Common use of Miscellaneous Employee Issues Clause in Contracts

Miscellaneous Employee Issues. (a) For all purposes under the employee benefit plans, practices or arrangements of Purchaser and its Affiliates (including the Transferred Entities) providing benefits to any Transferred Employee after the Closing Date, each Transferred Employee shall be credited with all years of service for which such Transferred Employee was credited before the Effective Time under any similar employee benefit plans, practices or arrangements of Newpark and its Affiliates.

Miscellaneous Employee Issues. (a) For all purposes under the employee benefit plans, practices or arrangements of Purchaser and its Affiliates (including the Transferred Entities) providing benefits to any Transferred Company Employee after the Closing Date, each Transferred Company Employee shall be credited with all years of service for which such Transferred Company Employee was credited before the Effective Time Closing Date under any similar employee benefit plans, practices or arrangements of Newpark Parent and its Affiliates, except for purposes of benefit accrual under any defined benefit pension plan or where doing so would result in any duplication of benefits.

Miscellaneous Employee Issues. (a) For all purposes under the employee benefit plans, practices or arrangements of Purchaser and its Affiliates (including the Transferred Entities) providing benefits to any Transferred Entity Employee after the Closing Date, each Transferred Entity Employee shall be credited with all years of service for which such Transferred Entity Employee was credited before the Effective Time Closing Date under any similar employee benefit plans, practices or arrangements of Newpark Seller and its Affiliates, except for purposes of benefit accrual under any defined benefit pension plan.

Miscellaneous Employee Issues. (a) For all purposes purposes, under the employee benefit plans, practices or arrangements of Purchaser and its Affiliates (including the Transferred Entities) providing benefits to any Transferred Entity Employee after the Closing Date, each Transferred Entity Employee shall be credited with all years of service for which such Transferred Entity Employee was credited before the Effective Time Closing Date under any similar employee benefit plans, practices or arrangements of Newpark and Seller or its Affiliates, except for purposes of benefit accrual under any defined benefit plan.