PFC Benefit Plan definition
PFC Benefit Plan is defined in Section 3.8.
Examples of PFC Benefit Plan in a sentence
Effective not later than the Closing Date, Affected Employees and their beneficiaries and dependents shall cease to participate in the applicable PFC Benefit Plan and shall cease to be eligible to accrue further benefits under any PFC Benefit Plan (except for disability benefits and COBRA to the extent applicable).
No liability arising under any such PFC Benefit Plan is assumed by Buyer.
Nothing in this Agreement shall be construed to affect the eligibility or lack thereof of any Affected Employee or PFC and Service Employee to severance or similar payments from PFC or under any PFC Benefit Plan.