Qualified Defined Contribution Plan Sample Clauses

Qualified Defined Contribution Plan. (a) Assumption of Parent 401(k) Plan by SpinCo. Effective on or prior to the Effective Time, SpinCo shall, or shall cause one of its Affiliates to, assume sponsorship of the Atlas Energy, L.P. Investment Savings Plan (the “Parent 401(k) Plan”) and related trust, and make such amendments thereto as necessary to reflect the new sponsorship thereof by SpinCo (such plan as renamed as of the Effective Time in connection with such assumption, the “SpinCo 401(k) Plan”). From and after the Effective Time, no Retained Business Participants shall accrue any benefits under the SpinCo 401(k) Plan.
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Qualified Defined Contribution Plan. (a)(i) Subject to the terms of this §8.5(e), Assets and Liabilities attributable to the vested and unvested account balances of the Transferred Employees (or any other applicable HXXX Employee who is an HBIO Participant) , including any notes relating to outstanding plan loans, which are held in the trust under the Harvard Bioscience, Inc. 401(k) Plan (the “DC Trust”) shall be spun off to a new 401(k) plan, the provisions of which shall initially mirror the plan under the DC Trust, and which HXXX shall sponsor and maintain (the “HXXX 401(k) Plan”). The Parties hereto shall cooperate in good faith to complete such separation on commercially reasonable terms and conditions, effective as of the Distribution Date or as soon thereafter as reasonably practicable. For purposes of counting service for eligibility, vesting and the accrual of benefits under the HXXX 401(k) Plan, the HBIO Employment of any Transferred Employee (or other HXXX Employee) shall count as HXXX Employment under the HXXX 401(k) Plan, as of the effective date of such Plan.
Qualified Defined Contribution Plan. Section 3.1 MPI 401(k) Plan.
Qualified Defined Contribution Plan. Each Seller is currently a participating company in the InterMedia Partners Tax-Deferred Savings Plan ("Sellers' DC Plan"). New Employees shall not accrue any further benefits under the Sellers' DC Plan as of any date after the Closing (unless employed by either Seller or its ERISA Affiliates). Buyer is a participating company in the Northland Telecommunications Corporation 401(k) Plan ("Buyer's DC Plan"). The account balances of New Employees in the Sellers' DC Plan shall be transferred to the Buyer's DC Plan as soon as reasonably practicable following the Closing in accordance with this Subsection 6.5(c). Buyer represents and warrants that the Buyer's DC Plan and related trust meet the requirements for qualification under section 401 and related sections of the Code and shall continue to meet such requirements as of the date of the transfer described in this Subsection 6.5(c). Prior to such transfer, but in no event later than two (2) months after the Closing Date, Buyer shall provide to Sellers satisfactory evidence that the Buyer's DC Plan complies with such requirements, including copies of Buyer's DC Plan and the most recent determination letter issued by the Internal Revenue Service (and any subsequent determination letter application filed with the Internal Revenue Service). As soon as reasonably practicable after the Closing and provision of satisfactory evidence pursuant to this Subsection 6.5(c), the trustee of Sellers' DC Plan shall transfer to the trustee of Buyer's DC Plan cash and/or assets, including plan loan obligations, equal to the value of the account balances of each New Employee under Sellers' DC Plan as of the last valuation date immediately preceding the transfer date, which amount shall be credited to the respective account or accounts under Buyer's DC Plan. The foregoing notwithstanding, the amount to be so transferred with respect to any New Employee shall be reduced by any withdrawals and other distributions made from Sellers' DC Plan to the New Employee between such valuation date and such transfer date. Buyer agrees that once the transfers made herein have been made, the sole and exclusive responsibility for providing the benefits accrued by the New Employees under Sellers' DC Plan as of the transfer date and transferred to Buyer's DC Plan shall be that of Buyer's DC Plan and Buyer.
Qualified Defined Contribution Plan. 3.1 401(k) Plan.
Qualified Defined Contribution Plan. Section 3.1 CPEX 401(k) Plan.
Qualified Defined Contribution Plan. Section 3.1 Furiex 401(k) Plan.
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Qualified Defined Contribution Plan. Section 4.1 Forestar 401(k) Plan.
Qualified Defined Contribution Plan. (a) Orion 401(k)
Qualified Defined Contribution Plan. On or before the IPO Effective Date, Cabot Microelectronics shall adopt a defined contribution plan for the benefit of the CMC Employees. Such plan shall be qualified under Sections 401(a) and 401(k) of the Code and shall contain such rights and features as Cabot Microelectronics shall determine. The CMC Employees shall commence to participate in such plan as of the first day of the month immediately following the month in which the IPO Effective Date occurs.
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