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 set forth in Section 7.3(a).

Examples of Purchaser Plan in a sentence

• No Purchaser Plan provides any non-pension post-retirement or post-employment benefits.

• All contributions or premiums required to be made by Purchaser or any of its subsidiaries, as the case may be, under the Terms of each Purchaser Plan or by applicable Laws have been made in a timely fashion in accordance with applicable Laws and the terms of the Purchaser Plans except as would not reasonably be expected to have a Material Adverse Effect on Purchaser.

• The Purchaser has made available to the Seller a complete and accurate copy of each Purchaser Plan, including (if applicable) (A) each trust or other funding arrangement related to such Purchaser Plan, and (B) the most recently prepared actuarial report and financial statement for such Purchaser Plan.

• The Purchaser Plans shall not, with respect to any Transferred Employee or any employee of the Transferred Subs, limit or otherwise restrict participation thereunder for reason of any pre-existing condition limitation or waiting period in any such Purchaser Plan.

• Each Continuing Company Employee who participates in a Purchaser Plan that provides health care benefits (whether or not through insurance) following the Closing shall participate in such Purchaser Plan without regard to any waiting period or any condition or exclusion based on pre-existing conditions, medical history, claims experience, evidence of insurability, or genetic factors (to the extent such limitations do not apply to any Continuing Company Employee immediately prior to Closing).

More Definitions of Purchaser Plan

Purchaser Plan is defined in Section 3.10 hereof.

Purchaser Plan means an employee benefit plan, program or arrangement maintained by Purchaser or its Affiliates in which an Assumed Employee is or becomes eligible to participate following the Closing.

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

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.

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

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.