Standalone Plan definition
Standalone Plan means any Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to solely by one or more of the members of the Company Group and in which solely Business Employees are participants.
Standalone Plan means each Plan in which only current or former Business Employees, or any of their beneficiaries or dependents, participate or are eligible to participate.
Standalone Plan means any Employee Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to solely by one or more of the Acquired Companies and in which solely Business Employees are participants.
Examples of Standalone Plan in a sentence
None of the Company Benefit Plans is a Standalone Plan and, except as set forth on Schedule 2.13(a), neither the Seller nor any other member of the Company Group has any Liabilities under, or with respect to, any Company Benefit Plan.
Additionally, if the Company pursues a Modified Standalone Plan following the Board’s vote on the Committee Recommendation(s), the Board will as promptly as practicable (in no event more than two (2) business days later) take such action necessary to appoint ▇▇▇▇ ▇.
None of the Benefit Plans is a Standalone Plan and, except as set forth on Schedule 2.13(a), the Acquired Subsidiaries have no Liabilities under, or with respect to, any Benefit Plan.
More Definitions of Standalone Plan
Standalone Plan means any plan of reorganization for the Debtors or any of them that does not include a settlement of Estate Claims against CEC or its affiliates and instead provides for the Debtors to reorganize as a separate enterprise and establish a litigation trust or other means to pursue Estate Claims for the benefit of the Debtors’ or their creditors.