Common use of Employee Benefit Plans; Employee Matters Clause in Contracts

Employee Benefit Plans; Employee Matters. (a) Section 4.14(a)(i) of the Citigroup Disclosure Letter lists each material CAM Benefit Plan other than a CAM Foreign Benefit Plan. Section 4.14(a)(ii) of the Citigroup Disclosure Letter lists each material CAM Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to by the CAM Subsidiaries (the “CAM Subsidiaries Benefit Plans”), other than Non-U.S. CAM Benefit Plans. Each CAM Subsidiaries Benefit Plan is in writing and Citigroup has made available to Xxxx Xxxxx a true and complete copy of each CAM Subsidiaries Benefit Plan that is not a Non-U.S. CAM Benefit Plan and a true and complete copy of the following items (in each case, only if applicable) (i) each trust or other funding arrangement, (ii) each summary plan description and summary of material modifications, (iii) the most recently filed annual reports on the IRS Form 5500 for each such CAM Subsidiaries Benefit Plan, and (iv) the most recently received IRS determination letter for each such CAM Subsidiaries Benefit Plan. Except as disclosed in Section 4.14(a)(iii) of the Citigroup Disclosure Letter, neither the Citigroup Sellers nor any CAM Subsidiary has any express or implied commitment with respect to the CAM Business, (A) to create, incur any material liability with respect to or cause to exist any other employee benefit plan, program or arrangement, (B) enter into any Contract or agreement to provide compensation or benefits to any individual, or (C) to modify, change or terminate any CAM Subsidiaries Benefit Plan, other than with respect to a modification, change or termination required by this Agreement, the Transactions or ERISA, the Code or to otherwise comply with Requirement of Law.

Employee Benefit Plans; Employee Matters. (a) Section 4.14(a)(i5.12(a)(i) of the Citigroup Xxxx Xxxxx Disclosure Letter lists each material CAM Benefit Plan other than a CAM Foreign PC/CM Benefit Plan. Section 4.14(a)(ii5.12(a)(ii) of the Citigroup Xxxx Xxxxx Disclosure Letter lists each material CAM PC/CM Benefit Plan that is sponsored, maintained or contributed to or required to be contributed to by the CAM PC/CM Subsidiaries (the “CAM PC/CM Subsidiaries Benefit Plans”), other than Non-U.S. CAM Benefit Plans. Each CAM PC/CM Subsidiaries Benefit Plan is in writing and Citigroup Xxxx Xxxxx has made available to Xxxx Xxxxx Citigroup a true and complete copy of each CAM PC/CM Subsidiaries Benefit Plan that is not a Non-U.S. CAM Benefit Plan and a true and complete copy of the following items (in each case, only if applicable) (i) each trust or other funding arrangement, (ii) each summary plan description and summary of material modifications, (iii) the most recently filed annual reports on the IRS Form 5500 for each such CAM PC/CM Subsidiaries Benefit Plan, and (iv) the most recently received IRS determination letter for each such CAM PC/CM Subsidiaries Benefit Plan. Except as disclosed in Section 4.14(a)(iii5.12(a)(iii) of the Citigroup Xxxx Xxxxx Disclosure Letter, neither the Citigroup Xxxx Mason Sellers nor any CAM PC/CM Subsidiary has any express or implied commitment with respect to the CAM PC/CM Business, (A) to create, incur any material liability with respect to or cause to exist any other employee benefit plan, program or arrangement, (B) enter into any Contract or agreement to provide compensation or benefits to any individual, or (C) to modify, change or terminate any CAM PC/CM Subsidiaries Benefit Plan, other than with respect to a modification, change or termination required by this Agreement, the Transactions or ERISA, the Code or to otherwise comply with Requirement of Law.