Parent 401(k) Plan definition

Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

Parent 401(k) Plan means a defined contribution plan that is sponsored by Parent or one of its Affiliates that is qualified under Section 401(a) of the Code and that includes a qualified cash or deferred arrangement within the meaning of Section 401(k) of the Code.

Parent 401(k) Plan shall have the meaning set forth in Section 4.11(f).

Examples of Parent 401(k) Plan in a sentence

• The Buyer, the Parent and the Company agree to take whatever action, including but not limited to plan amendments and resolutions, to effectuate the transfer of the Transferred Employee’s account balances according to this section from the Parent 401(k) Plan to the Buyer’s 401(k) Plan.

• The Company, the Parent and the Buyer agree that, as soon as practicable after Closing, but in any event within 90 days of the Closing Date, the account balances in the Parent 401(k) Plan of the Transferred Employees shall be transferred to a qualified 401(k) retirement savings plan established by the Buyer (the “Buyer’s 401(k) Plan”) in accordance with Section 414(l) of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations promulgated thereunder.

• After the Effective Time, all outstanding investments in the SpinCo Share Fund under the Parent 401(k) Plan shall be liquidated and reinvested in other investment funds offered under the Parent 401(k) Plan, on such dates and in accordance with such procedures as are determined by the administrator of the Parent 401(k) Plan.

• The SpinCo 401(k) Plan shall assume and honor the terms of all QDROs in effect under the Parent 401(k) Plan in respect of SpinCo Group Employees immediately prior to the Effective Time.

• No later than thirty (30) days following the Effective Time (or such other times as mutually agreed to by the Parties), Parent shall cause the trustee of the Parent 401(k) Plan to transfer from the trust which forms a part of the Parent 401(k) Plan to the SpinCo 401(k) Trust, the account balances of SpinCo Group Employees under the Parent 401(k) Plan, determined as of the date of the transfer.

More Definitions of Parent 401(k) Plan

Parent 401(k) Plan has the meaning set forth in Section 6.2(a) of this Agreement.

Parent 401(k) Plan means any Parent Plan that is a defined contribution plan intended to qualify under Section 401(a) of the Code.

Parent 401(k) Plan has the meaning set forth in Section 10.01.

Parent 401(k) Plan means the MDU Resources Group, Inc. 401(k) Retirement Plan, as in effect or as it may be amended from time to time.

Parent 401(k) Plan has the meaning set forth in Section 3.1(a).

Parent 401(k) Plan means the Varian Medical Systems, Inc. Retirement Plan.

Parent 401(k) Plan means the TEGNA 401(k) Savings Plan.