Seller Welfare Plan definition

Seller Welfare Plan has the meaning set forth in Section 6.05.
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Seller Welfare Plan has the meaning set forth in Section 8.2.3(a).
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Seller Welfare Plan has the meaning set forth in Section 8.2(c)(i).
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Examples of Seller Welfare Plan in a sentence

  • Any restrictions on coverage for pre-existing conditions or requirements for evidence of insurability under the Buyer Welfare Plans shall be waived for Transferred Employees, and Transferred Employees shall receive credit under the Buyer Welfare Plans for co-payments and payments under a deductible limit made by them and for out-of-pocket maximums applicable to them during the plan year of the Seller Welfare Plan in accordance with the corresponding Seller Welfare Plans.

  • As soon as practicable after the Closing Date, Seller shall deliver to Buyer a list of the Transferred Employees who had credited service under a Seller Welfare Plan, together with each such Transferred Employee's service, co-payment, deductible and out-of-pocket payment amounts under such plan.

  • As soon as practicable after the Closing Date, Seller shall deliver to Buyer a list of the Transferred Employees who had credited service under a Seller Welfare Plan, together with each such Transferred Employee's service, co-payment amounts, and deductible and out-of-pocket limits under such plan.

  • All claims incurred under a Seller Welfare Plan for Non-Union Transferred Employees and their beneficiaries and dependents at or after the Closing shall be the responsibility of Buyer or its Affiliates.

  • Sellers and their Affiliates shall be responsible for providing benefits in respect of claims incurred under a Seller Welfare Plan for Transferred Employees, and their beneficiaries and dependents prior to the Applicable Transfer Time.

  • Seller and the Retained Subsidiaries shall be responsible for providing benefits in respect of claims incurred under a Seller Welfare Plan for Continuing Employees and their beneficiaries and dependents prior to the Closing Date.

  • Buyer shall (or shall cause its Affiliates to) waive all limitations as to pre-existing conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the Transferred Employees under any health and welfare plans in which such Transferred Employees are eligible to participate at or after the Applicable Transfer Time to the extent that such limitations were waived under the applicable Seller Welfare Plan.

  • There may be specific reporting requirements at the local, regional, or state level pertaining to releases of this material US State Regulations California Proposition 65This product does not contain any Proposition 65 chemicalsU.S. State Right-to-Know Regulations This product is subject to U.S. State Right-to-know regulations as noted below.

  • Seller and its Affiliates shall be responsible for providing benefits in respect of claims incurred under a Seller Welfare Plan for Transferred Employees and their eligible beneficiaries and dependents prior to the Applicable Transfer Time.

  • The Employees shall be entitled to apply deductibles and out-of-pocket payments expended for covered medical and dental expenses under the Seller Welfare Plans in the plan year in which the Closing Date occurs to the deductibles and out-of-pocket maximums under the Buyer Welfare Plans for the Buyer's plan year which ends with or after the plan year of the Seller Welfare Plan.


More Definitions of Seller Welfare Plan

Seller Welfare Plan has the meaning set forth in Section 6.11(g). “Side Agreement” has the meaning set forth in Section 8.2(l).
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Seller Welfare Plan is defined in Section 4.14(e) of this Agreement.
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Seller Welfare Plan. Section 3.1.4 "Seller's Counsel" Section 5.7.2 "Seller's CPA" Section 3.1.2.A "Taxes" Section 2.4.9 "Third Party Claim" Section 6.4.2 "Welfare Plan" Section 3.1.4 "1999 Audited Statements" Section 3.1.2.A(ii)
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Seller Welfare Plan means any Welfare Plan maintained by Seller or any ERISA Affiliate or to which Seller or any ERISA Affiliate is required to contribute for any current or former employees, or that was maintained by Seller or any ERISA Affiliate, or with respect to which Seller or any ERISA Affiliate has or had an obligation to contribute, at any time during the current calendar year or any of the seven preceding calendar years.
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Seller Welfare Plan shall have the meaning set forth in Section 5.9(f).
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Seller Welfare Plan is defined in Section 7.11(c).
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Related to Seller Welfare Plan

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Health and Welfare Plans means any plan, fund or program which was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including PPO, EPO and HDHP coverages), dental, prescription, vision, short-term disability, long-term disability, life and AD&D, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA.

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

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

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

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

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

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

  • Child welfare agency means a child-placing agency, child-caring institution or independent foster

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller or any ERISA Affiliate.

  • 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.

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

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • 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 Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • 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”.

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

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • 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).

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Buyer Plans has the meaning set forth in Section 6.02(b).