Purchaser FSA Plan definition

Purchaser FSA Plan has the meaning set forth in Section 6.6(i).
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Purchaser FSA Plan shall have the meaning set forth in Section 5.8(f).
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Examples of Purchaser FSA Plan in a sentence

  • The Purchaser FSA Plan shall reimburse Seller or the Seller FSA Plan at the end of the calendar year containing the Closing Date to the extent amounts were paid to a participant by the Seller FSA Plan and not collected from the participant by the Seller or Seller FSA Plan and such amounts are subsequently collected by the Purchaser FSA Plan with respect to such participant.

  • Following the Transfer Date, each Transferred Employee will be reimbursed by Purchaser under the Purchaser FSA Plan for qualifying medical and dependent care expenses incurred by such Transferred Employee at any time during 2012 (including claims incurred before the Transfer Date), up to the amount of the elections made by each Transferred Employee under the Seller FSA Plan for 2012, reduced by amounts previously reimbursed by Seller or its Affiliates pursuant to the Seller FSA Plan in 2012.

  • This work was supported by the National Natu- ral Science Foundation of China (No.20671036), the Natural Science Foundation of Guangdong Province (No.2007A010500008 and No.2008B010800030), andthe Scientific Research Foundation of Nanchang Hangkong University.

  • Transferred Employees who elected to participate in the Seller FSA Plan for the plan year beginning January 1, 2012 will become participants in a flexible spending account plan of Purchaser or one of its Affiliates (the “Purchaser FSA Plan”) as if their participation in the Purchaser FSA Plan had been continuous from January 1, 2012 and at the same level of coverage elected under the Seller FSA Plan.

  • In connection with such transfer, Purchaser shall deem that such Employees’ deferral elections made under the Seller FSA Plan for the plan year in which the Closing Date occurs shall continue in effect under the Purchaser FSA Plan for the remainder of the plan year in which the Closing Date occurs.

  • As soon as practicable following the Closing Date, the Seller shall cause to be transferred from the Seller FSA Plan to the Purchaser FSA Plan the excess, if any, of the aggregate accumulated contributions to the flexible spending reimbursement accounts made by Transferred Employees prior to the Closing during the year in which the Closing occurs over the aggregate reimbursement payouts paid or payable to the Transferred Employees for such year from such accounts.

  • The beginning balance as of the Closing Date in each Purchaser FSA Plan shall be the unused portion of the balance in the analogous Seller FSA Plan.

  • Transferred Employees who elected to participate in the Seller FSA Plan for the plan year beginning January 1 of the year during which the Closing occurs shall become participants in a flexible spending account plan of the Purchaser or its Affiliate (the “Purchaser FSA Plan”) as if their participation in the Purchaser FSA Plan had been continuous from such January 1 and at the same level of coverage elected under the Seller FSA Plan.

  • Purchaser shall cause such amounts to be credited to each such Employee’s account under Purchaser’s or its Affiliate’s corresponding flexible spending account plan (the “Purchaser FSA Plan”), and all of the Employees’ claims for reimbursement of expenses incurred in the plan year in which the Closing Date occurs that have not been paid by the Seller FSA Plan as of the Closing shall be paid pursuant to the Purchaser FSA Plan.

Related to Purchaser FSA Plan

  • Purchaser Plans shall have the meaning set forth in Section 6.6(a)(v).

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Purchaser/ User means ultimate recipient of goods and services

  • Purchaser Group means, at any time, the group of companies comprised of the Purchasers, the Guarantor and the Guarantor’s subsidiaries at that time.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

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

  • Purchaser’s Group means the Purchaser, its subsidiaries and subsidiary undertakings, any holding company of the Purchaser and all other subsidiaries of any such holding company from time to time;

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last, day of a Collection Period, purchased by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6.01 of the Sale Agreement or purchased by the Sellers pursuant to Section 6.01 of the Purchase Agreements.

  • Assumed Servicing Liability means any Liabilities with respect to any Serviced Appointments (or Serviced Corporate Trust Contracts) that arise out of or relate to facts, circumstances, actions, omissions and/or events occurring from and after the Closing and prior to the applicable Succession Time for such Serviced Appointment; provided that Assumed Servicing Liability shall not include any Liabilities that arise out of or relate to facts, circumstances, actions, omissions and/or events with respect to any Retained Duties or any matters for which Seller or any of its Affiliates is responsible pursuant to Section 3.9.

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Market Seller Offer Cap means a maximum offer price applicable to certain Market Sellers under certain conditions, as determined in accordance with Tariff, Attachment DD. section 6 and Tariff, Attachment M-Appendix, section II.E.

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

  • Seller Affiliate means any Affiliate of Seller.