Common use of Plan Distributions Clause in Contracts

Plan Distributions. The Company Employees shall not be eligible to participate in Buyer's defined benefit pension plan. The Company Employees shall be eligible to participate in Buyer's 401(k) plan from and after the Closing Date. In the event that the Company Employees are provided with the opportunity to elect eligible rollover distributions from their account balances under Parent's 401(k) Plan ( i.e. ,the Plan in which they participate as of the date of this Agreement), Buyer's 401(k) plan shall accept such rollovers from such electing Company Employees into their accounts under the Buyer's 401(k) plan.

Plan Distributions. The Company ------------------------------------------ Employees shall not be eligible to participate in Buyer's defined benefit pension plan. The Company Employees shall be eligible to participate in Buyer's 401(k) plan from and after the Closing Date. In the event that the Company Employees are provided with the opportunity to elect eligible rollover distributions from their account balances under Parent's 401(k) Plan ( i.e. ,(i.e., the Plan in which they participate as of the date of this Agreement), Buyer's 401(k) plan shall accept such rollovers from such electing Company Employees into their accounts under the Buyer's 401(k) plan.