Employee Benefit Plans and Benefit Arrangements. MTIX has provided to AIC copies of all existing Employee Benefit Plans and all such Employee Benefit Plans are listed on Schedule 3.12.
Employee Benefit Plans and Benefit Arrangements. MPC has provided to DPW copies of all existing Employee Benefit Plans and all such Employee Benefit Plans are listed on Schedule 3.12.
Employee Benefit Plans and Benefit Arrangements. (i) The term "
Employee Benefit Plans and Benefit Arrangements. (A) Section 8.3(A)1. shall apply to the Employee Plan that is the Profit Sharing Plan, Section 8.3(A)2. shall apply to Employee Plans and Benefit Arrangements other than the Profit Sharing Plan, and Section 8.3(A)3. shall apply to the actions agreed to in Sections 8.3(A)1. and 8.3(A)2. herein.
Employee Benefit Plans and Benefit Arrangements. The Company has provided the Purchaser copies of all existing Employee Benefit Plans and all such Employee Benefit Plans are listed on Schedule 4.15.
Employee Benefit Plans and Benefit Arrangements. (a) Schedule 3.19(a) identifies each Employee Plan. The Company has made available prior to the date of this Agreement to Purchaser true, correct and complete copies of the Employee Plans (and, if applicable, related trust agreements) and all amendments thereto, together with the three most recent annual reports (Form 5500 including audited financial statements and, if applicable, Schedule B thereto) and, if applicable, the most recent actuarial valuation report prepared in connection with any Employee Plan.
Employee Benefit Plans and Benefit Arrangements. Schedule 3.17 sets forth a list of all Employee Benefit Plans and Benefit Arrangements applicable to Seller. There are no unfunded obligations relating to any Employee Benefit Plan or Benefit Arrangement. Each Employee Benefit Plan and Benefit Arrangement (and each related trust, insurance contract or fund) complies in form and in operation with all applicable laws.
Employee Benefit Plans and Benefit Arrangements. (a) Section 4.12 of the Company Disclosure Schedule includes a complete list of all employee benefit plans, programs, and other arrangements providing incentive compensation or benefits to any employee or former employee or beneficiary or dependent thereof, whether or not written, and whether covering one person or more than one person, sponsored or maintained by the Company or its subsidiary or to which the Company or its subsidiary contributes or is obligated to contribute ("Employee Benefit Plans") and all Employee Benefit Arrangements. Without limiting the generality of the foregoing, the term "Employee Benefit Plans" includes all employee welfare benefit plans within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended, and the regulations thereunder ("ERISA") and all employee pension benefit plans within the meaning of Section 3(2)
Employee Benefit Plans and Benefit Arrangements. Set forth on Schedule 3.2.14 is a list and brief description of all Employee Benefit Plans and all material Benefit Arrangements. With respect to each of those Employee Benefit Plans and Benefit Arrangements, the Company has, to the extent applicable, delivered to the Purchasers copies of: (a) all plan and related trust documents (including amendments): (b) the most recent summary plan description and the most recent annual report and actuarial report; and (c) the most recent determination letter from the Internal Revenue Service; no event has occurred for which, and there exists no condition or set of circumstances under which, to the best of the knowledge of the Company, the Company or any of its Subsidiaries or any Pension Plan could be subject to any material liability under Section 502 of ERISA or Section 4975 of the Internal Revenue Code of 1986 (the "Code"). With respect to each such Employee Benefit Plan and Benefit Arrangement: (x) the Company and each of its Subsidiaries are in compliance in all material respects with the terms of the Employee Benefit Plan or Benefit Arrangement and with the requirements prescribed by all applicable statutes, orders and governmental rules and regulations, including, but not limited to, ERISA and the Code; (y) each Pension Plan intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the Internal Revenue Service with respect to such qualification; its related trust has been determined to be exempt from taxation under Section 501(a) of the Code; and nothing has occurred that would adversely affect such qualification or exemption; and (z) there are no actions, qualification or exemption; and (z) there are no actions, proceedings or investigations (other than routine claims for benefits) pending or, to the best of the knowledge of the Company, threatened in respect of any Employee Benefit Plan or Benefit Amount.
Employee Benefit Plans and Benefit Arrangements. It is the intention of the parties that employees of the Company or its subsidiaries shall receive credit for past service with the Company or any of its subsidiaries for eligibility and vesting purposes with respect to any employee benefit plans, programs or practices of Parent in which such employees are eligible to participate after the Closing Date; provided that such credit shall be provided only to the extent that such past service was recognized under the Benefit Plans of the Company in effect immediately prior to the Closing Date. Notwithstanding the foregoing, prior service credit will not be provided under any employee benefit plans and programs or practices of the Parent which are equity-based plans and programs, including the Company Plans; provided that the parties acknowledge that the terms of any Options assumed by Parent shall be treated as provided in Section 2.6 hereof.
