Common use of Plan Accounts Clause in Contracts

Plan Accounts. Seller agrees that pursuant to ------------------------------------ Code Section 401(k)(2), the Acquisition will result in, and constitute, a distribution event for Transferred Employees who participate in the 401(k) plan(s) maintained by Seller or any ERISA Affiliate (the "401(k) Plan"). Seller further agrees that as soon as administratively feasible following the Closing Date, Transferred Employees who participate in the 401(k) Plan shall be provided the opportunity to take a distribution from the 401(k) Plan.

Plan Accounts. Seller agrees that ------------------------------------ pursuant to ------------------------------------ Code Section 401(k)(2), the Acquisition will result in, and constitute, a distribution event for Transferred Buyer's New Employees who participate in the 401(k) plan(s) maintained by Seller or any ERISA Affiliate (the "401(k) ------ Plan"). Seller further agrees that as soon as administratively feasible ---- following the Closing Date, Transferred Buyer's New Employees who participate in the 401(k) Plan shall be provided the opportunity to take a distribution from the 401(k) Plan.

Plan Accounts. Seller agrees that pursuant to ------------------------------------ Code Section 401(k)(2), the Acquisition will result in, and constitute, a distribution event for Transferred Employees who participate in the 401(k) plan(s) maintained by Seller or any ERISA Affiliate (the "401(k) Plan"). Seller further agrees that as soon as administratively feasible following the Closing Date, Transferred Employees who participate in the 401(k) Plan shall be provided the opportunity to take a distribution from the 401(k) Plan.