Seller Defined Benefit Plans definition

Seller Defined Benefit Plans has the meaning given in Section 12.03(g) below.
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Seller Defined Benefit Plans means the Anchor Glass Container Corporation Service Retirement Plan, the Pension Plan for Hourly Employees of Xxxxxxxxx Glass Company and Associated Companies, the Anchor Glass Container Corporation Retirement Plan for Salaried Employees, and the Retirement Plan for Salaried Employees of Xxxxxxxxx Glass Company and Associated Companies.
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Seller Defined Benefit Plans has the meaning given in Section 2.8(h).
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Examples of Seller Defined Benefit Plans in a sentence

  • Service of the Transferred U.S. Employees recognized under the Seller Defined Benefit Plans as of the date such individuals become Transferred U.S. Employees shall be credited to the Transferred U.S. Employees as eligibility and vesting service (but not as credited service) under any defined benefit pension programs contributed to or maintained by Buyer and its Affiliates for which a Transferred U.S. Employee may be eligible.

  • Xxxxxxx Polymer shall fully vest (or shall cause its Affiliates to fully vest) all Transferred U.S. Employees in their accrued benefits under the Seller Defined Benefit Plans as of the date such individuals become Transferred U.S. Employees.

  • New Anchor shall be entitled to receive from Seller, within a reasonable time after the Closing Date, such pertinent data or information as New Anchor may reasonably require to determine the service and accrued benefits (or account balances, as the case may be) of participants and former participants in the Seller Defined Benefit Plans and the Seller Defined Contribution Plans.

  • The PBGC shall not have terminated all of the Seller Defined Benefit Plans.

  • Seller and Seller Sub agree to follow such directions from Buyer and to complete and make effective all actions directed by Buyer relating to the Seller Defined Benefit Plans.

  • As of the Transfer Date, any Transferred --------------------- Employee who is a participant in the retirement plan of Seller ("Defined Benefit Plans"), shall cease to accrue benefits under the Defined Benefit Plans.

  • Consumers or New Anchor shall have received written assurance from the PBGC that the PBGC will not terminate the Seller Defined Benefit Plans after the Closing Date solely by reason of the assumption of such Plans by New Anchor nor by reason of the transactions contemplated by this Agreement.

  • Buyer shall be entitled to receive from Seller, within a reasonable time after the Closing Date, such pertinent data or information as Buyer may reasonably require to determine the service and accrued benefits (or account balances, as the case may be) of participants and former participants in the Seller Defined Benefit Plans and the Seller Defined Contribution Plans.


More Definitions of Seller Defined Benefit Plans

Seller Defined Benefit Plans has the meaning set forth in Section 6.5(c).
Sample 1
Seller Defined Benefit Plans means the Anchor Glass Container Corporation Service Retirement Plan, the Pension Plan for Hourly Employees of Latchford Glass Company and Associated Companies, the Anchor Glass Container Corporation Retirement Plan for Salaried Employees, and the Retirement Plan for Salaried Employees of Latchford Glass Company and Associated Companies.
Sample 1

Related to Seller Defined Benefit Plans

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

  • Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA.

  • 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).

  • 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.

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

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (i) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (ii) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

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

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

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

  • 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.

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

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

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

  • 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.

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

  • 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.

  • 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.

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

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • 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;

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

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).