Buyer Pension Plans definition

Buyer Pension Plans has the meaning set forth in Section 4.15(b).
Buyer Pension Plans are defined in Section 11.2.1(b).
Buyer Pension Plans have the meanings set forth in Section 8.2.1(b).

Examples of Buyer Pension Plans in a sentence

  • All premiums due the PBGC with respect to the Buyer Pension Plans have been paid.

  • Buyer shall not amend the Buyer Pension Plans, or permit the Buyer Pension Plans to be amended, to eliminate any benefit, whether or not vested, that is a "Section 411(d)(6) protected benefit" (as defined by Section 411(d)(6) of the IRC and the regulations thereunder).

  • There are no outstanding liabilities of the Buyer to the Buyer Pension Plans, and the Buyer knows of no potential liabilities in connection therewith.

  • There are no actions, suits or claims, other than for benefits in the normal course, pending or to the knowledge of the Buyer threatened, and the Buyer has no knowledge of any facts which could give rise to any actions, suits or claims, against any of the Buyer Pension Plans, or against the Buyer which might subject the Buyer to any material liability.

  • Buyer agrees to take all actions necessary and appropriate to remove any age restrictions contained in any qualified retirement plan maintained by Buyer ("Buyer Pension Plans") which would, if not removed, prevent Transferred Employees who were eligible to participate in the Savings Plan as of the Closing Date from participating in such Buyer Pension Plan.

  • To the knowledge of Buyer, each individual who renders services to the Buyer or any of its Subsidiaries who is classified by the Buyer or any of its Subsidiaries as having the status of an independent contractor or as having other non-employee status for any purpose (including for purposes of taxation, tax reporting, and/or Buyer Pension Plans, Buyer Benefit Plans or Buyer Other Plans) is properly so characterized.

  • The Buyer shall establish, effective as of the Closing Date, defined benefit pension plans (the "Buyer Pension Plans") identical in all respects to the Retirement Plan for Hourly Employees of 101 the Greenville Division (the "Union Pension Plan") and those Sellers' Pension Plans in which AIS Employees participate , except benefits accrued under the Buyer's Plans shall be offset by the benefits accrued under the respective Seller's Plans.

  • In no event will the age 65 single life benefit accrued under the Buyer Pension Plans for Transferred Employees be less than the benefit such Transferred Employees would receive if only service with Buyer were recognized under the Buyer Pension Plans.

  • From and after the date of such applicable transfer of the Pension Transfer Amounts, Buyers and their Affiliates agree to indemnify and hold harmless Sellers and their Affiliates from and against any and all costs, damages, losses, expenses, or other Liabilities arising out of or related to the provision of such benefits to Non-U.S. Transferred Employees and Non-U.S. Former Employees whose benefits under the Seller Pension Plans are transferred to the Non-U.S. Buyer Pension Plans.

  • Assets transferred shall be separately accounted for under the Buyer Pension Plans.


More Definitions of Buyer Pension Plans

Buyer Pension Plans shall have the meaning ascribed thereto in Section in Section 3.13(a) hereof.
Buyer Pension Plans. Section 4.01(s) "Buyer Shares" -- Preamble "Buyer Stock Option Plans" -- Section 4.01(c) "Cash Election Shares" -- Section 2.02(b) "Cash Percentage" -- Section 2.01(c) "CERCLA" -- Section 3.01(y) "CBank" -- Section 3.01(a) "Closing Date" -- Section 9.01 "Closing" -- Section 9.01 "Code" -- Preamble "Compensation and Benefit Plans" -- Section 3.01(t) "Confidentiality Letter" -- Section 12.03 "Constituent Corporations" -- Preamble "Consultants" -- Section 3.01(t) "Costs" -- Section 6.06(a) "CRA" -- Section 3.01(hh) "Delaware Secretary of State" -- Section 1.02 "Determination Date" -- Section 2.01(b) "DGCL" -- Section 1.01 "Directors" -- Section 3.01(t) "DOL" -- Section 3.01(t) "DPC Shares" -- Section 2.01(c) "Effective Time" -- Section 1.02 "Election Deadline" -- Section 2.02(b) "Election Form" -- Section 2.02(a) "Election Form Record Date" -- Section 2.02(b) "Employees" -- Section 3.01(t) "Environmental Law" -- Section 3.01(y) "ERISA" -- Section 3.01(t)

Related to Buyer Pension Plans

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

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

  • Pension Plans The meaning specified in Section 4.1(v).

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

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

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

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

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

  • 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.

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

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

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

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

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

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • 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).

  • ERISA Plans shall have the meaning set forth in Section 3.13(a).

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • 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;

  • Parent ERISA Affiliate means any corporation or trade or business (whether or not incorporated) which is (or at any relevant time was) treated with Parent or any of its Subsidiaries as a single employer within the meaning of Section 414 of the Code.