Spinco Savings Plans definition

Spinco Savings Plans shall have the meaning set forth in Section 5.03(a).
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Spinco Savings Plans has the meaning set forth in Section 3.02(a).
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Spinco Savings Plans has the meaning ascribed to it in Section 7.1(a).
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Examples of Spinco Savings Plans in a sentence

  • FairPoint shall be solely responsible for all ongoing rights of or relating to Spinco Employees for future participation (including the right to make contributions through payroll deductions) in the Spinco Savings Plans.

  • FairPoint shall be responsible for taking or causing to be taken all necessary, reasonable, and appropriate action to establish, maintain, and administer the Spinco Savings Plans so that each qualifies under Section 401(a) of the Code and the related trusts thereunder are exempted from Federal income taxation under Section 501(a)(1) of the Code.

  • FairPoint shall have adopted, or shall have assumed, the following Spinco Mirror Plans: the Spinco Welfare Plans, the Spinco Savings Plans, the Spinco Union Pension Plan, the Spinco Management Pension Plan and the Spinco Excess Pension Plan.

  • Verizon or Spinco shall provide FairPoint with a copy of the Spinco Savings Plans prior to their adoption in order to provide FairPoint an opportunity to comment on their form.

  • Two of the Spinco Savings Plans (the “Spinco Union Savings Plans”) shall be identical in all material respects to the Verizon Union Savings Plans, such that each Verizon Union Savings Plan shall have one and only one corresponding Spinco Union Savings Plan.

  • Frontier shall be solely responsible for all ongoing rights of or relating to Spinco Employees for future participation (including, but not limited to, the right to make contributions through payroll deductions) in the Spinco Savings Plans.

  • Verizon shall provide Frontier with a copy of the Spinco Savings Plans prior to their adoption in order to provide Frontier an opportunity to comment on their form.

  • As of and from the Distribution Date and until the consummation of the Merger, Spinco and, as of and from the Effective Time, Frontier shall be responsible for taking or causing to be taken all necessary, reasonable and appropriate action to establish, maintain and administer the Spinco Savings Plans so that they qualify under Section 401(a) of the Code and the related trusts thereunder are exempted from Federal income taxation under Section 501(a)(1) of the Code.


More Definitions of Spinco Savings Plans

Spinco Savings Plans means the Plans established and maintained by Spinco that correspond to the Heinz Retirement and Savings Plan and the Heinz SAVER Plan, as modified in accordance with Section 5.1(c) below.
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Related to Spinco Savings Plans

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

  • 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;

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • 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.

  • SpinCo Separate Return means any Separate Return of SpinCo or any member of the SpinCo Group.

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

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

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

  • RemainCo shall have the meaning set forth in the Preamble.

  • SpinCo Employee means any individual who, as of the Effective Time, is employed by or will be employed by Spinco or any member of the Spinco Group, including active employees and employees on vacation and approved leave of absence (including maternity, paternity, family, sick leave, qualified military service under the Uniformed Services Employment and Reemployment Rights Act of 1994, short- or long-term disability leave, leave under the Family Medical Leave Act and other approved leave).

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

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

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

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

  • SpinCo shall have the meaning set forth in the Preamble.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

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

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

  • Returning Employees means those persons listed in a schedule to be agreed by the Parties prior to the end of the Contract Period who it is agreed were employed by the Contractor (and/or any Sub-Contractor) wholly or mainly in the supply of the Services immediately before the end of the Contract Period.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

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

  • Former Employees means a former member of management of Icahn Enterprises (or any of its Subsidiaries (including any Guarantors)), other than the Principal, who voluntarily or upon any other termination is no longer employed by any of Icahn Enterprises or any of its Subsidiaries (including any Guarantors) and who holds Equity Interests that are required to be redeemed or purchased pursuant to any contractual requirements upon such termination of employment.