Plan Rollovers. Pioneer shall cause the Pioneer Drilling Service, Ltd. 401(k) Plan (the “Pioneer Plan”) to accept, as soon as administratively feasible after Closing, eligible rollover contributions, including the rollover of outstanding plan loans such that they will continue to make payments under the terms of such loans under the Pioneer Plan, of the employees of the Acquired Companies who participate in the WEDGE Service Corporation 401(k) Profit Sharing Plan and who elect to make direct rollovers of their account balances into the Pioneer Plan, to the extent such rollovers are elected by such employees, subject to compliance with applicable law and reasonable administrative requirements of the Pioneer Plan.
Plan Rollovers. As soon as administratively feasible after the Closing Date, Pure shall cause the trustee of Pure's 401(k) plan trust to accept direct rollovers from IPP Parties' 401(k) plan trust for each Transferred Employee electing the same with respect to his or her vested account thereunder. Such direct rollovers shall be made in cash and participant promissory notes for any outstanding loans of such Transferred Employees under Pure's 401(k) plan.
Plan Rollovers. Effective as of the Closing Date, Purchaser shall cause the Purchaser 401(k) Plan to accept rollovers of distributions, including the in-kind rollover of promissory notes evidencing loans to Transferred Employees, from the Seller SIP.
Plan Rollovers. Effective no later than 60 days after Closing, FBHS and Buyer will effect a trust-to-trust transfer of account balances (and, if applicable, promissory notes evidencing loan balances of the Business Employees) of the Business Employees (the “Accounts”) under the Fortune Brands Home & Security Retirement Savings Plan and the Fortune Brands Home & Security Hourly Employees Retirement Savings Plan (collectively the “FBHS 401(k) Plans”) from the related trusts of the FBHS 401(k) Plans to the 401(k) plan sponsored by Buyer or one of its Affiliates, as applicable (the “Buyer 401(k) Plan”) and its related trust, which Buyer 401(k) Plan and related trust shall accept the transfer (the “Trust Transfer”). The Trust Transfer shall be in cash or in kind, as agreed by FBHS and Buyer. FBHS shall provide or cause to be provided to Buyer such documentation reasonably requested by Buyer to ensure the continued qualified status of the FBHS 401(k) Plans after the Closing and prior to the effectiveness of the Trust Transfer. FBHS and Buyer shall take all such actions necessary to ensure that the Trust Transfer complies with applicable laws. The Shareholder and FBHS have and, prior to the Transfer Date, shall fully comply with all applicable laws relating to the Accounts.
Plan Rollovers. Holdings or Newco or any of their respective Subsidiaries shall cause Holdings’ or Newco’s 401(k) plan to accept a “direct rollover” to Holdings’ or Newco’s 401(k) plan of each Covered Employee’s account balances (including promissory notes evidencing all outstanding loans) under the Sellers’ 401(k) plans if such rollover is elected in accordance with applicable law by such Covered Employee. Buyer further agrees to cause Holdings or Newco to take all actions as may be necessary to cause each Covered Employee that participates in Holdings’ or Newco’s 401(k) plan following the Closing Date to receive full and immediate vesting of all employer contributions made by Holdings or Newco or its Affiliates to the Holdings’ or Newco’s 401(k) plan following the Closing Date. Seller shall take all actions as may be necessary to cause each Covered Employee that participates in the Sellers’ 401(k) plans prior to the Closing Date to receive full and immediate vesting of all employer contributions made by Sellers or their Affiliates to the Sellers’ 401(k) plans prior to the Closing Date. Nothing herein shall require any future employer contributions to be made by Holdings or Newco or its Affiliates to any Holdings’ or Newco’s 401(k) plan.
Plan Rollovers. Purchaser shall take all reasonable action necessary to permit Purchaser’s tax-qualified employee savings plan(s) maintained in the United States to accept rollover contributions of “eligible rollover distributions” (within the meaning of Section 402(c)(4) of the Code) from the Seller’s qualified retirement plan(s).
Plan Rollovers. The Company and Komag agree to use their best efforts to enable individual rollovers of Transferred Employees' account balances in the Company's 401(k) Plan to Komag's 401(k) Plan, which balances may include plan loans. In furtherance and not in limitation of the foregoing, provided that Transferred Employees have completed the Company's 401(k) termination distribution request form, the Company shall complete Komag's standard rollover form for each Transferred Employee electing to rollover his or her account balance into Komag's 401(k) Plan in a timely manner. In addition, the Company will provide Komag with a ------------------------------------------ "[***]" INDICATES REDACTED INFORMATION FOR WHICH CONFIDENTIAL TREATMENT IS REQUESTED ------------------------------------------ discussion of facts in support of the Company's view that the sale of the Media Business by the Company to Komag is the sale of "substantially all of the assets" used in a "trade or business" within the meaning of section 401(k)(10) of the Code.
Plan Rollovers. The Company and Komag agree to use their best efforts to enable individual rollovers of Transferred Employees' account balances in the Company's 401(k) Plan to Komag's 401(k) Plan, which balances may include plan loans. In furtherance and not in limitation of the foregoing, provided that Transferred Employees have completed the Company's 401(k) termination distribution request form, the Company shall complete Komag's standard rollover form for each Transferred Employee electing to rollover his or her account balance into Komag's 401(k) Plan in a timely manner. In addition, the Company will provide Komag with a
Plan Rollovers. Enovation shall permit each Transferred Employee who participates in Enovation’s 401(k) plan to elect to make direct rollovers of their account balances into Newco’s 401(k) plan as soon as administratively feasible after the Effective Time, including the direct rollover of any outstanding loan balances such that they will continue to make payments under the terms of such loans under Newco’s 401(k) plan, subject to compliance with applicable law and subject to the requirements of Newco’s 401(k) Plan.
Plan Rollovers. Effective as of the Closing Date, Purchaser shall cause the Purchaser 401(k) Plan to accept rollovers of distributions, including the [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. in-kind rollover of promissory notes evidencing loans to Transferred Employees, from the Seller SIP.
