Examples of Canadian Business Employees in a sentence
Canadian Business Employees will be offered the opportunity to transfer the account balance of their select investments and self-directed investments in the RRSP component of the KCI Savings Plan to the Neenah Paper Canadian Savings Plan and with respect to any spousal or common-law partner RRSP accounts, their spouses or common-law partners shall be offered the same opportunity.
Transferred Employees and, as applicable, Canadian Business Employees who are not Transferred Employees shall be eligible to participate in the Neenah Paper Welfare Plans immediately following the Cessation Time on the same basis on which they were eligible to participate in the Kxxxxxxx-Xxxxx Welfare Plans immediately prior to the Cessation Time.
Neenah Paper shall assume and be solely responsible for any liabilities arising from or in connection with all such Canadian Business Employees under such plans.
With respect to each Benefit Plan under which benefits are provided to Canadian Business Employees and Irish Business Employees, Seller and its Affiliates shall, on or prior to the Closing Date, administer each such Benefit Plan in all material respects in accordance with its terms and Applicable Law.
Employee Savings Plan (the “KCI Savings Plan”) for all Canadian Business Employees (the “Neenah Paper Canadian Savings Plan”).
Except as otherwise provided in this Agreement or as required by the terms of any Kxxxxxxx-Xxxxx Non-ERISA Benefit Arrangement, or by provincial law, participation in Kxxxxxxx-Xxxxx Non-ERISA Benefit Arrangements will cease for all Transferred Employees and all Canadian Business Employees who are not Transferred Employees as of the Cessation Time.
Prior to the Distribution Date, RMT Partner shall provide Parent with a written description of the compensation and benefits programs that shall apply to the U.S. Represented Employees and the Canadian Business Employees following the Distribution Date.
Seller shall indemnify and hold harmless Buyer and its Affiliates from any and all Damages incurred on or after the Closing Date as a result of, arising out of, or in connection with the Canadian Business Employees, the Irish Business Employees and the Other Business Employees before the Closing Date in respect of any breach of the information and consultation provisions of any Applicable Law (including the Transfer Regulations) by Seller or any Affiliate of Seller.
Neenah Paper shall credit Transferred Employees and, as applicable, Canadian Business Employees who are not Transferred Employees with all years of service credited to such individuals by Kxxxxxxx-Xxxxx and its subsidiaries and affiliates for all purposes relating to Neenah Paper’s Welfare Plans.
Neenah Paper shall credit Transferred Employees and, as applicable, Canadian Business Employees who are not Transferred Employees with any amounts paid under the Kxxxxxxx-Xxxxx Welfare Plans toward satisfaction of applicable deductible amounts and copayments, coinsurance and out-of-pocket maximums under the corresponding Welfare Plans maintained by Neenah Paper to the extent such payments would have been taken into account under the Kxxxxxxx-Xxxxx Welfare Plans.