Buyer Employee Plans. (a) Buyer or one of its Affiliates will recognize all service of the Transferred Employees to the extent such service is recognized by the Company or the Company Subsidiaries for all purposes of the employee benefit plans of Buyer or its Affiliates (other than benefit accrual under a defined benefit plan of Buyer or its Affiliates).
Appears in 2 contracts
Samples: Agreement and Plan of Merger (Mueller Water Products, Inc.), Agreement and Plan of Merger (Walter Industries Inc /New/)
Buyer Employee Plans. (a) Buyer or one of its Affiliates will recognize all service of the Transferred Employees to the extent such service is recognized by the Company or the Company Subsidiaries for all purposes of the employee benefit plans of Buyer or its Affiliates (other than benefit accrual under a defined benefit plan of Buyer or its Affiliates).
Appears in 1 contract
Buyer Employee Plans. (a) Buyer or one of its Affiliates will recognize all service of the Transferred Continuing Employees to the extent such service is recognized by the Company or the Company Subsidiaries for all purposes of the employee benefit plans of Buyer or its Affiliates (other than benefit accrual under a defined benefit plan of Buyer or its Affiliates).
Appears in 1 contract
Buyer Employee Plans. (a) Buyer or one of its Affiliates will recognize all service of the Transferred Employees to the extent such service is recognized by the Company or the Company Subsidiaries for all purposes of the employee benefit plans of Buyer or its Affiliates (other than benefit accrual under a defined benefit plan of Buyer or its AffiliatesAffiliates and other than for purposes of the vesting of any options granted by Buyer).
Appears in 1 contract
