Retirement Benefit Arrangements definition

Retirement Benefit Arrangements means, in any jurisdiction, the benefit schemes or arrangements in respect of Employees or former employees of the Target Companies (other than state or mandatory social security arrangements or collective bargaining arrangements) operated by the Target Companies or in which any Target Company is a participating employer, which provide pension or other benefits on retirement, disability, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits;

Retirement Benefit Arrangements means the arrangements and plans relating to retirement benefits forming part of the Due Diligence Information, those material arrangements and plans being listed in Part 2 of this Schedule.

Retirement Benefit Arrangements has the meaning set forth in Schedule 15.

Examples of Retirement Benefit Arrangements in a sentence

• The Seller will make all reasonable effort to procure that the disentanglement for Retirement Benefit Arrangements will be completed within forty (40) Business Days after the Closing Date (with the Effective Time as calculation date), unless specified otherwise or otherwise agreed between the Seller and the Purchaser.

• The Company and each Group Company has met all of its obligations for present liabilities, whether actual, contingent or latent, conditional or unconditional, in respect of the Retirement Benefit Arrangements and related to (termination of) employment up to the Closing Date (including without prejudice to the generality of the foregoing so called back service liabilities).

• In respect to the Non-U.S. Retirement Benefit Arrangements, SpinCo shall be obliged to establish a successor plan for the benefit of the Non-U.S. Employees to the extent required by applicable Law or set out in Appendix 5 (e) (ii) (“Successor Retirement Benefit Arrangement”) and shall be required to maintain this Successor Retirement Benefit Arrangement during the Continuation Period.

• There are Fairly Disclosed in the Data Room or the Disclosure Letter copies of all material documents governing such Group Retirement Benefit Arrangements as will transfer to the Purchaser or other Relevant Purchasers on Closing (“Transferred Arrangements”) and membership data to establish members’ entitlements to benefits under the Transferred Arrangements including current details of the rates at which contributions are made in respect of the Relevant Employees.

• All contributions, payments, premiums, distributions or reimbursements due to the Group Retirement Benefit Arrangements from any member of the Group in respect of Relevant Employees have been paid in full and on time in all material respects and there are no other costs or contributions paid or payable by any member of the Group in respect of the Group Retirement Benefit Arrangements and Mandatory Arrangements.

More Definitions of Retirement Benefit Arrangements

Retirement Benefit Arrangements means, in any jurisdiction, the benefit schemes or arrangements in respect of Employees (other than statutory or mandatory minimum benefits, mandatory social security arrangements or mandatory collective bargaining arrangements) operated by any Acquired Company or in which any Acquired Company participates, which provide pension or other benefits on retirement, disability, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits.

Retirement Benefit Arrangements means the retirement benefit arrangements listed in Schedule 14.

Retirement Benefit Arrangements means, in any jurisdiction, the Company Benefits Plan operated by the Target Companies or ING Bank Personeel B.V. or in which the Target Companies or ING Bank Personeel B.V. participate or could be reasonably expected to have any Liability or in which Company Employees participate, which provide any pension or other benefits on retirement, ill-health or injury, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits;

Retirement Benefit Arrangements has the meaning given in paragraph 8.8.1 of Schedule 7;

Retirement Benefit Arrangements means, in any jurisdiction, the Company Benefits Plans operated by the Target Companies or in which the Target Companies participate or could be reasonably expected to have any Liability or in which Company Employees participate, which provide any pension or other benefits on retirement, ill- health or injury, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits;

Retirement Benefit Arrangements has the meaning set out in Paragraph 1.4 of Schedule 4;

Retirement Benefit Arrangements means the arrangements and plans relating to retirement benefits. Those material arrangements and plans concerning the Netherlands are listed in Part 2 of this Schedule.