Seller’s Cafeteria definition

Seller’s Cafeteria. Plan”) shall participate in Buyer’s Cafeteria Plan effective as of the Closing Date. During the period from the Closing Date until the last day of the plan year of Seller’s Cafeteria Plan that commenced immediately prior to the Closing Date, Buyer shall continue, or shall cause to be continued, the salary reduction elections made by the Cafeteria Plan Participants as in effect as of the Closing Date, and each Cafeteria Plan Participant shall be entitled to reimbursement from such participant’s flexible spending reimbursement accounts under Buyer’s Cafeteria Plan on the same terms and conditions as would have been applicable to such participant had such participant continued to be employed by Seller during such period. As soon as practicable following the Closing Date, Seller shall cause to be transferred from Seller’s Cafeteria Plan to Buyer’s Cafeteria Plan the excess, if any, of the aggregate accumulated contributions to the flexible spending reimbursement accounts made by Cafeteria Plan Participants prior to the Closing during the year in which the Closing occurs over the aggregate reimbursement payouts paid to the Cafeteria Plan Participants for such year from such accounts. From and after the Closing, Buyer shall assume, or cause to be assumed, and be solely responsible for all unreimbursed claims made by the Cafeteria Plan Participants under Seller’s Cafeteria Plan that were incurred for the plan year of Seller’s Cafeteria Plan that commenced prior to the Closing, or that are incurred anytime thereafter.
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Seller’s Cafeteria. Plan has the meaning set forth in Section 6.03(i).
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Examples of Seller’s Cafeteria in a sentence

  • The Buyer’s Cafeteria Plan shall include medical expense reimbursement accounts and dependent care assistance accounts (described under sections 105, 125 or 129 of the Code) (the “Flex Accounts”) as provided in the Seller’s Cafeteria Plan.

  • Field workers instructed par- ticipants to decant the water through a flannel cloth into the storage vessel and to discard the residue remaining in the preparation vessel somewhere out of reach of animals and children.

  • Seller’s Cafeteria Plan has the meaning set forth in Section 6.03(i).

  • As soon as practicable following the Closing Date, Seller shall cause to be transferred from Seller’s Cafeteria Plan to Buyer’s Flex Plan the excess of the aggregate accumulated contributions to the flexible spending reimbursement accounts made prior to the Closing Date during the year in which the Closing Date occurs by Transferred Employees over the aggregate reimbursement payouts made prior to the Closing Date for such year from such accounts prior to the Closing Date to the Transferred Employees.

  • From and after the Closing, subject to the disclosures set forth above, Buyer shall assume, or cause to be assumed, and be solely responsible for all unreimbursed claims made by the Cafeteria Plan Participants under Seller’s Cafeteria Plan that were incurred for the plan year of Seller’s Cafeteria Plan that commenced prior to the Closing, or that are incurred anytime thereafter.

  • Each bidder is solely responsible for protecting its trade secrets or proprietary information in accordance with these instructions.

Related to Seller’s Cafeteria

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered included in Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Seller 401(k) Plan has the meaning set forth in Section 5.5(e).

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

  • Sellers has the meaning set forth in the preamble.

  • Retained Contracts means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

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

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • Anchor location means the physical location from which:

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Seller’s Representatives means Seller’s accountants, employees, counsel, environmental consultants, financial advisors, and other representatives.

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

  • Seller’s Counsel has the meaning set forth in Section 10.13(a).

  • Buyer’s Representatives has the meaning set forth in Section 6.02.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Buyers has the meaning set forth in the preamble.

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Digital audio-visual work means a series of related images which, when shown in succession, imparts an impression of motion, together with accompanying sounds, if any.

  • Business location means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;

  • Survey Area means the area of land or waters the subject of a Survey, or proposed to be the subject of a Survey.

  • Water Surface Elevation (WSE means the height, in relation to mean sea level, of floods of various magnitudes and frequencies in the floodplains of coastal or riverine areas.

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

  • training course means a course of training or instruction provided wholly or partly by or on behalf of or in pursuance of arrangements made with, or approved by or on behalf of, Skills Development Scotland, Scottish Enterprise, Highlands and Islands Enterprise, a government department or the Secretary of State.

  • Generator Operator means the Person that Operates the Generating Facility and performs the functions of supplying electric energy and interconnected operations services within the meaning of the NERC Reliability Standards.