Benefit Plan Liabilities definition
Examples of Benefit Plan Liabilities in a sentence
In addition, Marathon Petroleum shall indemnify, defend and hold Marathon Oil harmless for indemnity obligations created by the ATCA relating to Benefit Plan Liabilities.
To the extent not attributable to accounts maintained for the Agilent Transferred Employees under the HP Excess Benefit Plan, such HP Excess Benefit Plan Liabilities shall be determined as described in Subsection 3.2(b)(i)(A).
Effective as of the applicable Split Date, the applicable Canadian Pension Plan and other Employee Benefit Plan Liabilities and Assets, shall be transferred in accordance with the procedures set forth in Appendix H.
On or prior to the Distribution Date, (i) Weyerhaeuser shall transfer the Benefit Plan Assets to Newco (or the appropriate member of the Spinco Group or New Benefit Plan (including any related trust)), and (ii) Newco (or the appropriate member of the Spinco Group or New Benefit Plan (including any related trust)) shall assume the Benefit Plan Liabilities, in each case in accordance with the provisions of Section 6.09 of the Transaction Agreement.
Otherwise, such HP Excess Benefit Plan Liabilities shall be equal to the value as of the Distribution Date of the accounts maintained for the Agilent Transferred Employees under the HP Excess Benefit Plan.
The Sellers and/or their ERISA Affiliates shall remain liable for all Seller Benefit Plan Liabilities, regardless of when or how any such liability arose, and regardless of whether any such liability may result in or has resulted in a claim upon the Assets.
The Company has no responsibility or liability with respect to the activities undertaken by any member of the Seller Group (other than the Company or any of their Affiliates), other than with respect to (x) to the extent actually assigned to the Company, the Contributed Assets and the Assigned Insurance Policies, (y) the Credit Agreements and (z) to the extent expressly set forth in this Agreement, the Employment Liabilities and the Benefit Plan Liabilities.
Before the North America Closing Date (or with respect to the China Company, the China Closing Date), Sellers shall take all actions necessary to assume and transfer to Sellers all Retained Benefit Plan Liabilities for which Buyer is not liable under this Agreement.
Effective as of the Closing Date, (i) Weyerhaeuser Canada and Weyerhaeuser Saskatchewan shall transfer the Benefit Plan Assets to Exchangeco Subsidiary; and (ii) Exchangeco Subsidiary shall assume the Benefit Plan Liabilities, in each case in accordance with the provisions of Section 6.09 of the Transaction Agreement.
Employee Benefit Plan, Pension Benefit Plan and Welfare Benefit Plan Liabilities.............................