Existing Benefit Plan definition
Examples of Existing Benefit Plan in a sentence
Health Welfare Plans As plan to be introduced August Existing Benefit Plan coverage remains status quo until July for full-time employees.
In the event of a consolidation of any or all of such plans or in the event of termination of any CSFC Existing Benefit Plan, except as otherwise set forth in this Section 3.12, employees of CSFC or City Savings Bank who continue as employees of LPSB after the Effective Time (“Continuing Employees”) shall be eligible to participate in any LPSB employee plan of similar character immediately upon such consolidation or as of the first entry date coincident with or immediately following such termination.
Have, or permit any of its ERISA Affiliates to ------------- have, any Benefit Plan other than an Existing Benefit Plan.
If requested by LPSB in writing not later than ten (10) days before the Closing Date and provided that LPSB has indicated in writing that the conditions to its obligations set forth in Section 7.2 hereof have been satisfied or waived, CSFC shall take such steps within its power to effectuate a termination of any CSFC Existing Benefit Plan as of the Closing Date, provided that the CSFC Existing Benefit Plan can be terminated within such period.
If Parent provides the Company with written notice that an Existing Benefit Plan shall be terminated prior to the Closing, the Company shall provide Parent with evidence that such Existing Benefit Plan has been terminated, effective as of no later than the day immediately preceding the Closing Date, pursuant to resolutions of the Company Board.