Service Credit
Description
This AI field captures a purchaser’s agreement to credit certain continuing target employees for past service for the purposes of eligibility and vesting in employee benefit plans post-closing. This AI field also captures a purchaser’s agreement to recognize prior amounts paid by such employees for the purposes of determining deductibles, co-payments, out-of-pocket maximums, etc. under any welfare benefit plans in which such employees may be enrolled post-closing.
Jurisdiction
- Canada (Alberta, British Columbia, Ontario, and Quebec)
- United States (California, Delaware, Florida, Missouri, New York, Pennsylvania, Texas, and Washington)
Document Types
- 52% M&A Purchase Agt
- 26% Equity Related Agt
- 20% M&A Supplemental Agt
- 2% Other
Tags
- M&A Deal Points (Public Target)
Language
- 100% English