We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Seller 401(k) Plan definition

Seller 401(k) Plan has the meaning set forth in Section 5.5(e).
Seller 401(k) Plan has the meaning set forth in Section 8.7(h).
Seller 401(k) Plan means the Seller Benefit Plan that is a tax-qualified defined contribution plan under Section 401(a) of the Code and contains a Section 401(k) feature.

Examples of Seller 401(k) Plan in a sentence

  • This Section 4.4 prohibits, without limitation, the issuance or sale by Seller of any Seller Stock to the Seller 401(k) Plan.

  • Prior to taking any such action, Seller and Seller Sub shall provide Buyer with a copy of such resolutions or consent in connection with such Seller 401(k) Plan termination, and shall consider any comments provided by Buyer in good faith.

  • Effective as of the Closing Date, Seller shall take all actions necessary to fully vest each Transferred Employee in the United States who is a participant in a Seller Plan that is a defined contribution Section 401(a) plan (the “Seller 401(k) Plan”), in their entire balance in the Seller 401(k) Plan.

  • The parties shall take all actions necessary to permit the direct rollover in cash (and outstanding loan promissory notes for participant loans, if applicable) of account balances of Transferred Employees from the Seller 401(k) Plan to the Purchaser 401(k) Plan, by each Transferred Employee who elects such direct rollover in accordance with the terms of the Seller 401(k) Plan and the Code.

  • Notwithstanding the foregoing, Seller and Purchaser may mutually agree following the date hereof, but prior to the Closing Date, to provide for a trust to trust transfer of the account balances of Transferred Employees under the Seller 401(k) Plan to the Purchaser’s 401(k) Plan.


More Definitions of Seller 401(k) Plan

Seller 401(k) Plan means the Xxxxxxx Retirement and Savings Plan.
Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).
Seller 401(k) Plan has the meaning given to such term in Section 6.01(g).
Seller 401(k) Plan shall have the meaning set forth in Section 4.03(e).
Seller 401(k) Plan as defined in Section 7.5(p)(i).
Seller 401(k) Plan shall have the meaning given in Section 10.4(c)(iv).
Seller 401(k) Plan means the Gaiam, Inc. 401(k) Plan.