Subsidiary Plan definition

Subsidiary Plan means any Employee Benefit Plan that is maintained or sponsored exclusively for the benefit of Business Employees or independent contractors that work exclusively for the Business.
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Subsidiary Plan means an incentive plan established by any Associated Company, from time to time.
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Subsidiary Plan means each Employee Plan that is (i) primarily sponsored or maintained by the Business Subsidiaries or (ii) maintained, established or contributed to by Seller or any of its Affiliates (other than the Business Subsidiaries) exclusively for current or former employees of a Business Subsidiary and their dependents and beneficiaries.
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Examples of Subsidiary Plan in a sentence

  • The purposes of the Subsidiary Plan are to attract, retain and motivate employees and directors of and other service providers to the Group, to provide a means of compensating them through the grant of stock options for their contributions to the growth and profits of the Group, and to allow such employees, directors and service providers to participate in such growth and profitability.

  • The Subsidiary Committee shall be responsible for the administration of the Subsidiary Plan.

  • The Subsidiary Plan does not provide for any payment upon application or acceptance of an option.

  • For the avoidance of doubt, any change, alteration or amendment pursuant to the exercise of any authority granted under a Subsidiary Plan shall be deemed to take effect automatically under the terms of the relevant Subsidiary Plan.

  • Each Subsidiary Plan shall remain in force for a period of ten years commencing on the date of Subsidiary Board approval of the relevant Subsidiary Plan.


More Definitions of Subsidiary Plan

Subsidiary Plan shall have the meaning set forth in SECTION 2.16(a).
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Subsidiary Plan means an incentive stock option plan of a subsidiary of the Corporation, as may be amended from time to time, pursuant to which all new equity-based incentive awards granted by such subsidiary are governed;
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Subsidiary Plan means any Seller Plan that formerly provided, provides or is intended to provide compensation or benefits to any person or member of a person's family as a consequence of that person's current or former relationship to a Subsidiary.
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Subsidiary Plan means any portion oE a comprehensive plan
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Subsidiary Plan is added in proper alphabetical order:
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Subsidiary Plan is hereby added to Section 1.1 of the APA and shall read as follows:
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Subsidiary Plan means a plan sponsored by an Employer other than the Company, where (i) a Participant in the Plan is an Employee of such Employer, (ii) such plan includes a qualified cash or deferred arrangement pursuant to Code ss. 401(k), (iii) the Participant makes elective deferrals and has an account under that plan that is credited
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