Examples of Buyer FSA in a sentence
Effective on or as soon as practicable after the Closing, Seller shall transfer the account balances of the U.S. Transferred Employees from the applicable medical and dependent care account plans of Seller and its Affiliates (each, a “Seller FSA Plan”) to the Buyer FSA Plan, and Buyer shall be responsible for the obligations of the Seller FSA Plan to provide benefits to the U.S. Transferred Employees with respect to such transferred account balances at or after the Closing.
Buyer agrees to cause the Buyer FSA to honor and continue through the end of the plan year in which the Employment Start Date occurs the elections made by each Transferred Employee under the Seller FSA in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Employment Start Date.
On and after the Closing Date (or such later date contemplated by the Ancillary Agreements), the Buyer shall assume and be solely responsible for all claims for reimbursement by Continuing Employees, whether incurred prior to, on or after the Closing Date (or such later date contemplated by the Ancillary Agreements), that have not been paid in full as of such date under the Seller FSA Plan, which claims shall be paid pursuant to and under the terms of the Buyer FSA Plan.
If the text amendment is adopted, neither special use permits nor notification to adjacent property owners would be required; persons wanting to establish a community garden would follow the operational requirements listed in the zoning ordinance.
On the Closing Date, the Seller shall transfer or cause to be transferred from the Seller FSA Plans to the Buyer FSA Plans the account balances (whether positive or negative) of such Transferred Employees, and the Buyer shall be responsible for the obligations of the Seller FSA Plans to provide benefits to the Transferred Employees with respect to such transferred account balances at or after the Closing Date, whether or not claims are incurred prior to, on or after the Closing Date.
Buyer shall promptly reimburse Seller for benefits paid by the Seller FSA Plans to any Transferred Employee prior to the Applicable Transfer Time to the extent in excess of the payroll deductions made in respect of such Transferred Employee prior to the Applicable Transfer Time, such reimbursement to be offset by any benefits paid under the Buyer FSA Plan in excess of the related payroll deductions after the Applicable Transfer Time.
Each Transferred Employee shall continue to have payroll deductions made under the Buyer FSA Plan as most recently elected by him or her under the applicable Seller FSA Plan.
One completed work of any nature (either part of (i) or a separate one) costing not less than the amount equal to Rs. 12 crores with some Central Government Department/State Government Department/ Central Autonomous Body/Central or State Public sector undertaking/Kendriya Vidyalaya Sangathan.
The wholesale rate is determined in accordance with the formula set forth in section 10 of this regulation.Sec.
RESOLVED that the Board of Education accepts the recommendation of the Superintendent of Schools and approves Mt. Vernon Avenue School to hire six (6) Culture and Climate Committee members for the 2019 – 2020 school year.