Designated Plans definition
Examples of Designated Plans in a sentence
Executive is not required to execute this Agreement as a condition of continued employment; rather, Executive is entering into this Agreement to enjoy the substantial additional payments and benefits available under the Plan and the Designated Plans (as hereinafter defined).
Benefits under all Designated Plans are as represented in the governing instruments provided pursuant to (i) above, and have not been increased subsequent to the date as of which documents have been provided.
Savings Plan and the ▇▇▇▇▇ ▇▇▇▇▇▇ Consulting Group Savings Plan (the "Designated Plans"), and at or prior to the Closing, the Company will provide evidence reasonably satisfactory to WORK that all such liabilities have been paid and discharged.
PCA agrees to take all necessary steps at or prior to the Closing to terminate effective as of the Closing, the following Designated Plans (as disclosed on SCHEDULE 3.1(o)): (i) the 1986 Incentive Stock Option Plan, (ii) the 1986 Non-Qualified Stock Option Plan and (iii) the 1993 Stock Option Plan.
Executive is not required to execute this Agreement as a condition of continued employment; rather, Executive is entering into this Agreement to enjoy the substantial additional payments and benefits available under the Severance Plan and the Designated Plans (as hereinafter defined).
Benefits under all Designated Plans are as represented in the governing instruments provided pursuant to Section 3.15.3 above, and have not been increased subsequent to the date as of which documents have been provided.
Schedule 3.13(a) of the Disclosure Schedule identifies each of the Designated Plans that is subject to Section 302 or Title IV of ERISA or Section 412 of the Internal Revenue Code of 1986, as amended (the "Code").
Buyer shall have no obligation to assume or be responsible in any way for any Designated Plans (as defined in Section 3.13(a)).
Seller shall cause the Target Entities, as of the Closing Date, to terminate the Target Entities' participation in each Designated Plan, including the termination of, and release from, any further funding obligations and to withdraw the Target Entities as plan administrators and/or named fiduciaries for all clams for benefits made, and all claims for benefits incurred but not reported, under any Designated Plans as of the Closing Date.
Immediately subsequent to the Effective Time, except for this Agreement, there will be no agreements, contracts, leases, arrangements or other understandings (either written or oral) between the Shareholders, on the one hand, and the Surviving Corporation, on the other, except for benefits pursuant to Designated Plans listed on the schedules hereto and wages in the ordinary course of business.