Purchaser Plans definition

Purchaser Plans shall have the meaning set forth in Section 6.6(a)(v).

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Purchaser Plans has the meaning set forth in Section 7.3.

Purchaser Plans has the meaning set forth in Section 5.17(b).

Examples of Purchaser Plans in a sentence

• Purchaser shall cause Transferred Employees to be credited with service with the Company for vesting and eligibility under the Purchaser Plans and solely under the Company’s defined benefit plan for benefit accruals with respect to accrued benefit obligations.

• The Purchaser Plans shall not deny Continuing Employees coverage on the basis of pre-existing conditions and shall credit such Continuing Employees for any deductibles and out-of-pocket expenses paid in the year of initial participation in the Purchaser Plans.

• All contributions or premiums required to be made by Purchaser or any of its subsidiaries, as the case may be, under the Terms of each Purchaser Plan or by applicable Laws have been made in a timely fashion in accordance with applicable Laws and the terms of the Purchaser Plans except as would not reasonably be expected to have a Material Adverse Effect on Purchaser.

• The Purchaser shall credit the Transferred Employees and the employees of the Transferred Subs with any amounts paid prior to the Closing Date under any Seller Plan with respect to satisfaction of any applicable deductible amounts and co-payment minimums under any of the Purchaser Plans which provide similar benefits.

• The Purchaser Plans shall not, with respect to any Transferred Employee or any employee of the Transferred Subs, limit or otherwise restrict participation thereunder for reason of any pre-existing condition limitation or waiting period in any such Purchaser Plan.

More Definitions of Purchaser Plans

Purchaser Plans has the meaning set forth in Section 10.10(c).

Purchaser Plans has the meaning ascribed to such term in Section 4.09(d).

Purchaser Plans has the meaning ascribed thereto in paragraph 4.1.23.1;

Purchaser Plans means employee benefit plans, as defined in Section 3(3) of ERISA, or such nonqualified employee benefit or deferred compensation plans, stock option, bonus or incentive plans or other employee benefit or fringe benefit programs that may be in effect generally for employees of Purchaser or its Subsidiaries from time to time.

Purchaser Plans means: (i) all employee benefit plans and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree medical or life insurance, supplemental retirement, severance or other benefit plans, programs or arrangements and all employment, termination, severance or other contracts or agreements, to which the Purchaser or any Purchaser Subsidiary is a party, with respect to which the Purchaser or any Purchaser Subsidiary has any obligation or which are maintained, contributed to or sponsored by the Purchaser or any Purchaser Subsidiary for the benefit of any current or former employee, officer or director of the Purchaser or any Purchaser Subsidiary and (ii) each employee benefit plan for which the Purchaser or any Purchaser Subsidiary has any actual or contingent liability. The Purchaser has made available to the Seller a complete and accurate copy of each Purchaser Plan, including (if applicable) (A) each trust or other funding arrangement related to such Purchaser Plan, and (B) the most recently prepared actuarial report and financial statement for such Purchaser Plan. Neither the Purchaser nor any Purchaser Subsidiary has any legally binding commitment (I) to create, incur material liability with respect to or cause to exist, any other material employee benefit plan, program or arrangement, (II) to enter into any contract or agreement to provide material compensation or material benefits to any individual or (III) to modify, change or terminate any material Purchaser Plan, other than, in each case of clause (I), (II) or (III) above, with respect to a modification, change or termination required by applicable Law or by the terms of any Purchaser Plan, or with respect to the regularly scheduled renewal or extension, in the ordinary course of business consistent with past practice, of any Purchaser Plan.

Purchaser Plans shall have the meaning given in Section 5.4.

Purchaser Plans. As defined in Section 11.4.