Buyer Savings Plans definition

Buyer Savings Plans are defined in Section 11.2.2(b).
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Buyer Savings Plans has the meaning set forth in Section 8.5(b).
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Buyer Savings Plans has the meaning set forth in SECTION 10.3(d).
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Examples of Buyer Savings Plans in a sentence

  • Other categories of people excluded are those perceived as witches and sorcerers.

  • After the date of any transfer of assets and liabilities pursuant to this Section 6.2(a), Buyer and the Buyer Savings Plans shall assume all liabilities for the benefits payable to or with respect to such Transferred Employees under the Parent Savings Plans, and Sellers and the Parent Savings Plans and their implementing trust shall retain no liability for such benefits.

  • Buyer agrees to permit all Transferred Employees to participate in the applicable Buyer Savings Plan(s) or any other qualified defined contribution plans maintained by Buyer on the same terms and conditions as similarly situated Buyer employees, taking into account prior service in accordance with Section 7.1.2(c).

  • For purposes of eligibility and vesting under the Buyer Savings Plans, each Transferred Employee shall be credited with service as of the Closing Date as determined under the terms of the Seller Savings Plans.

  • The Buyer Savings Plans shall accept direct or indirect rollovers of any such distributions from the Seller Savings Plans, and Seller and Buyer shall cooperate to ensure that direct rollovers in kind of participant loans are permitted.

  • Buyer agrees to permit all Transferred Employees to participate in a Buyer Savings Plans and any other qualified defined contribution plans maintained by Buyer on the same terms and conditions as similarly situated Buyer employees.

Related to Buyer Savings Plans

  • 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).

  • 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.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • 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;

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

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Old Plans shall have the meaning set forth in Section 5.11(b).

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

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

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

  • 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)).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

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

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

  • 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.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

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

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • 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.

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

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