Seller Actuary definition

Seller Actuary has the meaning given in Paragraph 5(d) of Part B of Schedule 12 (Employment Terms and Employee Benefits);
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Seller Actuary shall have the meaning specified in Section 12.04(b).
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Seller Actuary has the meaning given in Section 7.8(c).
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Examples of Seller Actuary in a sentence

  • The fees and expenses of the Seller Actuary will be borne by Seller.

  • Seller shall provide the Seller Actuary with all information the Seller Actuary reasonably requires in order to determine the German Benefit Liability.

  • All expenses of Seller and the Seller Actuary in calculating the German Benefit Liability and in preparing the German Benefit Liability Report shall be borne by Seller.

  • The Buyer Actuary shall have access to the documentation and financial and accounting records of Seller and the Seller Actuary relating to the German Benefit Liability and have the reasonable cooperation of Seller and Seller Actuary as necessary to enable a proper review of the German Benefit Liability Report to be conducted.

  • The German Benefit Liability and the actuarial assumptions together with such information and other components used to calculate such amount as of the Closing shall be set forth by the Seller Actuary in a report (the “German Benefit Liability Report”).

  • To the extent that a dispute is unresolved after a thirty (30)-day period following identification of such dispute, such dispute shall be resolved by an independent actuarial firm selected jointly by the Purchaser’s actuary and the Seller Actuary.

  • The Seller Actuary shall promptly (and in any event within 15 days following the date of a request) deliver to the Purchaser Actuary such additional supporting documents and information as the Purchaser Actuary may reasonably request.

  • Buyer will be responsible for the cost and expense of the Buyer Actuary and Parent will be responsible for the cost and expense for the Seller Actuary for such data transfer.

  • If the difference cannot be reconciled and exceeds five percent (5%), the Seller Actuary and the Purchaser Actuary shall jointly designate a third independent actuary whose verification shall be final and binding, but not greater than the calculation of the Purchaser Actuary or less than the calculation of the Seller Actuary.

  • In order to perform such verification, upon request from Buyer, the Buyer Actuary will receive the data and additional detailed methodology used to calculate the Initial Transfer Amount and the Revised Retirement Plan Transfer Amount (if reasonably needed) from the Seller Actuary.


More Definitions of Seller Actuary

Seller Actuary has the meaning set forth in Section 5.6(g)(iv).
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Seller Actuary shall have the meaning set forth in Section 5.4(h)(ii)(C).
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Seller Actuary shall have the meaning set forth in Section 7.1(g)(ii) (Employee Matters).
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Related to Seller Actuary

  • Seller’s Accountants means T▇▇▇▇▇, S▇▇▇▇ & Company, LLP.

  • Seller Ancillary Agreements means all Contracts, instruments and documents being or to be executed and delivered by Seller under this Agreement or in connection herewith.

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

  • Seller Ancillary Documents means each agreement, document, instrument or certificate to be delivered by Seller, or its Affiliates, at the Closing pursuant to Section 3.2 and each other document or Contract entered into by Seller, or its Affiliates, in connection with this Agreement or the Closing.

  • Purchaser's Accountants means Deloitte & Touche LLP, independent accountants of the Purchaser.