Examples of Seller Retirement Plans in a sentence
For purposes of this Agreement, "Retirement Plan Employees" means the Transferred Employees, the Former Employees (other than Former Employees of the Seller's L&F Division and Former Employees who are continuing to accrue a benefit under the Seller Retirement Plans) and the applicable beneficiaries thereof.
Pension Plan for Salaried Employees who are Employed at Facilities Located in Puerto Rico (the "Seller Retirement Plans").
The amount to be transferred shall be equitably adjusted to take into account benefit payments made from the Seller Retirement Plans to the Retirement Plan Employees after the Closing Date but prior to the date of transfer.
The Sellers shall take, or cause to be taken, all actions necessary or appropriate to (i) ensure that, under the terms of the Seller Retirement Plans, each New Buyer Employee is eligible to receive a distribution from the Seller Retirement Plans as a result of the Closing, consistent with Section 401(a) of the Code, and (ii) remove the Acquired Companies as participating employers in the Seller Retirement Plans effective immediately prior to the Closing.
Employees which was recognized under the Seller Retirement Plans and (B) provide, upon the transfer of assets referred to below, that the benefit liabilities of the Retirement Plans Employees under the Transferee Pension Plans shall in no event be less than their benefit liabilities under the Seller Retirement Plans as of the Closing Date.
The Transferee Pension Plans shall (A) recognize for all purposes thereunder the service of the Retirement Plan Employees which was recognized under the Seller Retirement Plans and (B) provide, upon the transfer of assets referred to below, that the benefit liabilities of the Retirement Plans Employees under the Transferee Pension Plans shall in no event be less than their benefit liabilities under the Seller Retirement Plans as of the Closing Date.
The Sellers shall take, or cause to be taken, all actions necessary to permit the rollover in cash (or outstanding loan promissory notes for participant loans) of account balances (including outstanding loans) of New Buyer Employees from the Seller Retirement Plans to the Buyer 401(k) Plan, at the participants’ election.
Seller will remain solely responsible for, and none of Buyer or its Affiliates will have any Liability under, relating to or arising out of the Seller Retirement Plans.
Notwithstanding Section 7.2, the requirements of this by-law shall apply when anychange to a fence is made after the day on which this by-law came into force.