Common use of Plan Rollovers Clause in Contracts

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.

Appears in 2 contracts

Sources: Asset Purchase Agreement, Asset Purchase Agreement (Seattle Genetics Inc /Wa)