Examples of Purchaser Pension Plans in a sentence
Notwithstanding any other provision of this Agreement, the Seller Pension Plans shall continue to make all Benefit Payments to Other Plan Participants until both the Initial Transfer Amount and True-Up Amount have been transferred to the Purchaser Pension Plans.
Notwithstanding the foregoing, neither Purchaser nor the Purchaser Pension Plans shall assume such liabilities if Dynegy, Seller and the Seller Pension Plans do not comply in all material respects with the provisions of Section 6.2(a)(i) and (iv).
On the date each Transferred Employee becomes an employee of Purchaser, the Transferred Employee will commence participation in the employee pension benefit plans (within the meaning of section 3(2) of ERISA) maintained by Purchaser for its similarly situated employees in the United States (collectively the "Purchaser Pension Plans") upon the satisfaction of any eligibility requirements (other than waiting periods which shall be waived) as set forth in such Purchaser Pension Plans.
Except as otherwise required by law and as provided in Section 3.2.5, the holders of Series A Preferred shall be entitled to notice of any stockholders' meeting and to vote with the Common Stock and any other series of Preferred Stock having the right to vote generally as a single class upon any matter submitted to the stockholders for a vote.
Purchaser shall not amend the Purchaser Pension Plans, or permit the Purchaser Pension Plans to be amended, to eliminate any benefit accrued as of the Closing, whether or not vested, with respect to which liabilities are transferred pursuant to the foregoing provisions of this subsection (A), including any such benefit that is a "Section 411(d)(6) protected benefit" (as defined by Section 411(d)(6) of the Code and the regulations thereunder), except to the extent permitted by applicable Law.
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Purchaser shall not amend the Purchaser Pension Plans, or permit the Purchaser Pension Plans to be amended, to eliminate any benefit accrued as of the Closing, whether or not vested, with respect to which liabilities are transferred pursuant to the foregoing provisions of this subsection (A), including any such benefit that is a “Section 411(d)(6) protected benefit” (as defined by Section 411(d)(6) of the Code and regulations thereunder), except to the extent permitted by applicable Law.
The Accrued Benefit from the Purchaser Pension Plans, payable at Normal Retirement Date will be determined by calculating an “All Service” benefit, and subtracting the Accrued Benefit earned under the Seller Pension Plan as of the Closing Date payable at Normal Retirement Date (including all prior plan offsets).