Transferred Employee Plans definition

Transferred Employee Plans means Seller Benefit Plans in respect of which Liabilities are owed by a Company to its employees or former employees (including the Share Transfer Employees).
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Transferred Employee Plans means those Seller Employee Plans that are (x) established or maintained in accordance with a Collective Labor Agreement that is transferred to the Purchaser or a Designated Purchaser under the terms of Section 7.2, and transferred (or the liabilities of which are transferred) to the Purchaser or Designated Purchaser pursuant to this Agreement or by operation of Law or (y) transferred (or the liabilities of which are transferred) to the Purchaser or Designated Purchaser pursuant to this Agreement or by operation of Law.
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Transferred Employee Plans shall have the meaning set forth in Section 2.1(j).
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Examples of Transferred Employee Plans in a sentence

  • Prior to the Effective Time, Parent and the Company shall cooperate in reviewing, evaluating and analyzing Company Benefit Plans with a view towards determining appropriate Transferred Employee Plans.

  • For employees who did not opt for the voluntary pension saving scheme the total rate of social and health insurance is 11.0 % (consists of 6.5 % contributions to pension insurance and 4.5 % of compulsory health insurance).

  • The Transferred Employee Plans have been established, operated and maintained in accordance with applicable Law in all material respects.

  • Buyer agrees and acknowledges that the Post-Closing Welfare Plans will be treated as Transferred Employee Plans for purposes of this Agreement and that from and after the Closing, Buyer and its Affiliates (including the Transferred Entities) or the applicable insurance provider thereunder shall be liable for any claims under the Post-Closing Welfare Plans related to any Continuing Employee or his or her dependent, including claims incurred but unpaid prior to the Closing.

  • Notwithstanding anything to the contrary, Seller shall be solely responsible for all Benefit Liabilities associated with actions or inactions taken by Seller with respect to such Transferred Employee Plans prior to the Closing Date.

  • For purposes of this Section 7.1(d)(ii), the amount to be transferred shall be adjusted to take into account benefit payments made from the Transferred Employee Plans to the applicable Pension Plan Employees after the Closing Date or Deferred Closing Date, as applicable, but prior to the date of transfer by Seller or its Affiliates (“Interim Pension Payments”).

  • Prior to the Effective Time, Calando and Insert shall cooperate in reviewing, evaluating and analyzing Calando’s Employee Plans and Insert’s Employee Plans with a view towards determining appropriate Transferred Employee Plans.

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  • With respect to Transferred Employees who are Share Transfer Employees, the above provisions shall apply to any Purchaser Employee Plan that the Purchaser offers to such Transferred Employees but not with respect to any Transferred Employee Plans.

  • Seller shall provide Buyer with all information necessary to satisfy any ongoing obligations under the Transferred Employee Plans, including all information necessary or appropriate for Buyer or Parent to offer continuation coverage under COBRA (or similar state law) to those individuals who are qualified beneficiaries (as defined in Treasury Regulation Section 54.4980B-3, Q&A-1) with respect to such Transferred Employee Plans.


More Definitions of Transferred Employee Plans

Transferred Employee Plans has such meaning as set forth in Section 5.5(a).
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Transferred Employee Plans means the Benefit Plans expressly assumed (in whole or in part) in writing by Buyer in accordance with Section 2.1(g).
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Transferred Employee Plans in Section 1.1 is amended to delete the reference to “Section 2.1.3(g)” and replace it with a reference to “Section 2.1.3(h)”.
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Related to Transferred Employee Plans

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

  • 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.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement 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 or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

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

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

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

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

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

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

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

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

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

  • Employee Plan means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

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

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

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

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • 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 Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.