Austria. (a) In Austria all the Seller’s liabilities with respect to the Long-Term Benefit Arrangements are assumed by a member of the Purchaser’s Group. The structure of all Long-Term Benefit Arrangements will remain unchanged. (b) It will be the Purchaser’s responsibility to give note to the external providers of the Defined Contribution Retirement Plans (see Part 2 Section 1) of the transaction to ensure the continuation of those plans during three (3) months after the Closing Date. Costs in connection with this notification will be borne by the Purchaser.
Appears in 3 contracts
Sources: Sale and Purchase Agreement (NXP Semiconductors N.V.), Sale and Purchase Agreement (NXP Semiconductors N.V.), Sale and Purchase Agreement (Dover Corp)