Examples of Seller Savings Plan in a sentence
Purchaser agrees to cause the Purchaser Savings Plan to accept rollovers by Transferred Employees from the Seller Savings Plan, including promissory notes evidencing all outstanding loans.
Effective as of the Closing Date, each Transferred Employee shall become fully vested in his or her account balance in the Seller Savings Plan.
Purchaser agrees to use reasonable best efforts to cause the Purchaser Savings Plan to accept rollovers by Transferred Employees from the Seller Savings Plan, including promissory notes evidencing all outstanding loans.
Buyer and Seller shall take such actions as may be required to effect the assignment of such loans by the trustee of the Seller Savings Plan to the trustee or funding agent of the Buyer Savings Plan, and Buyer shall cause the trustee or funding agent of the Buyer Savings Plan to accept the assignment of such loans.
Notwithstanding anything in this Agreement to the contrary, each Continuing Employee who is eligible to participate in a Seller Savings Plan will first become eligible to participate in the ESC Savings Plan immediately after the Closing Date.