Transferred Employee Plans definition

Transferred Employee Plans means Seller Benefit Plans in respect of which Liabilities are owed by a Company to its employees or former employees (including the Share Transfer Employees).
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Transferred Employee Plans means those Seller Employee Plans that are (x) established or maintained in accordance with a Collective Labor Agreement that is transferred to the Purchaser or a Designated Purchaser under the terms of Section 7.2, and transferred (or the liabilities of which are transferred) to the Purchaser or Designated Purchaser pursuant to this Agreement or by operation of Law or (y) transferred (or the liabilities of which are transferred) to the Purchaser or Designated Purchaser pursuant to this Agreement or by operation of Law.
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Transferred Employee Plans has such meaning as set forth in Section 5.5(a).
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Examples of Transferred Employee Plans in a sentence

  • Prior to the Effective Time, Parent and the Company shall cooperate in reviewing, evaluating and analyzing Company Benefit Plans with a view towards determining appropriate Transferred Employee Plans.

  • None of the Transferred Employee Plans provides for a deferral of compensation that, due to the consummation of the transaction, will be subject to the taxes imposed by Section 409A of the Code.

  • Seller shall take all actions necessary to transfer the Transferred Employee Plans to Buyer as of the Closing Date and shall satisfy all Liabilities with respect to the Transferred Employee Plans prior to the Closing Date.

  • None of the Transferred Employee Plans are intended to qualify under Sections 401(a) or 501(a) of the Code.

  • Notwithstanding anything to the contrary, Seller shall be solely responsible for all Benefit Liabilities associated with actions or inactions taken by Seller with respect to such Transferred Employee Plans prior to the Closing Date.

  • Prior to the Effective Time, Calando and Insert shall cooperate in reviewing, evaluating and analyzing Calando’s Employee Plans and Insert’s Employee Plans with a view towards determining appropriate Transferred Employee Plans.

  • Seller shall provide Buyer with all information necessary to satisfy any ongoing obligations under the Transferred Employee Plans, including all information necessary or appropriate for Buyer or Parent to offer continuation coverage under COBRA (or similar state law) to those individuals who are qualified beneficiaries (as defined in Treasury Regulation Section 54.4980B-3, Q&A-1) with respect to such Transferred Employee Plans.

  • As of the Agreement Date, there is no pending or, to the Knowledge of Seller, threatened material Action relating to the Transferred Employee Plans, Qualified Plans and Foreign Benefit Plans, except for routine claims for benefits and except as would not reasonably be expected to result in material Liability to the Plastics Business Subsidiaries.

  • All Transferred Employee Plans and all Qualified Plans are in compliance with their terms and applicable Laws (including, if applicable, ERISA and the Code), except as would not be reasonably likely to result in any Liability that is material to the Plastics Business Subsidiaries.


More Definitions of Transferred Employee Plans

Transferred Employee Plans shall have the meaning set forth in Section 2.1(j).
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Transferred Employee Plans means the Benefit Plans expressly assumed (in whole or in part) in writing by Buyer in accordance with Section 2.1(g).
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Transferred Employee Plans in Section 1.1 is amended to delete the reference to “Section 2.1.3(g)” and replace it with a reference to “Section 2.1.3(h)”.
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Related to Transferred Employee Plans

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

  • 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;

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

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

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

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

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

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • 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”.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, 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 maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

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

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Employee Plan means an employee benefit plan (other than a Multiemployer Plan) covered by Title IV of ERISA and maintained (or that was maintained at any time during the six (6) calendar years preceding the date of any borrowing hereunder) for employees of any Loan Party or any of its ERISA Affiliates.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

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

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

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

  • 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.

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • 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.

  • Company Employees shall have the meaning set forth in Section 6.10(a).