FCI USA definition
Examples of FCI USA in a sentence
Employee 401(k) Savings Plan (the “FCI 401(k) Plan”) may elect to roll over his or her account balance (in cash, but including loan promissory notes) to a qualified 401(k) plan that shall be designated by Buyer to accept such roll-overs (the “Buyer 401(k) Plan”) and (ii) make a contribution to the Buyer 401(k) Plan on behalf of the employees of the Business of the amount of the discretionary employer contribution that would have been made by FCI USA, Inc.
Seller shall take all actions required to cause all benefits accrued by all current employees of the Business under the FCI USA, Inc.
Employee Benefits Plan to transfer to such cafeteria plan the excess of the aggregate accumulated contributions made by such employees to their health care spending accounts and dependent care spending accounts under the Flexible Spending Accounts Plan of the FCI USA, Inc.
Retiree Benefits Plan, and Buyer shall assume and discharge all obligations and liabilities of FCI USA, Inc.
Benefit Restoration Plan(s), including the assets held in such trust, and shall assume and discharge all liabilities and obligations of FCI USA, Inc.
Retiree Benefits Plan (collectively, the “Retirees”) which shall contain participation, eligibility, benefit determination and benefit payment provisions that are substantially the same as those currently applicable to the Retirees under the FCI USA, Inc.
Notwithstanding anything herein to the contrary, prior to the Closing Date, Seller shall establish health care spending accounts and dependent care spending accounts for employees of the Business under a cafeteria plan qualifying under Section 125 of the Code, which shall provide benefits substantially the same as those currently provided to such employees under the Flexible Spending Accounts Plan of the FCI USA, Inc.
Without limiting the generality of Section 7.04(d), Buyer’s postretirement welfare benefit plan shall credit all service with FCI USA, Inc.
Employee Benefits Plan, and Seller shall cause the Flexible Spending Accounts Plan of the FCI USA, Inc.