Assumed Deferred Compensation Plans definition
Examples of Assumed Deferred Compensation Plans in a sentence
The Buyer shall, or shall cause an Affiliate to, administer the Assumed Deferred Compensation Plans from and after the Closing in accordance with their respective terms.
There are no material claims or disputes pending, or to the Knowledge of the Seller, threatened with respect to any Assumed Plan, other than claims for benefits in the ordinary course of business and, or to the Knowledge of the Seller, none of the Assumed Deferred Compensation Plans are the subject of a governmental or regulatory audit, investigation or formal inquiry.
The Sellers shall reimburse the Buyer for 50% of any Unvested Assumed Deferral Amounts paid by the Buyer or its Affiliates pursuant to the Assumed Deferred Compensation Plans, with such reimbursements to be paid on an annual basis promptly following receipt by the Sellers of a written request from the Buyer for payment, which request will include all supporting documentation for determination of such payment.