Replacement Benefit Plans definition

Replacement Benefit Plans has the meaning set forth in Section 6.10(e).
Sample 1Sample 2Sample 3
Replacement Benefit Plans. See Section 13.03.
Sample 1

Examples of Replacement Benefit Plans in a sentence

  • The Buyer shall establish or offer retirement income and other benefit plans (the “ Replacement Benefit Plans ”), to be effective at the Effective Time.

  • As of the Effective Date, except as required by Applicable Law, as otherwise provided in this Agreement, or the terms of any NRG Benefit Plan, each GenOn Employee shall cease to participate in, or accrue further benefits under, any NRG Benefit Plan, and shall commence participation in the Replacement Benefit Plans subject to the express terms of such Replacement Benefit Plans.

  • As of the later of (i) the Effective Date and (ii) the expiration of transition services (the latter of being the “Cutoff Date”), GenOn Employees shall cease participation in the NRG Benefit Plans providing health and welfare benefits, and Reorganized GenOn Group shall have in place Replacement Benefit Plans providing health and welfare benefits to the GenOn Employees.

  • The Replacement Benefit Plans shall provide for the Transferred Employees and the unionized Employees, in respect of their employment with the Buyer from and after the Effective Time, benefits and on terms which are materially the same as those provided to or in respect of the Transferred Employees and the unionized Employees immediately prior to the Effective Time under the comparable Employee Plans, and in accordance with the Collective Agreement (in respect of the unionized Employees).

  • As of the Effective Date, except as required by Applicable Law, as otherwise provided in this Agreement [or any other agreement (including in any transition services agreement)], or the terms of any NRG Benefit Plan, each GenOn Employee shall cease to participate in, or accrue further benefits under, any NRG Benefit Plan, and shall commence participation in the Replacement Benefit Plans subject to the express terms of such Replacement Benefit Plans.

Related to Replacement Benefit Plans

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

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

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

  • Company Plans has the meaning set forth in Section 3.13(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Medical benefit plan means a plan established and maintained by a carrier, a voluntary employees' beneficiary association described in section 501(c)(9) of the internal revenue code of 1986, 26 USC 501, or by 1 or more public employers, that provides for the payment of medical benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits, for public employees or elected public officials. Medical benefit plan does not include benefits provided to individuals retired from a public employer or a public employer's contributions to a fund used for the sole purpose of funding health care benefits that are available to a public employee or an elected public official only upon retirement or separation from service.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).