Common use of Termination of 401(k) Plan Clause in Contracts

Termination of 401(k) Plan. The INT'X.xxx Board of Directors will have passed and not rescinded resolutions satisfactory to Parent's counsel effectively terminating INT'X.xxx's 401(k) Plan immediately prior to the Closing.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Lionbridge Technologies Inc /De/), Agreement and Plan of Reorganization (Jeanty Roger O), Agreement and Plan of Reorganization (Lionbridge Technologies Inc /De/)

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Termination of 401(k) Plan. The INT'X.xxx Company Subsidiaries’, as applicable, Board of Directors will have passed and not rescinded resolutions satisfactory to the Parent's ’s counsel effectively terminating INT'X.xxx's any 401(k) Plan implemented by a Company Subsidiary immediately prior to the Closing, unless otherwise instructed by the Parent prior to the Closing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Transwitch Corp /De)

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