Common use of Employee Benefit Plans; Employment Agreements Clause in Contracts

Employee Benefit Plans; Employment Agreements. (a) Section 2.11 of the Company Disclosure Schedule lists all "Pension Plans" (as defined in Section 3(2) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA")), all employee welfare benefit plans (as defined in Section 3(1) of ERISA), and all other bonus, stock option, stock purchase, incentive, deferred compensation, supplemental retirement, severance and other similar fringe or employee benefit plans, policies, programs, agreements or arrangements (including those which contain change of control or pending change of control or similar provisions), written or otherwise, as amended, modified or supplemented, for the benefit of, or relating to, any former or current employee, officer, director or consultant (or any of their beneficiaries) of the Company or any subsidiary of the Company, as well as each plan with respect to which the Company, a subsidiary or any other entity (whether or not incorporated) which is a member of a controlled group, including the Company, or which is under common control with the Company within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001(a)(14) or (b) of ERISA (a "Company ERISA Affiliate") could incur liability under Section 4980B of the Code or Part 6 of Subtitle B of Title I of ERISA (hereinafter, "COBRA"), Title IV of ERISA or Section 412 of the Code (together, for the purposes of this Section 2.11, the "Company Employee Plans") that are maintained in the United States (the "U.S.") or cover primarily U.S. employees. Section 2.11 of the Company Disclosure Schedule lists all Company Employee Plans maintained outside the U.S. and covering primarily non-U.S. employees (each, a "Non-U.S. Company Plan"), provided that any such plan, agreement or arrangement described in Section 2.11(d) of this Agreement shall be listed only if it is (x) an employment agreement with any of the three most highly compensated officers or employees of the Company or any subsidiary having an annual salary in excess of $100,000, (y) a plan, program, agreement, policy or arrangement of the Company which contains one or more change-in-control provisions which could result in an increase in the amount of compensation or benefits or accelerate the vesting or timing of payment of any benefits or compensation payable in respect of any non-U.S. Company employee or (z) a severance plan, program, policy or agreement which provides nonstatutory benefits. The Company has made available for inspection by Parent prior to the date of this Agreement, copies of (i) each written Company Employee Plan (or a written description of any Company Employee Plan which is not written) and all related trust agreements, insurance and other contracts (including policies), summary plan descriptions, summaries of material modifications and communications distributed to plan participants that are inconsistent with any Company Employee Plan or any provision under any Company Employee Plan or which could result in any additional liability to the Company or such plan (including, but not limited to, any communications that have not expressly reserved the right of the Company to amend, terminate or otherwise modify any Company Employee Plan), (ii) the three most recent annual reports on Form 5500 series, with accompanying schedules and attachments, filed with respect to each Company Employee Plan required to make such a filing, (iii) the most recent actuarial valuation for each Company Employee Plan subject to Title IV of ERISA, (iv) the latest reports which have been filed with the Department of Labor with respect to each Company Employee Plan required to make such filing or that is required to exempt any Company Employee Plan from filing a Form 5500 series annual report and (v) the most recent favorable determination letters issued for each Company Employee Plan and related trust which is intended to be qualified under Section 401(a) of the Code (and, if an application for such determination is pending, a copy of the application for such determination).

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Autotote Corp), Agreement and Plan of Merger (Scientific Games Holdings Corp)

