Common use of Termination of Benefit Plans Clause in Contracts

Termination of Benefit Plans. To the extent requested in writing by Parent no later than ten business days prior to the Closing Date, Company shall take (or cause to be taken) all actions necessary or appropriate to terminate, effective no later than the date immediately preceding the Closing Date, any Company Benefit Arrangement that contains a cash or deferred arrangement intended to qualify under Section 401(k) of the Code (the "COMPANY 401(K) PLANS") in accordance with the provisions of the Company 401(k) Plans and Applicable Law. If Parent requests that the Company 401(k) Plans be terminated, the Company's Board of Directors shall adopt resolutions authorizing the termination of the Company 401(k) Plans effective no later than the day immediately preceding the Closing Date.

Termination of Benefit Plans. To the extent requested Unless otherwise notified in writing by Parent no later than ten business days Business Days prior to the Closing Date, Company shall take (or cause to be taken) all actions necessary or appropriate to terminate, effective no later than the date immediately preceding the Closing Date, any Company Benefit Arrangement Plan that contains a cash or deferred arrangement intended to qualify under Section 401(k) of the Code (the "COMPANY 401(K“Company 401(k) PLANS"Plans”) in accordance with the provisions of the Company 401(k) Plans a(which shall be subject to Parent’s reasonable review and Applicable approval) and applicable Law. If Parent requests that In furtherance of the Company 401(k) Plans be terminatedforegoing, the Company's ’s Board of Directors shall adopt resolutions authorizing the termination of the Company 401(k) Plans effective no later than the day immediately preceding the Closing DateDate and the Company shall provide Parent with evidence that such Company 401(k) Plans have been terminated in accordance with such resolutions.

Termination of Benefit Plans. To the extent requested in writing by Parent no later than ten business days prior to the Closing Date, Company shall take (or cause to be taken) all actions necessary or appropriate to terminate, effective no later than the date immediately preceding the Closing Date, any Company Benefit Arrangement that contains a cash or deferred arrangement intended to qualify under Section 401(k) of the Code (the "“COMPANY 401(K) PLANS"”) in accordance with the provisions of the Company 401(k) Plans and Applicable Law. If Parent requests that the Company 401(k) Plans be terminated, the Company's ’s Board of Directors shall adopt resolutions authorizing the termination of the Company 401(k) Plans effective no later than the day immediately preceding the Closing Date.