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 Transferred Employee shall continue to have payroll deductions made under the Buyer FSA Plan as most recently elected by him or her under the applicable Seller FSA Plan.

  • With respect to the remainder of the calendar year following the Closing, Buyer shall honor and execute under the Buyer FSA Plan the payroll deduction elections effective for each Transferred Employee under the FJ FSA Plan as of the Closing Date and shall pay claims made by such Transferred Employee under the terms of the Buyer FSA Plan, without regard to when the claims arose.

  • 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.

  • On and after the Closing Date (or such later date contemplated by the Ancillary Agreements), the Buyer shall assume and be solely responsible for all claims for reimbursement by Continuing Employees, whether incurred prior to, on or after the Closing Date (or such later date contemplated by the Ancillary Agreements), that have not been paid in full as of such date under the Seller FSA Plan, which claims shall be paid pursuant to and under the terms of the Buyer FSA Plan.

  • 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.

  • Corporate brands can increase the firm’s visibility, recognition, and reputation to a greater extent than can product brands (Xie and Boggs 2006).

  • All reimbursable expenses incurred by a Transferred Employee prior to the Closing must be submitted to the applicable Employer Entity FSA Plan, and the Buyer FSA Plan shall not be liable for any such expenses incurred prior to the Closing.

  • The wholesale rate is determined in accordance with the formula set forth in section 10 of this regulation.Sec.

  • Fort James shall transfer the assets (up to the maximum aggrxxxxx limit for claims under the Buyer FSA Plan) withheld from the Transferred Employees' paychecks during calendar year 1999 through the Closing Date less any reimbursements properly made to such Transferred Employees for calendar year 1999 expenses under the FJ FSA Plan.

Related to Buyer FSA Plan

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

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • 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;

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

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

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

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

  • Market Seller Offer Cap means a maximum offer price applicable to certain Market Sellers under certain conditions, as determined in accordance with Tariff, Attachment DD. section 6 and Tariff, Attachment M-Appendix, section II.E.

  • Death master file match means a search of the death master file that results in a match of the social security number or the name and date of birth of an insured, an annuity owner or a retained asset account holder.[PL 2017, c. 129, §1 (NEW).]

  • 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.