Purchaser Plans definition

Purchaser Plans shall have the meaning set forth in Section 6.6(a)(v).

Purchaser Plans has the meaning set forth in Section 7.3.

Purchaser Plans has the meaning set forth in Section 5.17(b).

Examples of Purchaser Plans in a sentence

• The Purchaser Plans shall not deny Transferred Employees coverage on the basis of pre-existing conditions.

• Expenses and benefits with respect to claims incurred by Transferred Employees or their covered dependents under Purchaser Plans on or after the Closing Date shall be the responsibility of Purchaser.

• No later than the Closing Date, Purchasers and/or their applicable Affiliates shall establish Purchaser Plans (as defined below) to the extent necessary to comply with their obligations under this Article VI.

• None of the Purchaser Plans is a "multiemployer pension plan," as such term is defined in Section 3(37) of ERISA, a "multiple employer welfare arrangement," as such term is defined in Section 3(40) of ERISA, or a single employer plan that has two or more contributing sponsors, at least two of whom are not under common control, within the meaning of Section 4063(a) of ERISA.

• Each of the Purchaser Plans that is intended to satisfy the requirements of Section 125 or 501(c)(9) of the Code satisfies such requirements in all material respects.

More Definitions of Purchaser Plans

Purchaser Plans has the meaning set forth in Section 10.10(c).

Purchaser Plans has the meaning ascribed to such term in Section 4.09(d).

Purchaser Plans has the meaning ascribed thereto in paragraph 4.1.23.1;

Purchaser Plans means employee benefit plans, as defined in Section 3(3) of ERISA, or such nonqualified employee benefit or deferred compensation plans, stock option, bonus or incentive plans or other employee benefit or fringe benefit programs that may be in effect generally for employees of Purchaser or its Subsidiaries from time to time.

Purchaser Plans means: (i) all employee benefit plans and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree medical or life insurance, supplemental retirement, severance or other benefit plans, programs or arrangements and all employment, termination, severance or other contracts or agreements, to which the Purchaser or any Purchaser Subsidiary is a party, with respect to which the Purchaser or any Purchaser Subsidiary has any obligation or which are maintained, contributed to or sponsored by the Purchaser or any Purchaser Subsidiary for the benefit of any current or former employee, officer or director of the Purchaser or any Purchaser Subsidiary and (ii) each employee benefit plan for which the Purchaser or any Purchaser Subsidiary has any actual or contingent liability. The Purchaser has made available to the Seller a complete and accurate copy of each Purchaser Plan, including (if applicable) (A) each trust or other funding arrangement related to such Purchaser Plan, and (B) the most recently prepared actuarial report and financial statement for such Purchaser Plan. Neither the Purchaser nor any Purchaser Subsidiary has any legally binding commitment (I) to create, incur material liability with respect to or cause to exist, any other material employee benefit plan, program or arrangement, (II) to enter into any contract or agreement to provide material compensation or material benefits to any individual or (III) to modify, change or terminate any material Purchaser Plan, other than, in each case of clause (I), (II) or (III) above, with respect to a modification, change or termination required by applicable Law or by the terms of any Purchaser Plan, or with respect to the regularly scheduled renewal or extension, in the ordinary course of business consistent with past practice, of any Purchaser Plan.

Purchaser Plans. As defined in Section 11.4.

Purchaser Plans shall have the meaning set forth in Section 6.3.