Common use of Required Contributions Clause in Contracts

Required Contributions. On or prior to the Closing Date, Sellers shall make, or shall cause to be made, all contributions (including without limitation, all employer matching or other contributions and employee salary reduction contributions) to and payments from any Seller Benefit Plan in respect of any Company Employees (except those distributions to be made from a trust qualified under Section 401(a) of the Code) that pursuant to the Seller Benefit Plans or in accordance with Sellers' past practice and in the ordinary course, become due or would normally be paid prior to the Closing Date.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Westborn Service Center, Inc.), Stock Purchase Agreement (Cooper Tire & Rubber Co)