Newco Plans definition

Newco Plans is defined in Section 1.6.
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Newco Plans has the meaning set forth in Section 5.8(b).
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Newco Plans shall have the meaning set forth in Section 4.4(k).
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Examples of Newco Plans in a sentence

  • Newco shall credit the Employees with any amounts paid prior to the Closing Date under any Employee Benefit Plan which is an "employee welfare plan" within the meaning of Section 3(1) of ERISA with respect to satisfaction of any applicable deductible amounts and copayment minimums under the Newco Plans.

  • The Newco Plans shall not, with respect to any Employee, limit or otherwise restrict participation thereunder for reason of any preexisting condition limitation in such plan to the extent that such Employee (i) is not subject to any preexisting condition limitation under a similar Employee Benefit Plan, or (ii) currently participates under a similar Employee Benefit Plan.

  • Newco shall assume, effective as of the Closing, the Caldera Plans, Caldera Stock Purchase Plan and non-plan grants and awards, as amended through the Effective Time (collectively, the "Newco Plans").

  • Newco agrees to use its best efforts to cause the shares of Newco Common Stock issuable in connection with the Mergers, and those required to be reserved for issuance pursuant to the Click2learn Options and Docent Options assumed by Newco and the new or assumed Newco Plans, the Click2learn Warrants and the Docent Warrants (collectively, the “Newco Reserved Shares”), upon official notice of issuance to be authorized for quotation on the Nasdaq National Market.

  • The Newco Plans shall provide benefits which, together with total cash compensation (including bonus) and options, shall be substantially similar in the aggregate to those provided by Xxxxxxx and Novacor LLC to the Employees immediately prior to the Closing Date.

  • Newco shall assume, effective as of the Closing, the ----------- Caldera Plans, Caldera Stock Purchase Plan and non-plan grants and awards, as amended through the Effective Time (collectively, the "Newco Plans").

  • Each patent application is awaiting action by its respective patent office except as otherwise indicated in the Disclosure Schedule.

  • Except as specifically provided herein, such Newco Plans shall be continued without material modification or amendment until at least December 31, 1999; provided, that no modification or amendment may be made without the written consent of the affected employee to any Special Benefit under the SERP at any time after the Closing Date which could not have been made prior thereto, and, provided further, that at all times such Special Benefits shall be binding upon any successor to Newco.

  • At the request of Newco, the Company shall provide to Newco such administrative services in connection with the Newco Plans as Newco and the Company shall mutually agree upon, during the two-year period following the Closing Date.

  • Newco and Newco Plans shall, in addition to the specific requirements stated above, count service and participation to the extent counted by Tenneco, TPI and plans maintained by either for all compensation and benefit purposes, to the extent such service recognition does not result in a duplication of benefits.


More Definitions of Newco Plans

Newco Plans has the meaning set forth in Section 5.8(c).
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Related to Newco Plans

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

  • Company Plans has the meaning set forth in Section 3.13(a).

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

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Old Plans shall have the meaning set forth in Section 5.11(b).

  • New Plans has the meaning set forth in Section 5.5(b).

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

  • 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).

  • Sub-Plans means any sub-plan to the Plan that has been adopted by the Board or the Committee for the purpose of permitting the offering of Awards to employees of certain Designated Foreign Subsidiaries or otherwise outside the United States of America, with each such sub-plan designed to comply with local laws applicable to offerings in such foreign jurisdictions. Although any Sub-Plan may be designated a separate and independent plan from the Plan in order to comply with applicable local laws, the Absolute Share Limit and the other limits specified in Section 5(b) shall apply in the aggregate to the Plan and any Sub-Plan adopted hereunder.

  • ERISA Plans shall have the meaning set forth in Section 3.12(a).

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • 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.

  • Foreign Plans shall have the meaning set forth in Section 3.11(d).

  • Buyer Plans has the meaning set forth in Section 6.02(b).

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

  • 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.

  • Company Option Plans means the Company 2002 Stock Plan and the Company 2007 Equity Incentive Plan.

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • Health and Welfare Plans means any Benefit Plan that was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including preferred provider organization, exclusive provider organization, and high deductible health plan coverages), dental, prescription, vision, short-term disability, long-term disability, life and accidental death and dismemberment, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account, and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death, or unemployment, vacation benefits, apprenticeship or other training programs, day care centers, scholarship funds, or prepaid legal services, including any such plan, fund, or program as defined in Section 3(1) of ERISA.

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Title IV Plans means all Pension Plans that are subject to Title IV of ERISA, 29 U.S.C. Section 1301 et seq., other than Multi-Employer Plans.