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Employee Benefit Plans; Employment Agreements. (a) Section 2.11 2.11(a) of the Company Disclosure Schedule lists all "Pension Plans" (as defined in Section 3(2) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA")), all employee welfare benefit plans (as defined in Section 3(1) of ERISA), and all other bonus, stock option, stock purchase, incentive, deferred compensation, supplemental retirement, severance and other similar fringe or employee benefit plans, policies, programs, agreements programs or arrangements (including those which contain change of control provisions or pending change of control provisions), and any employment, executive compensation or similar severance agreements (including those which contain change of control provisions or pending change of control provisions), written or otherwise, as amended, modified or supplemented, for the benefit of, or relating to, any former or current employee, officer, director or consultant (or any of their beneficiaries) of the Company or any subsidiary of the Company, as well as each plan with respect to which the Company, a subsidiary or any other entity (whether or not incorporated) which is a member of a controlled group, including the Company, or which is under common control with the Company within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001(a)(14) or (b) of ERISA (a "Company COMPANY ERISA AffiliateAFFILIATE") could incur liability under Section 4980B of the Code or Part 6 of Subtitle B of Title I of ERISA (hereinafter, "COBRA"), Title IV of ERISA or Section 412 of the Code (together, together for the purposes of this Section 2.11, the "Company Employee PlansCOMPANY EMPLOYEE PLANS") that are maintained in the United States (the "U.S.") or cover primarily U.S. employees. Section 2.11 Not later than 30 days after the date of this Agreement, the Company Disclosure Schedule lists shall provide to Merger Sub and Parent a supplemental list (the "SUPPLEMENTAL BENEFITS DISCLOSURE SCHEDULE"), which shall contain the names of all Company Employee Plans maintained outside the U.S. and covering primarily non-U.S. employees (each, a "NonNON-U.S. Company PlanCOMPANY PLAN"), provided PROVIDED that any such plan, agreement or arrangement described in Section 2.11(d) of this Agreement shall be listed only if it is (x) an employment agreement with any of the three most highly compensated officers or employees of the Company in each non-U.S. jurisdiction or any subsidiary having an annual salary in excess of $100,000other material employment agreement, (y) a plan, program, agreement, policy or arrangement of the Company which contains one or more change-in-control provisions which could result in an increase in the amount of compensation or benefits or accelerate the vesting or timing of payment of any benefits or compensation payable in respect of any non-U.S. Company employee or (z) a severance plan, program, policy or agreement which provides nonstatutory benefits. The Except as provided in Section 2.11(d), the Company has made available for inspection by to Parent prior to the date of this Agreement, or, with respect to any Non-U.S. Company Plan other than the Company's International Pension Plan and the defined benefit pension plans maintained in the United Kingdom, Belgium and Germany, not later than 30 days after the date of this Agreement will make available, copies of (i) each such written Company Employee Plan (or a written description of any Company Employee Plan which is not written) and all related trust agreements, insurance and other contracts (including policies), summary plan descriptions, summaries of material modifications and communications distributed to plan participants that are inconsistent with any Company Employee Plan or any provision under any Company Employee Plan or which could result in any additional liability to the Company or such plan (including, but not limited to, any communications that have not expressly reserved the right of the Company to amend, terminate or otherwise modify any Company Employee Plan), (ii) the three most recent annual reports on Form 5500 series, with accompanying schedules and attachments, filed with respect to each Company Employee Plan required to make such a filing, (iii) the most recent actuarial valuation for each Company Employee Plan subject to Title IV of ERISA, (iv) the latest reports which have been filed with the Department of Labor with respect to each Company Employee Plan required to make such filing or that is required to exempt any Company Employee Plan from filing a Form 5500 series annual report and (v) the most recent favorable determination letters issued for each Company Employee Plan and related trust which is intended to be qualified under Section 401(a) of the Code (and, if an application for such determination is pending, a copy of the application for such determination).

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (Raychem Corp)

