Benefit Plans definition
Examples of Benefit Plans in a sentence
The Transferred Employees shall, as of the Closing Date, cease to accrue further benefits under the Excluded Benefit Plans and the Excluded Benefit Plan Contracts.
With respect to each Benefit Plan, Contributor has made available a summary of such plan’s material terms and Contributor shall have made available copies of all Transferred Subsidiary Benefit Plans promptly following the establishment of such plans.
The Sellers shall use reasonable commercial efforts, to take all actions and complete all steps as are reasonably necessary or desirable to effect this assignment and assumption of these Assumed Benefit Plans and Assumed Benefit Plan Contracts, including obtaining, prior to the Closing Date, (x) all required third-party consents and authorizations or, (y) causing the Assumed Benefit Plans governing documents to be amended and filed with the applicable Governmental Authorities.
OpCo (and the Operator or any other of its Affiliates, as applicable) shall not assume any of the Excluded Benefit Plans, the Excluded Benefit Plan Contract or Liabilities for accrued benefits or any other Liabilities under or in respect of any of foregoing, whensoever arising, and such Excluded Benefit Plans, Excluded Benefit Plan Contracts and the Liabilities thereunder shall be retained by Partnership Sellers.
The Company is not a party to or bound by, nor does the Company have any liability with respect to, any Benefit Plans other than those listed in Section 3.19(a) of the Disclosure Schedule and other than any statutory plans with which the Company is required to comply.