Parent Plans. Except as otherwise specifically provided in the Agreement, Purchaser and its Affiliates shall not assume any obligations under or Liabilities with respect to, or receive any right or interest in any trusts relating to, any assets of or any insurance, administration or other contracts pertaining to any of the Employee Plans which are sponsored or maintained by GE or its Affiliates (excluding the Business Subsidiaries) (“Parent Plan”) principally for GE employees employed in the United States (“U.S. Parent Plans”).
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Probe Manufacturing Inc)