Examples of Acquired Company Plans in a sentence
Effective as of the Effective Time, all Transferred Employees shall cease to actively participate in all Seller Plans that are not Acquired Company Plans.
Seller shall retain liability for the Seller Plans that are not Acquired Company Plans, including, but not limited to, liability for claims arising in connection with any individual’s employment with Seller and its Affiliates (except for the Seller Plans listed in Section 5.4(c) of the Seller Disclosure Schedule, which Buyer shall assume as to any Transferred Employee).
All of the Acquired Company Plans have been merged into the 401K Plan.
Effective as of the Closing Date, and except as otherwise provided in this Section 10.1, Purchaser and its Subsidiaries (including, as of the Closing Date, the Acquired Companies) shall be solely responsible for any and all Liabilities and obligations arising under, in connection with or in respect of the Acquired Company Plans and neither Seller nor any of its Subsidiaries (other than the Acquired Companies) shall have any responsibility or obligation in respect of any such plan.
To Seller’s knowledge, full payment has been made, or will be made in accordance with Section 404(a)(6) of the Code, of all contributions which any Acquired Company is required to pay under the terms of each of the Acquired Company Plans and Section 412 of the Code.
The Subsidiaries paid all general and administrative expenses of the Acquired Company Plans and in some cases, the Subsidiaries made matching and discretionary contributions to the Acquired Company Plans.
Schedule 3.19 of the Disclosure Schedules lists each material insurance policy (excluding any Acquired Company Plans) maintained by the Acquired Companies on their properties, assets, products, business or personnel (collectively, the "Insurance Policies").
Schedule 4.19 of the Company Disclosure Schedule sets forth a description of all claims in excess of Fifty Thousand Dollars ($50,000) pending under any insurance policy owned or held by any of the Acquired Companies (other than Acquired Company Plans).
Due to the timings stipulated in the Council’s relevant employment policies the appeals panel will be organised directly between the Committee members.
The expense incurred related to the Acquired Company Plans by the Company's subsidiaries was approximately $0.8 million for the year ended December 31, 1999.