definiens: ( within the meaning of Section 401 ( a)(3 ) of the Code, inclusive of loans ), in the form of cash or n otes ( in the case of loans ), in an amount equal to the full account balance distributable to such Transferred Employee from the 401(k ) plan maintained by Sellers to the B uyer 401(k ) Plan . ( g ) Immediately prior to the Closing, ( i ) Seller s shall transfer all of the obligations and liabili ties of any Code Section 125 flexible spending plan maintained by Sellers ( the ) attributable to the Transferred Employees and their dependents and bene ficiaries to a Code Section 125 flexible spending p lan maintained or to be established by Buyer or one of its Affiliates ( the ) and ( ii ) the Buyer 125 Plan shall credit each such Transferred Employee ’s flexible spending account with the balance so trans ferred . Each Transferred Employee eligible to participate in the Buyer 125 Plan shall be permitted to continue his or her election in effect under the Sellers 125 Plan for the remain der of the calendar year in which the Closing Date occurs, subject to the limitation on contributions contained in the Sellers 125 Plan, and Buyer shall, or cause its Af filiates to, honor any such election, and the Buyer 125 Plan shall hon or any claims incurred by a Transferred Employee du ring such calendar year that would otherwise be an eligible e xpense under the Sellers 125 Plan, whether or not s uch expense was incurred before, on or after the Closing Date