Common use of Employee Benefit Plans and Contracts Clause in Contracts

Employee Benefit Plans and Contracts. (a) Schedule 4.25(a) identifies each "employee benefit plan," as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and all other material written or formal plans or agreements involving direct or indirect compensation (including any employment agreements entered into between the Company and any Employee of the Company, but excluding workers' compensation, unemployment compensation, other government- mandated programs and the Company's salary and wage arrangements) currently or previously maintained, contributed to or entered into by the Company or any ERISA Affiliate thereof for the benefit of any Employee or former Employee under which the Company or any ERISA Affiliate thereof has any present or future obligation or liability (the "Employee Plans"). The Company has provided to Parent true and complete copies of all Employee Plans (and, if applicable, related trust agreements) and all amendments thereto and written interpretations thereof. For purposes of the preceding sentence, "ERISA Affiliate" shall mean any entity which is a member of (A) a "controlled group of corporations," as defined in Section 414(b) of the Code, (B) a group of entities under "common control," as defined in Section 414(c) of the Code or (C) an "affiliated service group," as defined in Section 414(m) of the Code or treasury regulations promulgated under Section 414(o) of the Code, any of which includes the Company. Any Employee Plans which individually or collectively would constitute an "employee pension benefit plan," as defined in Section 3(2) of ERISA, but which are not Multiemployer Plans (collectively, the "Pension Plans"), are identified as such in Schedule 4.25(a). For purposes of this Section 4.25, "Employee" means any common law employee, consultant or director of the Company.

Appears in 2 contracts

Samples: Merger Agreement (Boonton Electronics Corp), Merger Agreement (Wireless Telecom Group Inc)

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Employee Benefit Plans and Contracts. (a) Schedule 4.25(a4.22(a) identifies each "?employee benefit plan," ? as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("?ERISA"?), and all other material written or formal plans or agreements involving direct or indirect compensation (including any employment agreements entered into between the Company and any Employee of the Company, but excluding workers' ? compensation, unemployment compensation, other government- government-mandated programs and the Company's Company?s salary and wage arrangements) currently or previously maintained, contributed to or entered into by the Company or any ERISA Affiliate thereof for the benefit of any Employee or former Employee under which the Company or any ERISA Affiliate thereof has any present or future obligation or liability (the "?Employee Plans"?). The Company has provided to Parent true and complete copies of all Employee Plans (and, if applicable, related trust agreements) and all amendments thereto and written interpretations thereof. For purposes of the preceding sentence, "?ERISA Affiliate" ? shall mean any entity which is a member of (A) a "?controlled group of corporations," ? as defined in Section 414(b) of the Code, (B) a group of entities under "common ?Capital control," ? as defined in Section 414(c) of the Code or (C) an "?affiliated service group," ? as defined in Section 414(m) of the Code or treasury regulations promulgated under Section 414(o) of the Code, any of which includes the Company. Any Employee Plans which individually or collectively would constitute an "?employee pension benefit plan," ? as defined in Section 3(2) of ERISA, but which are not Multiemployer Plans (collectively, the "?Pension Plans"?), are identified as such in Schedule 4.25(a4.22(a). For purposes of this Section 4.254.22, "?Employee" ? means any common law employee, consultant or director of the Company. (b) Each Employee Plan that is intended to be qualified under Section 401(a) of the Code is so qualified and has been so qualified during the period from its adoption to the date hereof, and each trust forming a part thereof is exempt from tax pursuant to Section 501(a) of the Code. The Company does not know of any facts or circumstances that would materially adversely affect such qualification prior to the Closing. The Company has provided Parent with copies of the most recent Internal Revenue Service determination letters with respect to any such Employee Plans. Each Employee Plan has been maintained substantially in compliance with its terms and with the requirements prescribed by any and all statutes, orders, rules and regulations, including, without limitation, ERISA and the Code, which are applicable to such Employee Plans. (c) No Employee Plan constitutes or since the enactment of ERISA has constituted a ?multi employer plan,? as defined in Section 3(37) of ERISA (a ?Multi employer Plan?). (d) Schedule 4.22

Appears in 1 contract

Samples: Merger Agreement (Micronetics Wireless Inc)

