Purchaser Plan definition

Purchaser Plan shall have the meaning set forth in Section 6.2(a).

Purchaser Plan is defined in Section 5.7(b).

Purchaser Plan has the meaning ascribed to it in Section 6.7(a).

Examples of Purchaser Plan in a sentence

• If applicable, the Purchaser shall recognize the service date of each Hired Employee under each Purchaser Plan, to the same extent as that service credit would be given under the analogous Employee Benefit Plan, for purposes of eligibility to participate, vesting, vacation entitlement and severance benefits, but not for purposes of benefit accrual under any Purchaser Plan, including, for purposes of clarification, prior accrued vacation benefits.

• The Purchaser has Previously Disclosed a true and complete list of each material Purchaser Plan.

• There is no formal plan or commitment, whether legally binding or not, to create any additional plan or modify or change any existing material Purchaser Plan that would affect any employee or director or former employee or former director of Purchaser or any Purchaser Subsidiary.

• Full payment has been made, or will be made in accordance with Section 404(a)(6) of the Code, of all amounts that Purchaser or any Purchaser ERISA Affiliate is required to pay under Section 412 of the Code or under the terms of the Purchaser Plans, and no accumulated funding deficiency (within the meaning of Section 412 of the Code), whether or not waived, exists with respect to any Purchaser Plan.

• Except as previously disclosed, the fair market value (as of the valuation date used for purposes of the most recent actuarial report) of the assets held under each Purchaser Plan that is subject to Title IV of ERISA is at least equal to the present value of accrued benefits under such Purchaser Plan under Section 4042(b) of ERISA without the need to make any additional contributions to such Purchaser Plan.

More Definitions of Purchaser Plan

Purchaser Plan means all Benefit Plans: (i) contributed, sponsored by, or maintained by the Purchaser or its Subsidiaries; (ii) under which any employee, former employee, director, officer, independent contractor, or consultant of Purchaser or its Subsidiaries has any present or future right to benefits; or (iii) under which Purchaser or its Subsidiaries has any present or future liability.

Purchaser Plan is defined in Section 3.10 hereof.

Purchaser Plan means any material employee benefit plan as defined in Section 3(3) of ERISA sponsored by Purchaser, for the benefit of any employee of Purchaser.

Purchaser Plan has the meaning set forth in Section 11.8(b) of this Agreement.

Purchaser Plan shall have the meaning set forth in Section 5.7(c).

Purchaser Plan means each bonus, incentive compensation, severance pay, medical or other insurance program, retirement plan, or other employee benefit plan program, agreement or arrangement sponsored, maintained or contributed to by Purchaser or any trade or business, whether or not incorporated, that together with Purchaser or any of the Purchaser Subsidiaries would be deemed a "single employer" under Section 414 of the Code (an "ERISA Affiliate") or under which Purchaser or any ERISA Affiliate has any liability or obligation. No liability under Title IV of ERISA has been incurred by Purchaser or any ERISA Affiliate that has not been satisfied in full, and no condition exists that presents a material risk to Purchaser or any ERISA

Purchaser Plan means any benefit and compensation plan, policy, program or arrangement maintained, sponsored or contributed to by the Purchaser or its Affiliates covering current or former employees of the Purchaser and its Affiliates and current or former directors of the Purchaser and its Affiliates, including “employee benefit plans” within the meaning of Section 3(3) of ERISA, and any incentive and bonus, deferred compensation, equity purchase, employment, retirement, retention, change in control, profit sharing, severance, restricted equity, equity option, equity appreciation rights or equity-based plans, excluding any statutory plans.