plan”) to the Buyer FSA Plan, and Buyer shall be responsible for the obligations of the Seller FSA Plan to provide benefits to the U.S. Transferred Employees with respect to such transferred account balances at or after the Closing.

  • Each Transferring Employee will be permitted to continue to have payroll deductions made pursuant to the Buyer FSA Plan as most recently elected by him or her under the applicable Seller FSA Plan.

  • Amounts forfeited by Transferring Employees in the Buyer FSA Plan at the end of the plan year during which the Closing occurs will be assets of Buyer or the O&M Provider, as applicable.

  • Buyer shall promptly reimburse Seller for benefits paid by the Seller FSA Plans to any Transferred Employee prior to the Applicable Transfer Time to the extent in excess of the payroll deductions made in respect of such Transferred Employee prior to the Applicable Transfer Time, such reimbursement to be offset by any benefits paid under the Buyer FSA Plan in excess of the related payroll deductions after the Applicable Transfer Time.

  • Each Transferred Employee who participated in the Seller FSA Plan shall be permitted to continue to have payroll deductions made as in effect for such Transferred Employee under the Buyer FSA Plan after the Closing Date.

Related to Buyer FSA Plan

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

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

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

  • Buyer Plans has the meaning set forth in Section 6.02(b).

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

  • Purchaser Plans shall have the meaning set forth in Section 6.6(a)(v).

  • 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.

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

  • Seller Plans has the meaning set forth in Section 3.13(a).

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

  • 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.

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

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • 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)).

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • RemainCo shall have the meaning set forth in the Preamble.

  • Parent Plans has the meaning set forth in Section 6.4(c).

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

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

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

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.