M&A Qualified Beneficiary definition

M&A Qualified Beneficiary shall have the meaning specified in Treasury Regulation Section 54.4980B-9.

M&A Qualified Beneficiary has the meaning set forth in Section 6.6.

M&A Qualified Beneficiary has the meaning ascribed to it in Section 10.1.

Examples of M&A Qualified Beneficiary in a sentence

• For the avoidance of doubt, any employees of Seller and their beneficiaries who are covered or are eligible for group health continuation coverage under the Seller Medical Plans immediately prior to the Effective Time shall be an M&A Qualified Beneficiary for purposes of this Section 7.4(h) Seller will cause the Seller Medical Plans to terminate effective and the end of the Coverage Period and thereafter Seller Medical Plan shall have no further obligations to provide group health continuation coverage.

• The Seller shall be liable for the provision of notices and continuation coverage for each individual who is or becomes an "M&A Qualified Beneficiary" (as such term is defined in Treas.

• For the maximum period that any M&A Qualified Beneficiary is eligible for COBRA Coverage, the Seller shall maintain, or cause its ERISA Affiliates to maintain, a “group health plan,” within the meaning of Section 5500 of the Code, to provide COBRA Coverage to each such M&A Qualified Beneficiary in accordance with Section 4980B of the Code and Sections 601 through 608 of ERISA.

• Notwithstanding the foregoing, a person will not be considered an M&A Qualified Beneficiary if (i) such person’s COBRA continuation coverage expired or was terminated prior to the Closing or (ii) such person had not made a COBRA continuation coverage election and the period of time for making a COBRA continuation coverage election (as set forth in Section 4980B(f) (5) of the Tax Code and regulations thereunder) has expired.

• Buyers acknowledge and agree that Buyers 85 shall be solely liable, and that neither Seller nor any of their Affiliates shall have any obligation or liability, for providing continuation coverage under and complying with COBRA with respect to any Buyer Employee (or any dependent thereof who is not an M&A Qualified Beneficiary prior to the Closing) whose “qualifying event” (as defined under COBRA) occurs after the Closing.

More Definitions of M&A Qualified Beneficiary

M&A Qualified Beneficiary means an individual whose qualifying event occurred prior to or in connection with the transactions contemplated by this Agreement and who is, or whose qualifying event occurred in connection with, a covered employee whose last employment prior to the qualifying event was with Performance Packaging.

M&A Qualified Beneficiary means an M&A qualified beneficiary as such term is defined in Treas. Reg. § 54.4980B-9, Q/A(4).

M&A Qualified Beneficiary has the meaning set forth in Section 4.1(m)(x).

M&A Qualified Beneficiary means an “M&A qualified beneficiary” as defined in Treasury Regulation § 54.4980B-9 (or successor regulation).

M&A Qualified Beneficiary. (as defined in Treas. Reg. Section 54.4980B09) as a result of, or in connection with, the consummation of the transactions contemplated by this Agreement.

M&A Qualified Beneficiary means an individual whose COBRA qualifying event occurred prior to or in connection with the transactions contemplated by this Agreement and who is, or whose COBRA qualifying event occurred in connection with, a covered employee whose last employment prior to the COBRA qualifying event was in connection with the Business with a Relevant Employer.

M&A Qualified Beneficiary means an individual whose COBRA qualifying event occurred prior to the US Transfer Date.