Buyer Welfare Benefit Plans definition

Buyer Welfare Benefit Plans shall have the meaning set forth in Section 10.3.
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Buyer Welfare Benefit Plans has the meaning given to it in Section 7.05(c).
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Buyer Welfare Benefit Plans shall have the meaning set forth in Section 6.9(f).
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Examples of Buyer Welfare Benefit Plans in a sentence

  • The Buyer shall use commercially reasonable efforts to cause the Buyer Welfare Benefit Plans to recognize any out-of-pocket medical and dental expenses incurred by each of the Transferred Employees and their eligible dependents prior to the Closing Date and during the calendar year in which the Closing Date occurs for purposes of determining deductibles and out-of-pocket maximums under the Buyer Welfare Benefit Plans (the Seller shall provide such information to the Buyer at or prior to the Closing).

  • Buyer or the Buyer Welfare Benefit Plans will be liable for, and pay, perform and discharge when due, all Liabilities relating to Continued Employees in respect of claims covered by the Buyer Welfare Benefit Plans with respect to medical (including vision care and prescription drugs), hospitalization and dental services rendered or expenses incurred after the Closing Date.

  • The Buyer shall use commercially reasonable efforts to cause all waiting periods and pre-existing condition clauses to be waived under the Buyer Welfare Benefit Plans for the Transferred Employees and their eligible dependents who were participating in the welfare benefits plans and programs of the Seller and its Affiliates immediately prior to the Closing Date.

  • The Buyer Welfare Benefit Plans will credit each Continued Employee with the same service and any other item credited to or otherwise accumulated for the benefit of such Person under the corresponding Rockwell Welfare Benefit Plans immediately prior to the Welfare Benefits Transition Date, including service credited for waiting periods and amounts credited toward any medical or health insurance deductible or co-payments.

  • Effective as of the first day of the first month following the Effective Time, the Transferred Employees shall cease to participate in Seller’s health care, dental care, and vision plans and shall commence participation in similar plans offered by Buyer as required by this Agreement as part of the Buyer Welfare Benefit Plans.

  • PUBLIC VERSION pocket expense limits and insert the Buyer Welfare Benefit Plans as disease such amounts had long paid tool such Buyer Welfare Benefit Plans.

  • However, in low-income countries more low cost feasible options, such as the instalment of small-scale incinerators at selected health centres and district hospitals, should be considered.

  • Benefits provided under the Buyer Welfare Benefit Plans to Transferred Employees shall be similar in the aggregate than those provided by the Seller under the Seller Welfare Benefit Plans as of the Closing Date.

  • No waiting period or exclusion from coverage for any pre-existing medical condition shall apply to any such Transferred Employee’s participation in any employee benefit plan of the Buyer Welfare Benefit Plans after the Closing Date (including group term life insurance but not including optional universal group life insurance), except to the extent such restrictions were imposed on a Transferred Employee by the Seller immediately prior to the Closing Date.

  • This predicament is a common problem beseeching teachers assigned in school communities with students having diverse ethnicity.


More Definitions of Buyer Welfare Benefit Plans

Buyer Welfare Benefit Plans has the meaning provided such term in Section 5.11(d).
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Buyer Welfare Benefit Plans has the meaning set forth in Section 9.8(a). “Buyer’s Canadian Deferred Profit Sharing Plan” has the meaning set forth in Section 9.2(f)(i). “Buyer’s Canadian Pension Plan” has the meaning set forth in Section 9.2(d)(ii). “Buyer’s Canadian Savings Plan” has the meaning set forth in Section 9.2(e)(i). “Buyer’s Letter” has the meaning set forth in Section 3.2(d). “Buyer’s U.S. Pension Plan” has the meaning set forth in Section 9.2(a)(ii). “Buyer’s U.S. Savings Plan” has the meaning set forth in Section 9.2(b)(i). “Cash” means all cash (including cash in bank accounts of any of the Acquired Companies as of the Effective Time and checks and wire transfers received by any of the Acquired Companies prior to the Effective Time which were not deposited in bank accounts of any of the Acquired Companies prior to the Effective Time or which were so deposited but were not reflected as cash on deposit in any bank accounts of the Acquired Companies as of or prior to the Effective Time), cash equivalents, funds, certificates of deposit, similar instruments and short term investments of any of the Acquired Companies. “China Approval” means the approval set forth in item 1 on Schedule 5.4. “China Closing” has the meaning set forth in Section 4.5(a)(v). 3
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Related to Buyer Welfare Benefit Plans

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • 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).

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

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

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

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

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

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

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

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

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

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

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • 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;

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(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.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • 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.

  • 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.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

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