Examples of Seller Plan in a sentence
Each trust established in connection with any Seller Plan which is intended to be exempt from federal income taxation under Section 501(a) of the Code is so exempt, and no fact or event has occurred that would reasonably be expected to adversely affect the exempt status of any such trust.
No Seller Plan is maintained outside the jurisdiction of the United States or covers any employees or other service providers of any of the Sellers or any of their Subsidiaries who reside or work outside of the United States.
To the extent that any Seller sponsors such plans, such Seller has reserved the right to amend, terminate or modify at any time each Seller Plan that provides retiree or post-employment disability, life insurance or other welfare benefits to any Person.
The amount of the annual bonus paid to each Transferred Employee shall be based upon the target bonus set forth opposite such Transferred Employee’s name on Schedule 5.4(a) and determined by reference to attainment of applicable 2014 employer and individual performance objectives, as determined in accordance with the applicable Seller Plan (disregarding any continued employment obligations that may apply to any such bonuses).
The Sellers shall pay to each Transferred Employee at such time as the 2014 annual bonuses are paid to employees generally in accordance with the applicable Seller Plan, but in no event later than March 15, 2015, such Transferred Employee’s annual bonus for 2014 services.