Defined Contribution Retirement Plans. 4.01. Establishment of Mirror 401(k) Plan and Trust.
Defined Contribution Retirement Plans. Section 5.01.
Defined Contribution Retirement Plans. 11.5.1 Effective as of the Closing Date or as soon as reasonably practicable thereafter, Holdings shall establish one or more defined contribution retirement plans (collectively, the "Holdings DC Plans") which will provide each of the Transferred Employees for a period of at least two years matching contribution percentages that in the aggregate are substantially comparable to that available to such Transferred Employees immediately prior to the Closing Date under the Defined Contribution Plans, provided that Holdings shall not be required to establish an Employee Stock Ownership Plan (an "ESOP") and provided further that Holdings shall not be required to maintain a Parent common stock account. Except as not permitted by a trustee or recordkeeper of any Holdings DC Plan, Holdings will provide Transferred Employees with an opportunity to transfer any Parent common stock they hold in the Defined Contribution Plans (not relating to the ESOP accounts) into a qualified plan account that accepts such Parent common stock.
Defined Contribution Retirement Plans. Within five business days after the Termination Date or, if later, the earliest time or times permitted under Internal Revenue Code Section 409A and related Federal regulations, the Company will pay Xx. Xxxxxx an amount equal to the amount of the Company’s contributions (and specifically not including any pre-tax or other contributions commonly considered to made by an employee) that would have been added to Xx. Xxxxxx’ accounts under the Company’s qualified defined contribution plans and any excess or supplemental defined contribution plans in which Xx. Xxxxxx participates at the Termination Date (or if more favorable to Xx. Xxxxxx, the plans as in effect immediately prior to the Change in Control) if Xx. Xxxxxx had continued his employment for 36 months after the Termination Date and such later date were the date of employment termination under such plans, assuming for this purpose that –
Defined Contribution Retirement Plans. (a) Effective as of the Distribution Date, Xxxxxx shall amend the Thrift Plan for Employees of Xxxxxx Oil Corporation (the "Xxxxxx XX Plan") (i) to cause the active participation of the Transferred Employees therein to cease as of the Distribution Date, and (ii) to provide for the direct trust-to-trust transfer of plan accounts as contemplated herein.
Defined Contribution Retirement Plans. Within five business days after the Termination Date or, if later, the earliest time or times permitted under Internal Revenue Code Section 409A and related Federal regulations, the Company will pay Mr./Ms. [Insert Name] an amount equal to the amount of the Company’s contributions (and specifically not including any pre-tax or other contributions commonly considered to made by an employee) that would have been added to Mr./Ms. [Insert Name]’s accounts under the Company’s qualified defined contribution plans and any excess or supplemental defined contribution plans in which Mr./Ms. [Insert Name] participates at the Termination Date (or if more favorable to Mr./Ms. [Insert Name], the plans as in effect immediately prior to the Change in Control) if Mr./Ms. [Insert Name] had continued her employment for 24 months after the Termination Date and such later date were the date of employment termination under such plans, assuming for this purpose that –
Defined Contribution Retirement Plans. All regular full-time and part-time employees regularly working at least twenty (20) hours per week, are eligible to participate in AHS's 457 and 403(b) defined contribution retirement plans (the "Plans"). Eligible employees may make both pre-tax and post-tax contributions up to the limits established by the IRS for the Plans. Part-time employees with an FTE of .5 or higher who are not participating in ACERA will be eligible for a 3% match in the 403b. Any employee participating in ACERA is not eligible for the 3% match into the 403(b) plan
Defined Contribution Retirement Plans. At Closing, Seller shall retain all assets of the TransPro, Inc., 401(k)
Defined Contribution Retirement Plans. As of the Closing Date, Buyer shall establish for Active Non-Represented Employees (or otherwise include Active Non-Represented Employees in) a defined contribution plan or plans that either continues the level of benefits provided by Seller and VMS or that provides benefits comparable to those provided by Buyer to its non-represented employees. Buyer's plan shall recognize employment with Seller for purposes of eligibility. Buyer shall provide Seller an Internal Revenue Service determination letter holding that Buyer's plan for Active Non-Represented Employees satisfies the applicable requirements for qualification exemption under Sections 401(a) and 501(a) of the Code. Upon evidence satisfactory to Seller, and provided to Seller within one (1) year of Closing, relative to the establishment of this plan and the existence of such determination letter, Seller shall cause the Trustee of the TransPro, Inc., 401(k) Savings Plan to transfer the account balances of Active Non-Represented Employees employed by Buyer to such plan. In the event that an Active Non-Represented Employee has an outstanding loan under the TransPro, Inc., 401(k) Savings Plan, Buyer will allow such employee to enter into a payroll withholding authorization with Buyer for the purpose of making required payments under such loan, and Seller will direct the trustee of the TransPro, Inc., 401(k) Savings Plan to accept such payroll deduction amounts from Buyer for a period of twelve (12) months from the Closing Date.
Defined Contribution Retirement Plans. (A) The applicable Claims fiduciaries shall continue to be solely responsible for the adjudication of Claims under the Donnelley Financial Defined Contribution Retirement Plans.
