Common use of Deferred Compensation and ERISA Clause in Contracts

Deferred Compensation and ERISA. Neither the Borrower nor any other Loan Party or any ERISA Affiliate, has any employee pension benefit plan (as defined in Section 3(2) of ERISA) subject to Title IV of ERISA nor maintains any employee welfare benefit plan (as defined in Section 3(l) of ERISA) that primarily provide for health and welfare benefits to retired employees or other former employees (other than as required by Section 601 of ERISA).

Deferred Compensation and ERISA. Neither the Borrower nor any other Loan Party or any ERISA Affiliate, has Affiliate maintains any employee pension benefit plan (as defined in Section 3(2) of ERISA) subject to Title IV of ERISA nor maintains any employee welfare benefit plan (as defined in Section 3(l) of ERISA) that primarily provide provides for health and welfare benefits to retired employees or other former employees (other than as required by Section 601 et seq. of ERISA).