DSS 401(k) Plan definition

DSS 401(k) Plan means the 401(k) plan maintained or sponsored by Seller for the benefit of the Employees.
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Examples of DSS 401(k) Plan in a sentence

  • No later than the day immediately preceding the Closing Date, the board of managers, sole member, or equivalent governing body of Seller shall have adopted resolutions to terminate the DSS 401(k) Plan effective as of the day immediately preceding the Closing Date (or such other date as the Parties may mutually agree), and Seller shall provide Purchaser with evidence of such board resolutions.

  • Upon such termination, Seller shall take all actions necessary to effect the termination of the DSS 401(k) Plan in accordance with its terms, Applicable Law and the requirements of the Code and ERISA, including filing any required notices with applicable Governmental Authorities (these actions, together with the resolutions to terminate the DSS 401(k) Plan, the “Termination Actions”).

  • Seller shall be solely responsible for all Liabilities arising from or relating to the DSS 401(k) Plan, including any Liabilities arising from or relating to the termination thereof, and such Liabilities shall constitute Excluded Liabilities.

  • To Seller’s knowledge, nothing has occurred that would adversely affect the qualified status of the DSS 401(k) Plan or the exempt status of such trust.