Purchaser Benefit Plan definition

Purchaser Benefit Plan has the meaning set forth in Section 8.7(d).

Purchaser Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Purchaser or any of its Subsidiaries or with respect to which Purchaser or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

Purchaser Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Purchaser or any of its Affiliates or with respect to which Purchaser or any of its Affiliates is a party or has any liability to and in which any Transferred Employee, or any beneficiary thereof, is or becomes eligible to participate or derive a benefit on or after the Closing Date.

Examples of Purchaser Benefit Plan in a sentence

• Neither the Shareholders nor the Company nor any officer, director, employee, agent or representative of the Company shall make any communication to employees of the Company regarding any Purchaser Benefit Plan or any compensation or benefits to be provided after the Closing Date without the advance approval of the Purchaser, unless required by applicable Law.

• Purchaser and its Affiliates shall be responsible for all medical, dental, vision, life insurance, accidental death and dismemberment, and prescription drug claims incurred by the Transferred Employees (or their eligible dependents) on or after the applicable Transition Date that are covered by an applicable Purchaser Benefit Plan.

• With respect to each Transferred Employee who, as of their Transition Date, is in the process of undergoing a relocation, Purchaser shall, or shall cause its Affiliates to, provide relocation benefits under the applicable Purchaser Benefit Plan at the expense of Purchaser or its Affiliates.

More Definitions of Purchaser Benefit Plan

Purchaser Benefit Plan means any Plan to which the Purchaser or any Affiliate is a party, or with respect to which the Purchaser or any Affiliate has any Liabilities or that are maintained, contributed to or sponsored by the Purchaser or any Affiliate, in each case for the benefit of any current or former employees, directors or independent contractors of the Purchaser or any Affiliate and/or their spouses, dependents or beneficiaries.

Purchaser Benefit Plan means any Employee Benefit Plan maintained by the Purchaser or any of its Affiliates.

Purchaser Benefit Plan means any “employee benefit plan” within the meaning of Section 3(3) of ERISA (whether or not subject to ERISA) and any employment, retention, profit-sharing, bonus, stock option, stock purchase, restricted stock and other equity- or equity-based, incentive, deferred compensation, severance, termination or other benefit plan, program, policy, agreement or arrangement sponsored, maintained or contributed to by Purchaser or any of its Subsidiaries or any of their respective ERISA Affiliates, other than any Multiemployer Plan.

Purchaser Benefit Plan means each Employee Benefit Plan that is maintained, administered or contributed to by Purchaser or its Affiliates in respect of the operation of the Facility after the Closing and that covers the Transferred Employees or any other employees of Purchaser or any of its Affiliates similarly situated to the Transferred Employees.

Purchaser Benefit Plan means any Benefit Plan that is or will be contributed to or required to be contributed to, or sponsored or maintained by Purchaser or any of its Subsidiaries or Affiliates or under which Purchaser or any of its Subsidiaries or Affiliates has any Liability, including any Benefit Plan that is established, adopted or entered into pursuant to Section 5.4.

Purchaser Benefit Plan is defined in Section 7.13(d).

Purchaser Benefit Plan means each employee benefit plan that is maintained, administered or contributed to by Purchaser or its Affiliates in respect of the Business after the Closing or that covers the Transferred Employees, Union Employees or any other employees of Purchaser or any of its Affiliates similarly situated to the Transferred Employees or Union Employees.