Common use of Successor Employer Clause in Contracts

Successor Employer. If any Employer dissolves into, reorganizes, merges into or consolidates with another business entity, provision may be made by which the successor will continue the Plan, in which case the successor will be substituted for the Employer under the terms and provisions of this Plan. The substitution of the successor for the Employer will constitute an assumption by the successor of all Plan liabilities and the successor will have all of the powers, duties and responsibilities of the Employer under the Plan.

Appears in 3 contracts

Samples: Bob Evans Farms Inc, Bob Evans Farms Inc, Evans Bob Farms Inc

AutoNDA by SimpleDocs

Successor Employer. If any Employer dissolves intoIn the event of the dissolution, reorganizesmerger, merges into consolidation or consolidates with another business entityreorganization of the Employer, provision may be made by which the Plan and Trust shall be continued by the successor will continue the Planemployer, in which case the such successor will employer shall be substituted for the Employer under the terms and provisions of this Plan. The substitution of the successor for the Employer will employer shall constitute an assumption of Plan liabilities by the successor of all Plan liabilities employer, and the successor will employer shall have all of the powers, duties and responsibilities of the Employer under the Plan.

Appears in 2 contracts

Samples: Bway Corp, Garmin LTD

Successor Employer. If any Employer dissolves intothe Company dissolves, reorganizes, merges into or consolidates with another business entity, provision may be made by which the successor will continue the Plan, in which case the successor will be substituted for the Employer Company under the terms and provisions of this Plan. The substitution of the successor for the Employer Company will constitute an assumption by the successor of all Plan liabilities and the successor will have all of the powers, duties and responsibilities of the Employer Company under the Plan.

Appears in 2 contracts

Samples: Employment Agreement (Abercrombie & Fitch Co /De/), Employment Agreement (Abercrombie & Fitch Co /De/)

Successor Employer. If any Employer dissolves intoIn the event of the dissolution, reorganizesmerger, merges into consolidation or consolidates with another business entityreorganization of the Employer, provision provisions may be made by which the successor Plan will continue be continued by the Plansuccessor; and, in which case the that event, such successor will shall be substituted for the Employer under the terms and provisions of this Plan. The substitution of the successor for the Employer will shall constitute an assumption of Plan liabilities by the successor of all Plan liabilities and the successor will shall have all of the powers, duties duties, and responsibilities of the Employer under the Plan.

Appears in 2 contracts

Samples: Hastings Entertainment Inc, Hastings Entertainment Inc

AutoNDA by SimpleDocs

Successor Employer. If any Employer dissolves intoIn the event of the dissolution, reorganizesmerger, merges into consolidation or consolidates with another business entityreorganization of the Company, provision may be made by which the Plan and Trust will be continued by the successor, and such successor will continue the Plan, in which case the successor will shall be substituted for the Employer Company under the terms and provisions of this Plan. The substitution of the successor for the Employer will shall constitute an assumption of Plan liabilities by the successor of all Plan liabilities and the successor will shall have all of the powers, duties and responsibilities of the Employer Company under the Plan.

Appears in 2 contracts

Samples: Employee Stock Ownership Plan And (Southwest Georgia Financial Corp), Employee Stock Ownership Plan And (Southwest Georgia Financial Corp)

Successor Employer. If any Employer dissolves intoIn the event of the dissolution, reorganizesmerger, merges into consolidation or consolidates with another business entityreorganization of the Employer, provision may be made by which the Plan and Trust shall be continued by the successor will continue the Planemployer, in which case the such successor will employer shall be substituted for the Employer under the terms and provisions of this Plan. The substitution of the successor for the Employer will employer shall constitute an assumption of Plan liabilities by the successor of all Plan liabilities employer, and the successor will Employer shall have all of the powers, duties duties, and responsibilities of the Employer under the Plan.

Appears in 1 contract

Samples: Adoption Agreement (Novo Nordisk a S)

Time is Money Join Law Insider Premium to draft better contracts faster.