Seller Savings Plans definition

Seller Savings Plans has the meaning set forth in Section 8.7(d).
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Seller Savings Plans has the meaning set forth in Section 4.15(d).
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Seller Savings Plans has the meaning set forth in Section 6.2(b)(1).
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Examples of Seller Savings Plans in a sentence

  • Seller shall cause all Acquired Employees to be 100% vested in their benefits under such Seller Savings Plans effective as of the Closing Date.

  • Except as provided in subsection (c) below, Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.

  • Except as provided in Section 6.2(b)(v), Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.

  • Effective as of the Closing Date, Sellers shall take such actions necessary to fully vest each Retained Employee in his or her account balance under the Seller Savings Plans.

  • Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.

  • Buyer shall cause the Buyer 401(k) Plan to accept from Seller Savings Plans the “direct rollover” of the account balance (including, subject to the next sentence, the in-kind rollover of promissory notes evidencing all outstanding loans) of each Transferred Business Employee who participated in a Seller Savings Plan prior to the Closing Date and who elects such direct rollover in accordance with the terms of Seller Savings Plans and the Code.

  • Following such transfer, Purchaser shall, or shall cause its Affiliates to, assume all Liabilities of Parent, Sellers and their Affiliates under the Seller Savings Plans to provide benefits to or on behalf of the Retained Employees to the extent of the account balances so transferred, and neither the Seller Savings Plans nor Parent, Sellers or their Affiliates shall have any obligation to Purchaser or any of its Affiliates or with respect to any Retained Employee with respect thereto.

  • Except as provided in Section 6.2(b)(3), Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.

  • Effective as of 12:01 a.m. on the day immediately following the Closing Date, each participant in the Seller Savings Plans (as defined in Section 7.4(b)(i) below) who is hired by Purchaser immediately in connection with this transaction shall (i) cease to be an active participant under each such Seller Savings Plan and (ii) become fully vested in such Seller Savings Plans.

  • Except as provided in Section (g) of this Section 11.2.2, Transferred Employees shall not be entitled to make contributions to or to benefit from matching or other contributions under the Seller Savings Plans on and after the Closing Date.


More Definitions of Seller Savings Plans

Seller Savings Plans are defined in Section 11.2.2(a).
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Seller Savings Plans means the Orion Power Holdings, Inc. Savings Plan and the Reliant Energy, Inc. Savings Plan.
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Seller Savings Plans has the meaning set forth in Section 10.1(m)(i).
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Seller Savings Plans shall have the meaning set forth in ‎Section 5.5(i).
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Seller Savings Plans is defined in Section 7.2.2(a).
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Related to Seller Savings Plans

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each “employee benefit plan,” within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

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

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Old Plans has the meaning set forth in Section 6.8(b).

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller, any Subsidiary or any ERISA Affiliate.

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Company Plans has the meaning set forth in Section 4.10(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Hired Employees has the meaning set forth in Section 6.1(a).

  • Servicer Employees As defined in Section 2.12.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.