Welfare Period definition
Examples of Welfare Period in a sentence
Buyer shall, or shall cause a Designated Employing Entity to, have in effect a tax-qualified defined contribution retirement plan as of the end of the Post-Closing Welfare Plan Period that includes a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code in which each U.S. Transferred Employee shall be eligible to participate after the completion of the Post-Closing Welfare Period (the “Buyer 401(k) Plan”).