Common use of Benefit Plan Compliance Clause in Contracts

Benefit Plan Compliance. (i) With respect to each Company Employee Plan and Employee Agreement, no event has occurred and, to the Knowledge of the Company, there exists no condition or set of circumstances, in connection with which the Company or any of its Subsidiaries would be subject to any material liability under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the Code or any other applicable Legal Requirement.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Visual Sciences, Inc.), Agreement and Plan of Reorganization (Visual Sciences, Inc.), Agreement and Plan of Reorganization (Omniture, Inc.)

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Benefit Plan Compliance. (i) With respect to each Company Employee Plan and Employee AgreementBenefit Plan, no event has occurred and, to the Knowledge of the Company, and there exists no condition or set of circumstances, in connection with which the Company or any of its Subsidiaries would be subject to any material liability under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the Code or any other applicable Legal Requirement, which would reasonably be expected to result in material liability to the Company and its Controlled Group Affiliates, taken as a whole.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (McData Corp), Agreement and Plan of Reorganization (Brocade Communications Systems Inc), Agreement and Plan of Merger (Vantagemed Corp)

Benefit Plan Compliance. (i) With respect to each Company Employee Benefit Plan and Company Employee Agreement, no event has occurred and, to the Knowledge of the Company, there exists no condition or set of circumstances, in connection with which the Company or any of its Subsidiaries ERISA Affiliates would be subject to any liability material liability to the Company and its Subsidiaries, taken as a whole, under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the Code or any other applicable Legal Requirement.

Appears in 4 contracts

Samples: Implementation Agreement, Implementation Agreement (Advantest Corp), Implementation Agreement (Verigy Ltd.)

Benefit Plan Compliance. (i) With respect to each Company Employee Plan and Employee AgreementBenefit Plan, no event has occurred and, to the Knowledge of the Company, and there exists no condition or set of circumstances, in connection with which the Company or any of its Subsidiaries would be subject to any material liability under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the Code or any other applicable Legal Requirement.,

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Yak Communications Inc), Agreement and Plan of Merger (Globalive Communications Corp.)

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Benefit Plan Compliance. (i) With respect to each Company Employee Plan and Employee AgreementBenefit Plan, no event has occurred and, to the Knowledge of the Company, and there exists no condition or set of circumstances, in connection with which the Company or any of its Subsidiaries would be subject to any material liability under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), the Code any statute or any other applicable Legal Requirement, which would reasonably be expected to result in material liability to the Company and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Stock Purchase and Option Agreement (Transax International LTD)

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