Seller Benefit Plans definition

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

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

Seller Benefit Plans shall have the meaning ascribed thereto in Section 5.13(a) hereof.

Examples of Seller Benefit Plans in a sentence

• True, correct, and complete copies of all Seller Benefit Plans, including all amendments thereto have been made available to Buyer.

• A true, complete and correct copy or, in the case of any unwritten Seller Benefit Plan a summary of material terms, of each of the Seller Benefit Plans, in each case as in effect on the date of this Agreement, has been made available to Buyer.

• Except as otherwise expressly set forth in this Article ‎VI, the Seller Group shall - 57 - assume or retain, and indemnify and hold harmless Parent and its Affiliates (including the Company) in respect of, all assets and Liabilities related to Seller Benefit Plans that are not Company Benefit Plans.

• Seller and its Affiliates shall retain all Liabilities for all medical, dental, vision, life insurance, accidental death and dismemberment, and prescription drug claims incurred by the Transferred Employees or their eligible dependents prior to the applicable Transition Date that are covered by the applicable Seller Benefit Plans.

• Nothing contained in any of the Seller Benefit Plans will obligate Buyer to provide any benefits to employees, former employees or beneficiaries of employees or former employees, or to make any contributions to any plans from and after the Closing.

More Definitions of Seller Benefit Plans

Seller Benefit Plans shall have the meaning as set forth in Section 4.15(a) of the Agreement.

Seller Benefit Plans has the meaning set forth in Section 6.9(c).

Seller Benefit Plans shall have the meaning ascribed thereto in Section 4.11(a) hereof.

Seller Benefit Plans has the meaning set forth in Section 3.11 of this Agreement.

Seller Benefit Plans means the plans, programs, arrangements and agreements set forth on Schedule 4.17 that are identified on such Schedule as a Seller Benefit Plan.

Seller Benefit Plans all (i) employee welfare benefit plans or employee pension benefit plans as defined in sections 3(1) and 3(2) of ERISA, including plans, programs or arrangements that provide retirement income or result in deferrals of income by employees for periods extending to their terminations of employment or beyond, and plans that provide medical, surgical or hospital care benefits or benefits in the event of sickness, accident, disability, death or unemployment and (ii) other employee benefit agreements or arrangements that are not ERISA plans, including any deferred compensation plans, incentive plans, bonus plans or arrangements, stock option plans, stock purchase plans, stock award plans, golden parachute agreements, severance pay plans, dependent care plans, cafeteria plans, employee assistance programs, scholarship programs, retention incentive agreements, vacation policies and, or other similar plans, agreement or arrangements that (a) are maintained by any Seller, any ERISA Affiliate or any of its Related Persons for the benefit of Affected Employees or Purchased Subsidiary Employees, (b) have been approved by any Seller, any ERISA Affiliate or any of its Related Persons but are not yet effective for the benefit of Affected Employees, Purchased Subsidiary Employees or their respective beneficiaries, or (c) were previously maintained by any Seller, any ERISA Affiliate or any of its Related Persons for the benefit of the Affected Employees, Purchased Subsidiary Employees or their respective beneficiaries and with respect to which, in each case, any Seller, any ERISA Affiliate or any of its Related Persons may have any liability, contingent or otherwise. However, “Seller Benefit Plans” shall not include any agreements between any Seller and any Affected Employees pursuant to which such Seller has agreed to pay Affected Employees any compensation in consideration of their services rendered in connection with the sale of the Assets or the Business (“Transaction Bonuses”).

Seller Benefit Plans is defined in Section 5.13(a).