Compliance With ERISA, Labor Laws. (a) Each Plan complies in form and operation in all material respects with its governing documents and ERISA, the Code and all other applicable Governmental Requirements except where such noncompliance would not have a Material Adverse Effect. CB&I has no commitment or obligation to establish or adopt any new or additional Plans or to Materially increase the benefits under any existing Plan.
Appears in 7 contracts
Samples: Stock Purchase Agreement (Chicago Bridge & Iron Co N V), Shareholder Agreement (Chicago Bridge & Iron Co N V), Stock Purchase Agreement (Chicago Bridge & Iron Co N V)
Compliance With ERISA, Labor Laws. (a) Each Plan complies --------------------------------- in form and operation in all material respects with its governing documents and ERISA, the Code and all other applicable Governmental Requirements Laws except where such noncompliance would not have a Material Adverse Effect. Effect on CB&I. CB&I has no commitment or obligation to establish or adopt any new or additional Plans or to Materially materially increase the benefits under any existing Plan.
Appears in 1 contract
Compliance With ERISA, Labor Laws. (a) Each Plan complies in form and operation in all material respects with its governing documents and ERISA, the Code and all other applicable Governmental Requirements Laws except where such noncompliance would not have a Material Adverse Effect. Effect on CB&I. CB&I has no commitment or obligation to establish or adopt any new or additional Plans or to Materially materially increase the benefits under any existing Plan.
Appears in 1 contract
Samples: Asset Purchase Agreement (Chicago Bridge & Iron Co N V)
