Transferred Plan definition

Transferred Plan has the meaning set forth in Section 2.16(a).

Transferred Plan means a Transferred Entities Benefit Plan of which, as of the Closing, a Transferred Entity or an Affiliate thereof and no Newpark Entity or any Affiliate thereof shall be the sponsoring, adopting or participating employer(s).

Transferred Plan means each Benefit Plan that any Transferred Subsidiary sponsors or maintains as set forth on Section 2.15(a)(i) of the Seller Disclosure Letter.

Examples of Transferred Plan in a sentence

• Effective immediately before the Effective Date, the members of the Parent Group shall relinquish administration of the Group Annuity Contracts with respect to Transferred Plan 19 Participants and shall not be responsible for providing any such administration with respect to such contracts.

• Each Active Xxxxxx Employee shall receive credit for service with the Seller, the Xxxxxx Entities and their Affiliates and predecessors under such employee benefit plans and arrangements of the Purchaser and its Affiliates for purposes of eligibility, vesting and benefit accrual (other than benefit accrual under any pension or retirement plan that is not a Transferred Plan); provided, however, that in no event shall such credit result in the duplication of benefits or the funding thereof.

• Section 5.12.3 of the Disclosure Schedule identifies each Transferred Plan that is not required to be funded under applicable Law.

• Each Incentive Option will have an expiry date that is 3 years from the date of grant (Expiry Date).

• Buyer and the Conveyed Entities shall be solely responsible for all liabilities relating to the amendment or termination of any Transferred Plan after the Closing or any alleged termination of any Transferred Plan in connection with the consummation of the Transactions and shall indemnify and hold harmless the Seller Indemnitees therefrom accordingly.

More Definitions of Transferred Plan

Transferred Plan shall have the meaning set out in Section 7.5(a).

Transferred Plan. Any Business Employee Plan or portion thereof (including any liabilities thereof), as may be transferred to, or retained by, the Companies, the Buyer or any of its Subsidiaries, in accordance with Section 7.4 and Schedule 7.4. "

Transferred Plan means any Benefit Plan that is being transferred from RemainCo to SpinCo as part of the Pre-Closing Reorganization. Each Transferred Plan is listed on Schedule D.

Transferred Plan shall have the meaning set forth in Section 4.23(d).

Transferred Plan means, to the extent set forth in Section 6.8(g) of the Disclosure Schedule if required to be set forth thereon (as it relates to the materiality thereof), any Company Plan sponsored or maintained by the Companies or which will be assumed hereunder by Buyer (including pursuant to Section 6.8(f)) as a result of the transactions contemplated hereby.

Transferred Plan means the Assumed Plans and each Employee Benefit Plan that is sponsored, maintained or entered into by a Transferred Subsidiary (which, for the avoidance of doubt, shall exclude the pension plan arrangements (including all assets, liabilities and obligations thereunder, including the Pforzheim pension) (“U-GmbH”) associated with Nokia Unterstutzungsgesellschaft GmbH).

Transferred Plan means each Employee Plan that is sponsored by a Conveyed Entity and noted on Section 3.17(a) of the Seller Disclosure Schedule as such.