Transferred Group Entity definition

Transferred Group Entity means each Kimball International Entity that will become a Kimball Electronics Entity as of the Effective Time.

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Transferred Group Entity means each IR Entity that will become an Allegion Entity as of the Effective Time.

Transferred Group Entity means each ▇▇▇▇▇▇▇ International Entity that will become a ▇▇▇▇▇▇▇ Electronics Entity as of the Effective Time.

Examples of Transferred Group Entity in a sentence

No later than the Effective Time, Schlage Lock Company LLC, a Transferred Group Entity, shall have established defined contribution plans that are intended to meet the requirements of Section 401(a) of the Code and a related trust that is intended to meet the requirements of Section 501(a) of the Code for the benefit of Allegion Group Employees and Former Allegion Group Employees (the “Schlage Lock Company LLC 401(k) Plans”).
Effective as of the Effective Time, either the Transferred Group Entity shall remain the plan sponsor of the Allegion UK Pension Plan or Allegion shall cause another Allegion Entity to assume the Allegion UK Pension Plan.
Effective as of the Effective Time, either the Transferred Group Entity shall remain the plan sponsor of Allegion Severance Arrangements or Allegion shall or shall cause another Allegion Entity to assume the Allegion Severance Arrangements.
Effective as of the Transferred Group Adoption Date, a Transferred Group Entity shall establish severance arrangements, plans, policies or guidelines to be effective as of the Effective Time (“Allegion Severance Arrangements”) under which Allegion Group Employees who, immediately prior to the Effective Time, are participants in any IR severance arrangement, plan, policy or guideline, shall be eligible to participate immediately following the Effective Time.
Effective as of the Transferred Group Adoption Date, a Transferred Group Entity shall establish severance arrangements, plans, policies or guidelines to be effective as of the Effective Time (“▇▇▇▇▇▇▇ Electronics Severance Arrangements”) under which ▇▇▇▇▇▇▇ Electronics Group Employees who, immediately prior to the Effective Time, are participants in any ▇▇▇▇▇▇▇ International severance arrangement, plan, policy or guideline, shall be eligible to participate immediately following the Effective Time.
Employee Pension Plan (the “Canadian DC Pension Plan”), to assign all of its rights, duties, obligations and liabilities under and in relation to the Canadian DC Pension Plan to an IR Entity that is not a Transferred Group Entity (the “Canadian Pension Plan Assignee”) and to amend the Canadian DC Pension Plan as necessary to give effect to this Section 14.3.
Effective as of the Effective Time, either the Transferred Group Entity shall remain the plan sponsor of ▇▇▇▇▇▇▇ Electronics Severance Arrangements or ▇▇▇▇▇▇▇ Electronics shall or shall cause another ▇▇▇▇▇▇▇ Electronics Entity to assume the ▇▇▇▇▇▇▇ Electronics Severance Arrangements.
Effective as of the Closing Date, each Transferred Group Entity shall cease to be a “participating employer” in the Employee Benefit Plans.
If, as a result of any dispute under this Section 5.4(b)(v), the asset transfer contemplated hereby is delayed until after the Closing, the amount that should have been transferred to the Funded Account of any Transferred Group Entity shall be increased by a reasonable rate of interest agreed upon by the Plan Actuary and Buyer Actuary (or if they cannot agree, the independent third party actuary described above) from the Closing to the date of transfer.

More Definitions of Transferred Group Entity

Transferred Group Entity means the Seller Parent or any current or former affiliate of the Seller Parent, other than the Company or any of its Subsidiaries.

Transferred Group Entity means each Exelis Entity that will become a Vectrus Entity as of the Effective Time.

Transferred Group Entity means each IR Entity that will become an Allegion Entity as of the Effective

Transferred Group Entity means each IR Entity that will become an Allegion Entity as of the Effective Time. “Transition Services Agreement” has the meaning set forth in the Distribution Agreement. “True-Up Amount” has the meaning set forth in Section 6.2(b)(v). “Unexercisable IR Award” has the meaning set forth in Section 4.2(a)(ii)(A). “U.S.” means the United States of America. “WARN” means the U.S. Worker Adjustment and Retraining Notification Act, as amended, and the regulations promulgated thereunder, and any applicable state or local Law equivalent. “Welfare Plan” means, where applicable, a “welfare plan” (as defined in Section 3(1) of ERISA) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and any other plan offering health benefits (including medical, wellness, prescription drug, dental, vision, and mental health and substance abuse), disability benefits, or life, accidental death and disability, and business travel insurance, pre-tax premium conversion benefits, dependent care assistance programs, employee assistance programs, paid time off programs, contribution funding toward a health savings account, flexible spending accounts, or cashable credits of IR or Allegion, as applicable.