Buyer Welfare Plans definition

Buyer Welfare Plans has the meaning set forth in Section 7.11(b).

Buyer Welfare Plans is defined in Section 11.2.3(a).

Buyer Welfare Plans has the meaning set forth in Section 6.2(b)(1).

Examples of Buyer Welfare Plans in a sentence

• Any restrictions on coverage for pre-existing conditions or requirements for evidence of insurability under the Buyer Welfare Plans shall be waived for Transferred Employees, and Transferred Employees shall receive credit under the Buyer Welfare Plans for co-payments and payments under a deductible limit made by them and for out-of-pocket maximums applicable to them during the plan year of the Seller Welfare Plan in accordance with the corresponding Seller Welfare Plans.

• The Non-union Welfare Plans and the Bargained Welfare Plans are hereinafter referred to collectively as the "Buyer Welfare Plans." The Buyer Welfare Plans shall provide as of the Closing Date pre-retirement benefits to Transferred Employees (and their dependents and beneficiaries) that, in the aggregate, are comparable to the pre-retirement benefits to which they were entitled under the corresponding employee welfare benefit plans maintained by Seller on the Closing Date.

• Buyer shall cause deductibles and out-of-pocket payments expended for coverage under the Seller Welfare Plans in the plan year in which the Closing Date occurs to be counted toward the deductibles and out-of-pocket maximums applicable to each Transferred Employee under the Buyer Welfare Plans.

• The Non-Union Welfare Plans and the Bargained Welfare Plans are hereinafter referred to collectively as the "Buyer Welfare Plans." The Buyer Welfare Plans shall provide as of the Closing Date pre-retirement benefits to Transferred Employees (and their dependents and beneficiaries) that, in the aggregate, are comparable to the pre-retirement benefits to which they were entitled under the corresponding employee welfare benefit plans maintained by Seller on the Closing Date.

• The Covered Employees shall be entitled to apply deductibles and out of pocket payments expended for covered medical and dental expenses under the Seller Welfare Plans in the plan fiscal year ending December 31, 2003, to the deductibles and out of pocket maximums under the Buyer Welfare Plans, if any, for the plan fiscal year which ends on December 31, 2003.

More Definitions of Buyer Welfare Plans

Buyer Welfare Plans means any welfare plan as defined in ERISA Section 3(1) which the Buyer maintains or to which the Buyer contributes on or after the Closing.

Buyer Welfare Plans has the meaning specified in Section 6.7(b).

Buyer Welfare Plans has the meaning set forth in Section 6.2(c)(1).

Buyer Welfare Plans as defined in Section 6.3.1.

Buyer Welfare Plans has the meaning set forth in Section 6.5(f).

Buyer Welfare Plans shall have the meaning ascribed to such term in Section 10.3(c)(ii).

Buyer Welfare Plans shall have the meaning set forth in SECTION 4.3(F) of the Agreement.