Seller Retirement Plan definition

Seller Retirement Plan means each scheme, plan, fund or arrangement of Seller, which provides Retirement Benefits to or, in respect of Automatic Transfer Employees (not including any mandatory state or social security plan or Industry-Wide Plan in which any member of Seller participates for the benefit or, in respect of Automatic Transfer Employees).

Seller Retirement Plan has the meaning set forth in Section 6.11(e).

Seller Retirement Plan as defined in Section 10.5(d).

Examples of Seller Retirement Plan in a sentence

• Seller shall fully vest (to the extent not already fully vested) as of the Closing each Acquired Company Employee in his or her accrued benefits under each Seller Retirement Plan.

• Affected Employees who are participants in the Seller Retirement Plan shall be entitled to the payment of benefits under the Seller Retirement Plan solely in accordance with its terms.

• In connection with such a termination, any amendment to the Seller Retirement Plan requested by the IRS prior to the Effective Time shall be adopted by Seller, and any amendments requested by the IRS after the Effective Time shall be promptly adopted by Franklin.

• Upon a termination of the Seller Retirement Plan, the participants in the plan will be entitled to receive their benefits in accordance with the terms of the Seller Retirement Plan or to transfer their benefits to another tax-qualified plan or an individual retirement account.

• Such imputed vesting service credit shall otherwise be subject to the terms of the applicable Seller Retirement Plan.

More Definitions of Seller Retirement Plan

Seller Retirement Plan means each of the L3Harris Technologies, Inc. Retirement Savings Plan (RSP) and the L3Harris Technologies, Inc. Excess Retirement Savings Plan (ERSP), each as amended from time to time.

Seller Retirement Plan has the meaning set out in Paragraph 1.1 of Schedule 5;

Seller Retirement Plan has the meaning set forth in Section 4.3(e).

Seller Retirement Plan means a Seller Benefit Plan that is both a defined contribution retirement plan and intended to satisfy the requirements of section 401(a) of the Code.

Seller Retirement Plan has the meaning set forth in ss.6(d)(iii).

Seller Retirement Plan shall have the meaning assigned to such term in Section 9(c). 2.40 "Settlement Date" shall mean the date referred to in Section 3.4(g).

Seller Retirement Plan means the 401(k) Retirement Plan in effect at the Sellers.