Seller DC Plans definition

Seller DC Plans has the meaning set forth in Section 7.12.
Sample 1
Seller DC Plans shall have the meaning set forth in the Section 7.4(c).
Sample 1
Seller DC Plans has the meaning given such term in Section 9.3(f).
Sample 1

Examples of Seller DC Plans in a sentence

  • Seller shall cause the Seller DC Plans, and Buyer shall cause the Buyer DC Plans, to implement rollovers between their respective plans, including applicable loans, as soon as practicable following its adoption or designation.

  • As of the Effective Time, Seller shall cause each U.S. Transferred Employee to be fully vested in his or her accounts, if any, under the Seller DC Plans.

  • At the times of the transfers of the DC Transfer Amounts, Purchaser and the Purchaser DC Plans (non-U.S.) shall assume all Liabilities with respect to the DC Transfer Amounts relating to Transferred Employees (non-U.S.) that were transferred from the applicable Seller DC Plan (non-U.S.), and Seller Parent and its Affiliates and the Seller DC Plans (non-U.S.) shall be relieved of all such Liabilities under such Seller DC Plan (non-U.S.) with respect to such Transferred Employees (non-U.S.).

  • The DC Transfer Amounts to be transferred, if any, from the respective Seller DC Plans (non-U.S.) shall be equitably adjusted to take into account benefit payments made from the respective Seller DC Plans (non-U.S.) to the DC Employees (non-U.S.) after the Closing but prior to the date of transfer and for any earnings and losses on such amount during such period.

  • The applicable Purchaser DC Plans (non-U.S.) shall be tax-qualified in the same manner as the corresponding Seller DC Plans (non-U.S.), and, prior to the Closing, Purchaser shall provide Seller Parent any determination letters or similar documentation evidencing such qualification.

  • The applicable Purchaser DC Plans (U.S.) shall be tax-qualified in the same manner as the corresponding Seller DC Plans (U.S.), and, prior to the Closing, Purchaser shall provide Seller Parent any determination letters or similar documentation evidencing such qualification.

  • From and after the date of the transfer of the DC Transfer Amounts, Purchaser agrees to indemnify and hold harmless Seller Parent and its Affiliates and their respective officers, directors, employees and agents from and against any and all costs, damages, losses, expenses, or other Liabilities arising out of or related to the DC Transfer Amounts for Transferred Employees (non-U.S.) under the applicable Seller DC Plans (non-U.S.).

  • Seller shall cause the Seller DC Plans to fully vest the account balances of all Transferred Employees in the Seller DC Plans and continue loan repayments during the human resources portion of the Transition Services Agreement.

  • The Purchaser shall cooperate, or cause one of its Affiliates to cooperate, with the Seller in providing information to the Transferred Employees regarding rollovers of their interests from the applicable Seller DC Plans to a Purchaser DC Plan.

  • The Purchaser shall take, or shall cause one of its Affiliates to take, all such action as may be necessary or appropriate (including amending the Purchaser DC Plans, if necessary) to permit any Transferred Employees who have timely made an election to roll over their interest in cash together with any loans in the applicable Seller DC Plans to a Purchaser DC Plan.


More Definitions of Seller DC Plans

Seller DC Plans has the meaning ascribed to it in Section 5.01(h).
Sample 1
Seller DC Plans means those Benefit Plans of Seller or any of its Affiliates (other than the Transferred Subsidiaries) that are "employee pension benefit plans," within the meaning of Section 3(2) of ERISA, whether or not subject to ERISA, and that provide for an individual account for each participant and for benefits based solely on the amounts contributed to such account and any income, expenses, gains, losses or forfeitures allocated thereto (other than the U.S. 401(k) Plan).
Sample 1
Seller DC Plans is defined in Section 7.1(g).
Sample 1

Related to Seller DC Plans

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • 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).

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

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

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

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • 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.

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

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

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

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

  • Company Plans shall have the meaning set forth in Section 3.14(a).

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

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

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

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • 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.