Buyer Retirement Plan definition

Buyer Retirement Plan as defined in Section 10.5(d).
Sample 1Sample 2
Buyer Retirement Plan shall have the meaning specified in Section 5.11(a) of this Agreement.
Sample 1
Buyer Retirement Plan. Section 5.6(b)
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Examples of Buyer Retirement Plan in a sentence

  • If and to the extent the Employees are eligible to participate in any Buyer Retirement Plan and Buyer Welfare Plan under their respective terms, the Employees shall be given credit under such Plans for all service prior to the Closing Date with Seller and for all service with the Buyer or any Affiliate of the Buyer prior to the time such Employees become participants in the Buyer Welfare Plans and the Buyer Retirement Plans.

  • The Buyer Entity shall use each Domestic Transferred Employee's age as of the first date for which such Domestic Transferred Employee is credited with Past Service for the purpose of determining the Mid-Career Adjustment provided by the Buyer Retirement Plan with respect to such Domestic Transferred Employees.

  • Following such asset transfer, the Buyer Retirement Plan shall assume all liability for the payment of the benefits attributable to such transferred assets, and none of the Seller, the Seller Retirement Plan or the trust thereunder shall have any obligation or liability with respect to such benefits.

  • The Buyer agrees to cause the Buyer Retirement Plan to accept rollovers, including of loans, by Transferred Employees from the Company Retirement Plan.

  • Each party shall promptly report to the other parties any customer complaints and/or equipment malfunctions that comes to its attention which could affect the safe operation of the equipment in writing.

  • Replicas are needed since data is stored in main memory at each node.

  • Each such Transferred Employee shall be given the option to receive a distribution of his or her account balance under the applicable Seller Retirement Plan and, in accordance with applicable Law, elect to roll over such amount (but excluding any notes corresponding to outstanding loans), into the Buyer Retirement Plan to the extent permitted under such Buyer Retirement Plan.

  • Buyer and its Affiliates agree to take all necessary and legally permissible actions in order to cause the Buyer Retirement Plan to accept a transfer through a direct trust to trust transfer from the Seller Retirement Plan of the account balances (including any outstanding loan balances) of all Company Employees on or as soon as practicable after the Closing Date.

  • To the extent permitted by applicable law, all employees of the Company as of December 31, 2011 (“Company Legacy Employees”) shall be deemed to have satisfied all of the years of service requirements for purposes of vesting in the Buyer Retirement Plan and shall be deemed to be fully vested.

  • The Buyer agrees that it will cause the third party administrators of the Buyer Retirement Plan to accept any rollover (in the form of cash, stock, notes (in the case of loans) or a combination thereof) contemplated pursuant to this Section 6.1(d) no later than thirty (30) days following the date that the Buyer or such third party administrator receives the documentation necessary to process such rollover.


More Definitions of Buyer Retirement Plan

Buyer Retirement Plan has the meaning set forth in Section 5.11.7.
Sample 1
Buyer Retirement Plan has the meaning set forth in Section 4.3(e).
Sample 1

Related to Buyer Retirement Plan

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Public employees retirement system means the retirement plan and program

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Normal Retirement Age means the Executive's 65th birthday.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Disability retirement for plan 1 members, means the period

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Continuing care retirement community means a residential

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Retirement Eligibility means Employee’s attainment of 60 years of age and ten years of continuous employment with Corporation.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Qualified Retirement means any termination of your employment with the Company Group that occurs on or after your 60th birthday, at a time when no member of the Company Group is entitled to discharge you for Cause, so long as you have served the Company Group continuously for at least the five-year period immediately preceding that termination.

  • Retirement Eligible means that the Participant has either attained age 55 and completed ten (10) years of Service as an Employee or attained age 60 and completed five (5) years of Service as an Employee.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.