Seller Savings Plans definition

Seller Savings Plans has the meaning set forth in Section 8.7(d).
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Seller Savings Plans has the meaning set forth in Section 4.15(d).
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Seller Savings Plans has the meaning set forth in Section 6.2(b)(1).
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Examples of Seller Savings Plans in a sentence

  • Such matching contributions shall be made not later than the date on which all other matching contributions are made to the Seller Savings Plans with respect to contributions made at the same time as the Transferred Employees' contributions.

  • Seller shall cause all Acquired Employees to be 100% vested in their benefits under such Seller Savings Plans effective as of the Closing Date.

  • Except as provided in subsection (c) below, Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.

  • Except as provided in Section 6.2(b)(v), Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.

  • On or following the Closing Date, a tax-qualified savings plan established or maintained by Buyer or one of its affiliates, including the Company, (the “Post-Closing DC Plan”) shall (if elected by Covered Employees) accept individual rollovers in cash of Covered Employees’ distributions from the Seller Savings Plans, subject to the terms and conditions of the Post-Closing DC Plan and applicable Law.

  • From and after the date of such transfer, Buyer shall cause the Buyer Savings Plan to assume the obligations of the Seller Savings Plans with respect to benefits accrued by the Company Participants under the Seller Savings Plans, and the Seller Savings Plans shall cease to be responsible therefor.

  • Further, Buyer and Seller shall cooperate and take such actions as are necessary to permit the continuation of loan repayments by Continuing Employees to the Seller Savings Plans by payroll deductions during the period beginning on the Closing Date and ending on the date of the transfer described in this paragraph.

  • As soon as practicable after the Closing Date, Seller shall cause GTE Service Corporation to deliver to Buyer a list of the Transferred Employees covered by the Seller Savings Plans, together with each Transferred Employee's service under each of the Seller Savings Plans as of the Closing Date.

  • Such matching contributions shall be made not later than the date on which all other matching contributions are made to the Seller Savings Plans with respect to contributions made at the same time as the Transferred Employees’ contributions.

  • The Articles of Incorporation have been executed on behalf of the Fund by the Directors of the Fund in their capacity as Directors of the Fund and not individually.


More Definitions of Seller Savings Plans

Seller Savings Plans are defined in Section 11.2.2(a).
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Seller Savings Plans has the meaning set forth in Section 6.2(b)(i).
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Seller Savings Plans has the meaning set forth in Section 10.1(m)(i).
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Seller Savings Plans means the Orion Power Holdings, Inc. Savings Plan and the Reliant Energy, Inc. Savings Plan.
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Seller Savings Plans is defined in Section 7.2.2(a).
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Related to Seller Savings Plans

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

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

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

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

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

  • 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;

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

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

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

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

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Old Plans shall have the meaning set forth in Section 5.11(b).

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

  • Parent Plans has the meaning set forth in Section 6.4(c).

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

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

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

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

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Hired Employees shall have the meaning set forth in Section 7.5(a).

  • Servicer Employees As defined in Section 2.12.

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