Examples of Buyer Savings Plan in a sentence

Each Transferred Employee who is eligible to contribute to the Seller’s contribution plan (the “Seller Savings Plan”) on the Closing Date shall be eligible to contribute to the Buyer Savings Plan commencing on the day after the Closing Date.
The Buyer shall use commercially reasonable efforts to cause the Transferred Employees to be permitted to roll over their account balances (including loan balances) from the Seller Savings Plan accrued through the Closing Date into their new accounts under the Buyer Savings Plan promptly after the Closing Date, but in no event later than ninety (90) days after the Closing Date or in contravention of ERISA or the Code.
Buyer and the Company shall take such actions as may be required to effect the assignment of such loans by the trustee(s) of the Company Savings Plans to the trustee or funding agent of the Buyer Savings Plan.
All Transferred Employees will be eligible to participate in the Buyer Savings Plan.
If the Company permits Transferred Employees to elect distributions, Buyer will cause the Buyer Savings Plan to accept a direct rollover of the portion of a Transferred Employee's distribution which constitutes an eligible rollover distribution, including any outstanding loans and related promissory notes.

More Definitions of Buyer Savings Plan

Buyer Savings Plan shall have the meaning set forth in Section 5.5(g).

Buyer Savings Plan has the meaning set forth in Section 6.2(b)(2).

Buyer Savings Plan has the meaning set forth in 14.3.

Buyer Savings Plan has the meaning specified in Section 9.1(h)(i).

Buyer Savings Plan has the meaning set forth in Section 7.02(c).

Buyer Savings Plan has the meaning set forth in Exhibit 6.5.

Buyer Savings Plan means any tax-qualified defined contribution plan that is maintained by Buyer or any of its Affiliates. “Buyer Stock” means the common stock, par value $0.001 per share, of Buyer.