Examples of Seller Savings Plans in a sentence
Seller shall cause all Acquired Employees to be 100% vested in their benefits under such Seller Savings Plans effective as of the Closing Date.
Except as provided in subsection (c) below, Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.
Except as provided in Section 6.2(b)(v), Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.
Seller shall deliver, or cause to be delivered, to Purchaser such records and data concerning participants in Seller Savings Plans as shall be reasonably satisfactory to Purchaser for purposes of administering its 401(k) plan with respect to Employees whom Purchaser employs after the Closing.
Except as provided in Section 6.2(b)(3), Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.
Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.
Kodak and Seller shall cause to be transferred from the Seller Savings Plans to the Transferee Savings Plans the liability for the account balances of the Savings Plan Employees, together with assets (the form of which shall be agreed to by the parties) the fair market value of which is equal to such liability, and Purchaser shall cause the Transferee Savings Plans to accept such transfers.
Buyer shall cause the Buyer 401(k) Plan to accept from Seller Savings Plans the “direct rollover” of the account balance (including, subject to the next sentence, the in-kind rollover of promissory notes evidencing all outstanding loans) of each Transferred Business Employee who participated in a Seller Savings Plan prior to the Closing Date and who elects such direct rollover in accordance with the terms of Seller Savings Plans and the Code.
Effective as of the Closing Date, Sellers shall take such actions necessary to fully vest each Retained Employee in his or her account balance under the Seller Savings Plans.
Purchasers agree to use commercially reasonable efforts to cause the Purchaser Savings Plan to accept rollovers by Purchaser Employees from the Seller Savings Plans, including promissory notes evidencing all outstanding loans.