Employee Benefit Plans and Contracts. (a) The Company Disclosure Schedule 4.25(a) identifies each "employee benefit plan," as defined in Section 3(21002(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and all other material written or formal plans or agreements involving direct or indirect compensation (including any employment agreements entered into between the Company and any Employee of the Company, but excluding workers' compensation, unemployment compensation, other government- government-mandated programs and the Company's salary and wage arrangements) currently or previously maintained, contributed to or entered into by the Company or any ERISA Affiliate thereof for the benefit of any Employee or former Employee under which the Company or any ERISA Affiliate thereof has any present or future obligation or liability (the "Employee Plans"). The Company has provided to Parent true and complete copies of all Employee Plans (and, if applicable, related trust agreements) and all amendments thereto and written interpretations thereof. For purposes of the preceding sentence, "ERISA Affiliate" shall mean any entity which is a member of (A) a "controlled group of corporations," as defined in Section 414(b) of the Code, (B) a group of entities under "common control," as defined in Section 414(c) of the Code or (C) an "affiliated service group," as defined in Section 414(m) of the Code or treasury regulations promulgated under Section 414(o) of the Code, any of which includes the Company. Any Employee Plans which individually or collectively would constitute an "employee pension benefit plan," as defined in Section 3(2) of ERISA, but which are not Multiemployer Plans (collectively, the "Pension Plans"), are identified as such in Schedule 4.25(a)the Company Disclosure Schedule. For purposes of this Section 4.253.17 and Section 4.17, "Employee" means any common law employee, consultant or director as to Section 3.17 of the Company, and as to Section 4.17, Parent.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Electro Catheter Corp)

Employee Benefit Plans and Contracts. (ai) Section 3.1(u) of the Company Disclosure Schedule 4.25(a) identifies each "employee benefit plan," ", as defined in Section 3(23(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and all other material written or formal plans or agreements involving direct or indirect compensation (including any employment agreements entered into between the Company and any Employee of the CompanyEmployee, but excluding workers' compensation, unemployment compensation, other government- government-mandated programs and the Company's salary and wage arrangements) currently or previously maintained, contributed to or entered into by the Company or any ERISA Affiliate thereof for the benefit of any Employee or former Employee under which the Company or any ERISA Affiliate thereof has any present or future material obligation or liability (the "Employee Plans"). The Company has provided made available to Parent true and complete copies of all Employee Plans (and, if applicable, related trust agreements) and all amendments thereto and written interpretations thereof. For purposes of the preceding sentence, "ERISA Affiliate" shall mean any entity which is a member of (A) a "controlled group of corporations," ", as defined in Section 414(b) of the Code, (B) a group of entities under "common control," ", as defined in Section 414(c) of the Code or (C) an "affiliated service group," ", as defined in Section 414(m) of the Code or treasury regulations promulgated under Section 414(o) of the Code, any of which includes the Company. Any Employee Plans which that individually or collectively would constitute an "employee pension benefit plan," ", as defined in Section 3(2) of ERISA, but which are not Multiemployer Plans (collectively, the "Pension Plans"), are identified as such in Schedule 4.25(a)the Company Disclosure Schedule. For purposes of this Section 4.253.1(u), "Employee" means any common law employee, consultant or director officer of the Company.

Appears in 1 contract

Samples: Merger Agreement (Ivillage Inc)

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Employee Benefit Plans and Contracts. (a) Schedule 4.25(a4.24(a) identifies each "employee benefit plan," as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and all other material written or formal plans or agreements involving direct or indirect compensation (including any employment agreements entered into between the Company and any Employee of the Company, but excluding workers' compensation, unemployment compensation, other government- government-mandated programs and the Company's salary and wage arrangements) currently or previously maintained, contributed to or entered into by the Company or any ERISA Affiliate thereof for the benefit of any Employee or former Employee under which the Company or any ERISA Affiliate thereof has any present or future obligation or liability (the "Employee Plans"). The Company has provided to Parent true and complete copies of all Employee Plans (and, if applicable, related trust agreements) and all amendments thereto and written interpretations thereof. For purposes of the preceding sentence, "ERISA Affiliate" shall mean any entity which is a member of (A) a "controlled group of corporations," as defined in Section 414(b) of the Code, (B) a group of entities under "common control," as defined in Section 414(c) of the Code Code, or (C) an "affiliated service group," as defined in Section 414(m) of the Code or treasury regulations promulgated under Section 414(o) of the Code, any of which includes the Company. Any Employee Plans which individually or collectively would constitute an "employee pension benefit plan," as defined in Section 3(2) of ERISA, but which are not Multiemployer Plans (collectively, the "Pension Plans"), are identified as such in Schedule 4.25(a4.24(a). For purposes of this Section 4.254.24, "Employee" means any common law employee, consultant or director of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Chem International Inc)

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