Seller Retirement Plans definition

Seller Retirement Plans means Seller's DB Plan and Seller's DC Plan, as defined on Schedule 7.2.F.
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Seller Retirement Plans shall have the meaning set forth in Section 4.9(d).
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Seller Retirement Plans shall have the meaning set forth in SECTION 4.5(c). "Seller Welfare Benefit Plans" shall have the meaning set forth in SECTION 4.5(d).
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Examples of Seller Retirement Plans in a sentence

  • The Sellers shall take, or cause to be taken, all actions necessary to permit the rollover in cash (or outstanding loan promissory notes for participant loans) of account balances (including outstanding loans) of New Buyer Employees from the Seller Retirement Plans to the Buyer 401(k) Plan, at the participants’ election.

  • As soon as administratively practicable after the Closing Date, (i) the Seller shall cause the account balances of the Companies’ employees to be distributable and (ii) the Buyer shall cause each of Companies’ employees who were participants in the Seller Retirement Plans and who have an account balance under such Seller Retirement Plans to be permitted to elect a “direct rollover” of the account balance (including promissory notes evidencing outstanding plan loans) from the Seller Retirement Plans.

  • Seller will remain solely responsible for, and none of Buyer or its Affiliates will have any Liability under, relating to or arising out of the Seller Retirement Plans.

  • The Sellers shall take, or cause to be taken, all actions necessary or appropriate to (i) ensure that, under the terms of the Seller Retirement Plans, each New Buyer Employee is eligible to receive a distribution from the Seller Retirement Plans as a result of the Closing, consistent with Section 401(a) of the Code, and (ii) remove the Acquired Companies as participating employers in the Seller Retirement Plans effective immediately prior to the Closing.


More Definitions of Seller Retirement Plans

Seller Retirement Plans shall have the meaning specified in Section 5.11(b) of this Agreement.
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Seller Retirement Plans shall have the meaning set forth in Section 9.2(a).
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Related to Seller Retirement Plans

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Continuing care retirement community means a residential

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Disability retirement for plan 1 members, means the period

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Earliest Retirement Age means the earliest date on which, under the Plan, the Participant could elect to receive retirement benefits.

  • Normal Retirement means retirement from active employment with the Company or any Subsidiary on or after age 65.

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty-Six Thousand Three Hundred and Seventy-Three Dollars ($66,373.00) for a period of fifteen (15) years.

  • Special Retirement means an Optionee’s termination of employment or service with the Employers and Affiliates on or after the later of (i) the Optionee’s attainment of age 62 and (ii) the Optionee’s Early Retirement Date or Normal Retirement Date, as such terms are defined in the Telephone and Data Systems, Inc. Pension Plan.

  • Normal Retirement Age means the Executive's 65th birthday.

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

  • Old Plans has the meaning set forth in Section 6.8(b).

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

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

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