Seller Savings Plan definition

Seller Savings Plan has the meaning specified in Section 7.4.

Seller Savings Plan shall have the meaning set forth in Section 5.3(b).

Seller Savings Plan has the meaning set forth in Section 8.2.2(a).

Examples of Seller Savings Plan in a sentence

• The Buyer shall use commercially reasonable efforts to cause the Transferred Employees to be permitted to roll over their account balances (including loan balances) from the Seller Savings Plan accrued through the Closing Date into their new accounts under the Buyer Savings Plan promptly after the Closing Date, but in no event later than ninety (90) days after the Closing Date or in contravention of ERISA or the Code.

• Purchaser agrees to cause the Purchaser Savings Plan to accept rollovers by Transferred Employees from the Seller Savings Plan, including promissory notes evidencing all outstanding loans.

• Effective as of the Closing Date, each Transferred Employee shall become fully vested in his or her account balance in the Seller Savings Plan.

• Purchaser agrees to use reasonable best efforts to cause the Purchaser Savings Plan to accept rollovers by Transferred Employees from the Seller Savings Plan, including promissory notes evidencing all outstanding loans.

• From the dates of the transfers of assets referred to in Sections 7.3 and 7.4, Buyer shall indemnify and hold Sellers and Seller Savings Plan and Seller Pension Plan harmless for any loss that Sellers or said plans may incur in respect of any obligation or liability transferred under Sections 7.3 and 7.4 to the applicable plan of Buyer designated under such Sections.

More Definitions of Seller Savings Plan

Seller Savings Plan means any tax-qualified defined contribution plan that (i) is or has been entered into, maintained, administered or contributed to, as the case may be, by any Seller, the Company or any of their respective Affiliates and (ii) covers any Company Employee.

Seller Savings Plan has the meaning set forth in SECTION 11.4.

Seller Savings Plan shall have the meaning set forth in Section 2.3(a).

Seller Savings Plan has the meaning set forth in Exhibit 6.5.

Seller Savings Plan means the Entergy-Xxxx, XX Retirement and Savings Plan.

Seller Savings Plan means the Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan.

Seller Savings Plan means the Central Xxxxxx Gas & Electric Corporation Savings Incentive Plan, a defined contribution pension plan that is intended to be qualified under the Code for which Central Xxxxxx Gas & Electric Corporation is the sponsor and in which Company Employees participate.