Stand-Alone Benefit Plans definition

Stand-Alone Benefit Plans means any Benefit Plan which is sponsored or maintained by the Company and in which no other companies or Affiliates of the Company, other than Company Group Members, are eligible to participate.
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Stand-Alone Benefit Plans shall have the meaning prescribed to such term in Section 6.7(d).
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Examples of Stand-Alone Benefit Plans in a sentence

  • Parent shall be liable for all liabilities and obligations arising directly or indirectly out of the Benefit Plans other than the Stand-Alone Benefit Plans and Parent shall indemnify and hold harmless the Buyer Parties and their Affiliates from and against such liabilities and obligations.

  • On or prior to the Closing Date, with respect to any Stand-Alone Benefit Plans assumed by the Buyer Parties which are non-qualified deferred compensation plans, Parent shall cause all such Stand-Alone Benefit Plans to be amended, in a good faith efforts to comply with Section 409A of the Code, pending the issuance of final regulations under that Code Section.

  • Effective as of the Closing, the ------------------------- Purchased Entities shall retain or assume all liabilities and obligations under the Benefit Plans listed on Schedule 5.5(d) (the "Stand-Alone Benefit Plans").

  • From and after the Closing, none of Parent or any of its affiliates shall have any Liability under or in respect of (and Parent and its affiliates shall be indemnified and held harmless with respect to) the Stand-Alone Benefit Plans.