Benefit Agreement. “Company Benefit Agreement” shall mean each management, employment, severance, consulting, relocation, repatriation or expatriation agreement or other Contract between any of the Acquired Corporations or any Company Affiliate and any Company Associate, other than any such Contract with a Company Associate that is terminable “at will” without any material obligation on the part of the applicable Acquired Corporation or Company Affiliate to make any payments or provide any benefits in connection with such termination, except for any payments of benefits accrued before such termination.
Benefit Agreement. Benefit Agreement" shall mean each management, employment, severance, change in control, consulting, relocation, repatriation or expatriation agreement or other Contract between the Company or Purchaser (as applicable) or any Affiliate of the Company or Purchaser (as applicable) and any Associate of the Company or Purchaser (as applicable), including the Retention Arrangements, other than any such Contract with an Associate of the Company or Purchaser (as applicable) that is terminable "at will" without any obligation on the part of the Company or Purchaser (as applicable) or Affiliate of the Company or Purchaser (as applicable) to make any payments or provide any benefits in connection with such termination.
Benefit Agreement. If any of the above or the attachments thereto are not in accordance with your understanding of our settlement, please let me know immediately. Sincerely, s/Xxxxxxx X. Xxxxxxx Xxxxxxx X. Xxxxxxx Director and Chief Negotiator Attachment AGREEMENT THIS AGREEMENT made and entered into this first day of September, 1952, by and between Pacific Gas and Electric Company, hereinafter referred to as Company, and Local Union No. 1245 of International Brotherhood of Electrical Workers (affiliated with the American Federation of Labor-Congress of Industrial Organizations), hereinafter referred to as Union, WITNESSETH that:
Benefit Agreement. If any of the above or the attachments thereto are not in accordance with your understanding of our settlement, please let me know immediately.
Benefit Agreement. During the six year period prior to the date hereof, neither the Company nor any Commonly Controlled Entity has sponsored, maintained, contributed to or been obligated to sponsor, maintain or contribute to, or has any actual or contingent liability under, any benefit plan that is subject to Title IV of ERISA or Section 412 of the Code or is otherwise a defined benefit pension plan or is a plan described in Section 3(40) of ERISA or Section 413 of the Code. With respect to any Company Welfare Plan or any Company Benefit Agreement that is an employee welfare benefit plan, (A) no such Company Welfare Plan or Company Benefit Agreement is funded through a “welfare benefits fund” (as such term is defined in Section 419(e) of the Code), (B) each such Company Welfare Plan and Company Benefit Agreement that is a “group health plan” (as such term is defined in Section 5000(b)(1) of the Code) materially complies with the applicable requirements of Section 4980B(f) of the Code and any applicable similar state or local Law and (C) to the knowledge of the Company, each such Company Welfare Plan and Company Benefit Agreement (including any such plan or agreement covering retirees or other former employees) may be amended or terminated without material liability to the Company on or at any time after the Effective Time. No Company Welfare Plan or Company Benefit Agreement that is an employee welfare benefit plan as defined under ERISA Section 3(1) provides benefits to, or on behalf of, any former employee after the termination of employment except (1) where the full cost of such benefit is borne entirely by the former employee (or his eligible dependents or beneficiaries), (2) where the benefit is required by Section 4980B of the Code, or (3) during the limited period provided under executive retention agreements and employee retention agreements that are Company Benefit Agreements.
Benefit Agreement. “Benefit Agreement” shall mean any (1) employment, deferred compensation, change in control, severance, termination, loan, indemnification or similar Contract between the Company or any of its subsidiaries, on the one hand, and any Company Personnel, on the other hand, (2) any Contract between the Company or any of its subsidiaries, on the one hand, and any Company Personnel, on the other hand, the benefits of which are contingent, or the terms of which are materially altered, upon the occurrence of a transaction involving the Company of the nature contemplated by this Agreement, (3) any trust or insurance Contract or other agreement to fund or otherwise secure payment of any compensation or benefit to be provided to any Company Personnel, or (4) any amendment of or modification to or agreement to amend or modify any of the Contracts of the type referred to in clauses (1), (2) or (3).
Benefit Agreement. The Committee shall provide to each Executive within 60 days of the later of the date of execution of the Plan or the date the employee first became an Executive a form of benefit agreement, which shall set forth the Executive's acceptance of the benefits provided hereunder and his/her agreement to be bound by the terms of the Plan.
