Purchaser Savings Plans definition

Purchaser Savings Plans has the meaning set forth in Section 8.7(d).
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Purchaser Savings Plans has the meaning set forth in Section 10.1(m)(ii).
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Purchaser Savings Plans shall have the meaning set out in Section 7.6(m)
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Examples of Purchaser Savings Plans in a sentence

  • As soon as practicable after the 30-day periods from the dates of filing of the IRS Forms 5310-A have been completed, or if such filings are unnecessary, as soon as practicable, but in no event more than 180 days after Closing, Seller shall cause the Seller Savings Plans to transfer the account balances of all Affected Employees to the Purchaser Savings Plans.

  • The Purchaser shall permit Transferred Employees to participate in such Purchaser Savings Plans as soon as administratively practicable following the Closing Date.

  • Prior to any transfer of assets from the Seller Savings Plans to the Purchaser Savings Plans, Seller shall provide Purchaser with satisfactory evidence that the Seller Savings Plans are in compliance with all relevant Tax and Labor Laws; such evidence shall include, but not be limited to a current determination letter from the IRS and satisfactory representations from the administrators of the Seller Savings Plans concerning tax qualification of those Plans under Code Section 401(a).

  • If a current determination letter has not been obtained, Purchaser shall provide an opinion of legal counsel that the Purchaser Savings Plans are reasonably believed to be qualified under Section 401(a) of the Code, together with a copy of the latest IRS determination letter (if such a letter was ever received), and a representation that a timely application for a determination letter will be filed or is pending and that Purchaser will take all reasonable steps necessary to secure a determination letter.

  • The Articles of Incorporation have been executed on behalf of the Fund by the Directors of the Fund in their capacity as Directors of the Fund and not individually.

  • The assets of the account balances to be transferred shall consist of cash, including the proceeds of any necessary liquidation of shares held in the Xxxxxx Stock Fund under Seller Savings Plans, notes reflecting loans from Seller Savings Plans to the Affected Employees held in those accounts, and such other assets as the trustee(s) of Purchaser Savings Plans shall agree to accept.

  • Purchaser shall permit Transferred Employees to participate in such Purchaser Savings Plans upon the applicable Transfer Date.

  • Retirement Savings Plan for Bargaining Unit Employees (together, the "Purchaser Savings Plans").

  • The assets of the account balances to be transferred shall consist of cash, including the proceeds of any necessary liquidation of shares held in the Harrxx Xxxck Fund under Seller Savings Plans, notes reflecting loans from Seller Savings Plans to the Affected Employees held in those accounts, and such other assets as the trustee(s) of Purchaser Savings Plans shall agree to accept.

  • Purchaser shall amend the Purchaser Savings Plans as needed to preserve any benefit rights from the Seller Savings Plans that must be protected in accordance with Code Section 411(d)(6) with respect to each Affected Employee’ transferred account, and to vest the transferred accounts to the same respective extent they were vested under the Sellers Savings Plans.

Related to Purchaser Savings Plans

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

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

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

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

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

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

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Old Plans shall have the meaning set forth in Section 5.11(b).

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Company Share Plans means, collectively, (i) the 2018 Share Incentive Plan of the Company, which replaced the Company’s 2010 Share Incentive Plan in its entirety, and (ii) the Post-IPO Share Incentive Plan of the Company.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Company Stock Plans has the meaning set forth in Section 3.02(b).

  • 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.

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

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • 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.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

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

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Servicer Employees As defined in Section 2.12.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).