Purchaser Qualified Plans definition

Purchaser Qualified Plans shall have the meaning set forth in Section 7.5(b)(ii) hereof.
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Purchaser Qualified Plans has the meaning set forth in Section 3.3(q)(iv) hereto.
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Purchaser Qualified Plans shall have the meaning given such term in Section 6.6.5.
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Examples of Purchaser Qualified Plans in a sentence

  • If a current determination letter has not been obtained, Purchaser and its counsel shall provide a representation that the Purchaser Qualified Plans are qualified under Section 401(a) of the Code and that a timely application for a determination letter is pending and that Purchaser will take all necessary steps to secure a determination letter.

  • Purchaser shall assume all liabilities with respect to Employees (US) under Purchaser Qualified Plans for benefits accrued after the Closing Date.

  • TrustCommitmentCustomer LoyaltyCommunicationConflict managementFigure 1.

  • Purchaser shall ensure that the Purchaser Qualified Plans will recognize the accrued service of Affected Employees, as set forth on Schedules 6.17(g)(i) and 6.17(g)(ii), with Pfizer and its Affiliates up to and including the Closing Date for all purposes, to the extent credited under the terms of the corresponding Pfizer Qualified Plan as in effect on the Closing Date; provided, however, that no such crediting of service shall result in a duplication of benefits.

  • As of the date hereof, the value of the assets in each of the Purchaser Qualified Plans which is a defined benefit plan exceeds the present value of accrued benefits of all participants in such Plan when such benefits are valued on a termination basis using Pension Benefit Guaranty Corporation interest and other assumptions.

  • Purchaser shall ensure that the Purchaser Qualified Plans will recognize the accrued service of Affected Employees with Pfizer and its Affiliates prior to the Closing Date for all purposes, to the extent credited under the terms of the corresponding Pfizer Qualified Plan as in effect on the Closing Date.

  • Such evidence shall include a current determination letter from the IRS and representations satisfactory to Pfizer from the administrators of the Purchaser Qualified Plans.

  • Purchaser shall ensure that the Purchaser Qualified Plans will recognize the accrued service of each Affected Employee to the extent he or she becomes an employee of Purchaser with Pfizer and its Affiliates up to and including the Closing Date for purposes of vesting and eligibility only, to the extent credited under the terms of the corresponding Pfizer Qualified Plan as in effect on the Closing Date.

  • Purchaser shall ensure that the Purchaser Qualified Plans ------------ will recognize the accrued service of Affected Employees with Pfizer and its Affiliates up to and including the Closing Date for all purposes, to the extent credited under the terms of the corresponding Pfizer Qualified Plan as in effect on the Closing Date.

  • Pfizer and Purchaser shall each bear their own individual costs regarding the transfer of assets as contemplated under this Section 7.5. Pfizer will give Purchaser reasonable access to records of Pfizer necessary to administer the retirement benefits of Affected Employees transferred to the Purchaser Qualified Plans.


More Definitions of Purchaser Qualified Plans

Purchaser Qualified Plans means employee benefit plans maintained by Purchaser that are intended to be qualified under Section 401(a) of the Code. Back to Contents
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Purchaser Qualified Plans shall have the meaning set forth in Section --------------------------- 7.5(b)(ii). "Purchaser Tax Act" shall have the meaning set forth in Section 7.4(g)(i). ------------------ "Real Property" shall have the meaning set forth in Section 5.14(a). -------------- "Real Property Leases" shall have the meaning set forth in Section 2.2(a). --------------------- "Release" means any spilling, leaking, pumping, pouring, emitting, ------- emptying, injecting, depositing, disposing, discharging, dispersal, escaping, -- dumping or leaching into the environment, including surface water, soil or groundwater (including the abandonment or discarding of barrels, containers, and other receptacles containing Hazardous Substances) or as otherwise defined under Environmental Laws. "Remedial Action" shall mean action required under Environmental Law to ---------------- clean up soil, surface water, groundwater or air in both the indoor or outdoor environment in response to a Release of Hazardous Substances including associated action taken to investigate, monitor, assess and evaluate the extent and severity of any such Release; negotiations with Governmental Authorities and other third parties related to the above action taken to remediate any such Release; post-remediation monitoring of any such Release; negotiations with Governmental Authorities and other third parties relating to the above, and preparation of all reports, studies, analyses or other documents relating to the above. "Remedial Action" also shall refer to any judicial, administrative or other proceeding relating to any of the above, including the negotiation and execution of judicial or administrative consent decrees; responding to information requests and notices of violation by any Governmental Authority; or defending claims brought by any Governmental Authority or any other Person, whether such claims are equitable or legal in nature, relating to the cleanup of the indoor or outdoor environment, including air, soil, surface water, groundwater, and sediments in response to a Release of Hazardous Substances and associated actions. "Remedial Action" shall not include (a) the capital, operation and maintenance costs incurred by Purchaser to continue to operate the facilities, fixtures and Equipment which as of the Closing Date are being operated by any Asset Selling Corporation or Conveyed Company in compliance with Environmental Laws; or (b) the closure and post-closure expenditures related to such facilities, ...
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Related to Purchaser Qualified Plans

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

  • 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).

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

  • ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.

  • Qualified Person means one who, by possession of a recognized degree, certificate, or professional standing, or who by extensive knowledge, training and experience, has successfully demonstrated his ability to solve or resolve problems relating to the subject matter, the work, or the project.

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

  • New Qualifying Jobs means the total number of jobs to be created by the Applicant after the Application Approval Date in connection with the project that is the subject of its Application that meet the criteria of Qualifying Job as defined in Section 313.021(3) of the TEXAS TAX CODE and the Comptroller’s Rules.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Legally Qualified Physician means a physician or a Christian Science Practitioner (a) other than an Insured, a Traveling Companion or a Family Member: (b) practicing within the scope of his or her license: and (c) recognized as a physician in the place where the services are rendered.

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

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

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

  • Data qualifier means a specified character (or string of characters) that immediately precedes a data field that defines the general category or intended use of the data that follows.

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

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Qualified patient means a competent adult who is a resident of this State and who has satisfied the requirements of this Act in order to obtain a prescription for medication that the qualified patient may self-administer to end the qualified patient's life in a humane and dignified manner.[PL 2019, c. 271, §4 (NEW).]

  • Company Fundamental Representations means the representations and warranties set forth in Section 3.1 (Organization; Authority; Enforceability), Section 3.2(a) (Non-contravention), Section 3.3 (Capitalization), Section 3.13 (Brokerage) and Section 3.20 (Affiliate Transactions).

  • Disqualified Partnership Any domestic entity classified as a partnership under the Code if any of its direct or indirect beneficial owners (other than through a U.S. corporation) are (or, under the applicable partnership agreement, are permitted to be) Disqualified Non-United States Tax Persons.

  • Buyer SEC Documents shall have the meaning set forth in Section 4.10(a).

  • Independent Qualified Party means an investment banking firm, accounting firm or appraisal firm of national standing; provided, however, that such firm is not an Affiliate of the Company.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • 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.

  • prescribed amount means $10 000 or such other amount as may be prescribed.