Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the “401(k) Plan”), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, or to any predecessor-in-interest of Company or the Company Subsidiaries to the extent such service is currently given credit under the existing Company 401(k) plan) for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan, and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan (the “Cash Balance Plan”) under the terms thereof, subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall not recognize a Company Employee’s past service with Company or any Company Subsidiary or any predecessor-in-interest of Company or the Company Subsidiaries for any purpose under the Cash Balance Plan. Therefore, each Company Employee shall be eligible for participation, as a new employee, in the Cash Balance Plan pursuant to the terms thereof. Each Company Employee shall be eligible for access to Xxxxx Fargo’s retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo’s retiree medical benefit.
Employee Retirement Benefit Plans. As of the Benefits Conversion Date, each Company Employee shall be eligible to participate in the Wells Fargo 401(k) Plan (the "401(k) Xxxx") and the Wells Fargo Cash Balance Plan (the "Cxxx Xalance Plan"), subject to any eligibility requirements applicable to such plans after taking into account paragraph 8(d) hereof. As of the Benefits Conversion Date, each Company Employee shall be eligible for access to Wells Fargo's retiree medical benefit xxxxram, subject to any eligibility requirements applicable to such benefit after taking into account paragraph 8(d) hereof.
Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the "401(k) Plan"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries, to the extent credited under the Company's defined contribution Plan, for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan), and shall enter the 401(k) Plan as of the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan ("Cash Balance Plan") under, subject to any eligibility requirements applicable to the Cash Balance Plan (with full credit for years of past service to Company and the Company Subsidiaries, to the extent credited under the Company's defined contribution plan, for the purpose of satisfying any eligibility and vesting periods applicable to the Cash Balance Plan and with respect to calculating compensation credits under the Cash Balance Plan), and shall enter the Cash Balance Plan as of the Benefits Conversion Date. Each Company Employee shall be eligible for access to Xxxxx Fargo's retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo's retiree medical benefit.
Employee Retirement Benefit Plans. Set forth on Schedule 3.19 is a list and brief description of each employee pension benefit plan maintained by the Company, or to which the Company is obligated to contribute. The Company is in compliance in all material respects with all applicable Laws relating to employee benefit plans.
Employee Retirement Benefit Plans. Each First Place Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the "401(k) Plan"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to First Place and the First Place Subsidiaries for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k)Plan ), and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each First Place Employee shall be eligible for participation in the Xxxxx Fargo Cash Balance Plan subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall recognize a First Place Employee's past service with First Place and any First Place Subsidiary for all purposes under the Cash Balance Plan. Each First Place Employee shall be eligible for access to Xxxxx Fargo's retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with First Place and the First Place Subsidiaries for the purpose of eligibility to access Xxxxx Fargo's retiree medical benefit.
Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the "401(k) Plan"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan), and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible to participate in the Xxxxx Fargo Cash Balance Plan (the "Cash Balance Plan") subject to any eligibility requirements applicable to the Cash Balance Plan. Xxxxx Fargo shall not recognize a Company Employee's past service with Company or any Company Subsidiary for any purpose under the Cash Balance Plan. Therefore, each Company Employee shall be eligible for participation, as a new employee, in the Xxxxx Fargo Cash Balance Plan pursuant to the terms thereof.
Employee Retirement Benefit Plans. Each Prime Employee shall be eligible to participate in the Wellx Xxxgo 401(k) Plan (the "401(k) Plan"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Prime and the Prime Subsidiaries for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan), and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Prime Employee shall be eligible to participate in the Wellx Xxxgo Cash Balance Plan (the "Cash Balance Plan") subject to any eligibility requirements applicable to the Cash Balance Plan. Wellx Xxxgo shall not recognize a Prime Employee's past service with Prime or any Prime Subsidiary for any purpose under the Cash Balance Plan. Therefore, each Prime Employee shall be eligible for participation, as a new employee, in the Wellx Xxxgo Cash Balance Plan pursuant to the terms thereof. Each Prime Employee shall be eligible for access to Wellx Xxxgo's retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Wellx Xxxgo shall recognize years of past service with Prime and the Prime Subsidiaries for the purpose of eligibility to access Wellx Xxxgo's retiree medical benefit.
Employee Retirement Benefit Plans. Each Company Employee shall be eligible to participate in the Xxxxx Fargo 401(k) Plan (the "401(k) Plan"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Company and the Company Subsidiaries for the purpose of satisfying any eligibility and vesting periods applicable to the 401(k) Plan), and shall enter the 401(k) Plan no later than the Benefits Conversion Date. Each Company Employee shall be eligible for participation, as a new employee, in the Xxxxx Fargo Cash Balance Plan pursuant to the terms thereof. Each Company Employee shall be eligible for access to Xxxxx Fargo's retiree medical benefit, subject to any eligibility requirements applicable to such benefit. Xxxxx Fargo shall recognize years of past service with Company and the Company Subsidiaries for the purpose of eligibility to access Xxxxx Fargo's retiree medical benefits.
Employee Retirement Benefit Plans. Each Continued Employee shall be eligible for participation in the Wellx Xxxgo 401(k) Plan (the "401(k) Plan"), subject to any eligibility requirements applicable to the 401(k) Plan (with full credit for years of past service to Sellers to the extent such service was credited in the Sellers 401(k) for the purpose of satisfying any eligibility and vesting periods applicable to 401(k) Plan), and shall enter the 401(k) Plan as soon as administratively practical following the Closing Date. Each Continued Employee shall be eligible to participate in the Wellx Xxxgo Cash Balance Plan (the "Cash Balance Plan") subject to any eligibility requirements applicable to the Cash Balance Plan. Buyer shall not recognize a Continued Employee's past service with Sellers for any purpose under the Cash Balance Plan. Therefore, each Continued Employee shall be eligible for participation in the Cash Balance Plan as a new employee under the terms thereof.
Employee Retirement Benefit Plans. Each Central Employee shall be eligible for participation in the Norwest Savings-Investment Plan (the "SIP"), subject to any eligibility requirements applicable to the SIP (with full credit for years of past service to Central and the Central Subsidiaries for the purpose of satisfying any eligibility and vesting periods applicable to the SIP, to the extent credited under the respective employee retirement benefit plans of Central and the Central Subsidiaries), and shall enter the SIP not later than the first day of the calendar quarter which begins at least 32 days after the Effective Date of the Merger. Each Central Employee shall be eligible for participation, subject to any applicable eligibility requirements (with full credit for years of past service to Central and the Central Subsidiaries, to the extent credited under the respective employee retirement benefit plans of Central and Central Subsidiaries, for the purpose of satisfying any applicable eligibility and vesting periods, but without credit for years of past service to Central and the Central Subsidiaries for purposes of benefit accruals), in the Norwest Pension Plan under the terms thereof and shall enter the Norwest Pension Plan no later than the first day of the calendar quarter which is at least 32 days after the Effective Date of the Merger.