Employee Benefit Plans; Employment Agreements. (a) Section 2.11 2.11(a) of the Company Disclosure Schedule lists all "Pension Plans" employee pension benefit plans (as defined in Section 3(2) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA")), all employee welfare benefit plans (as defined in Section 3(1) of ERISA), and all other bonus, stock option, stock purchase, incentive, deferred compensation, supplemental retirement, severance and other similar fringe or employee benefit plans, policies, programs, agreements programs or arrangements (including those which contain change of control provisions or pending change of control provisions), and any employment, executive compensation or similar severance agreements (including those which contain change of control provisions or pending change of control provisions), written or otherwise, as amended, modified or supplemented, for the benefit of, or relating to, any former or current employee, officer, director or consultant (or any of their beneficiaries) of the Company or any subsidiary of the Company, as well as each plan with respect to which the Company, a subsidiary or any other entity (whether or not incorporated) which is a member of a controlled group, group including the Company, Company or which is under common control with the Company within the meaning of Section Sections 414(b), (c), (m) or (o) of the Code or Section 4001(a)(144001(a) (14) or (b) of ERISA (a "Company ERISA Affiliate") ), or any subsidiary of the Company, as well as each plan with respect to which the Company or a Company ERISA Affiliate could incur liability under Section 4980B of the Code or Part 6 of Subtitle B of Title I of ERISA (hereinafter, "COBRA"), Title IV of ERISA or Section 412 of the Code (together, together for the purposes of this Section 2.11, the "Company Employee Plans"); provided, however, that a list of (i) that are maintained all Company International Plans (as defined in the United States (the "U.S."Section 2.11(g) or cover primarily U.S. employees. hereof) not currently set forth on Section 2.11 2.11(a) of the Company Disclosure Schedule lists and (ii) all individual employment, incentive or compensation arrangements with non-officers of the Company not currently set forth on Section 2.11(a) of the Company Disclosure Schedule shall be provided by the Company to Beta on Section 2.11(a) of the Supplemental Company Disclosure Schedule. To the Company's knowledge, failure to satisfy its obligations under the Company Employee Plans maintained outside the U.S. referred to in clauses (i) and covering primarily non-U.S. employees (each, a "Non-U.S. Company Plan"), provided that any such plan, agreement or arrangement described in Section 2.11(dii) of this Agreement shall the immediately preceding sentence would not reasonably be listed only if it is (x) an employment agreement with any of the three most highly compensated officers expected, individually or employees of the Company or any subsidiary having an annual salary in excess of $100,000, (y) a plan, program, agreement, policy or arrangement of the Company which contains one or more change-in-control provisions which could result in an increase in the amount of compensation or benefits or accelerate the vesting or timing of payment of any benefits or compensation payable in respect of any non-U.S. Company employee or (z) aggregate, to have a severance plan, program, policy or agreement which provides nonstatutory benefitsMaterial Adverse Effect. The Company has made available for inspection by Parent to Beta, prior to the date of this Agreement, or the Company will make available not later than 30 days after the date of this Agreement, copies of (i) each such written Company Employee Plan (or a written description of any Company Employee Plan which is not written) and all related trust agreements, insurance and other contracts (including policies), summary plan descriptions, summaries of material modifications and communications distributed to plan participants that are inconsistent with any Company Employee Plan or any provision under any Company Employee Plan or which could result in any additional liability to the Company or such plan (including, but not limited to, any communications that have not expressly reserved the right of the Company to amend, terminate or otherwise modify any Company Employee Plan)participants, (ii) the three most recent annual reports on Form 5500 series, with accompanying schedules and attachments, filed with respect to each Company Employee Plan required to make such a filing, (iii) the most recent actuarial valuation for each Company Employee Plan subject to Title IV of ERISA, (iv) the latest reports which have been filed with the Department of Labor with respect to each Company Employee Plan required to make such filing or that is required to exempt any Company Employee Plan from filing a Form 5500 series annual report and (v) the most recent favorable determination letters issued for each Company Employee Plan and related trust which is intended to be qualified under Section 401(a) of the Code (and, if an application for such determination is pending, a copy of the application for such determination). For purposes of this Section 2.11, the term "material," when used with respect to (i) any Company Employee Plan, shall mean that the Company or a Company ERISA Affiliate has incurred or may incur obligations in an amount exceeding $1,250,000 with respect to such Company Employee Plan, and (ii) any liability, obligation, breach or non-compliance, shall mean that the Company or a Company ERISA Affiliate has incurred or may incur obligations in an amount exceeding $750,000, with respect to any one such or series of liabilities, obligations, breaches, defaults, violations or instances of non-compliance.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Amp Inc)

Employee Benefit Plans; Employment Agreements. (a) Section 2.11 of the Company Disclosure Schedule lists "COMPANY EMPLOYEE PLANS" shall mean all "Pension Plansemployee pension benefit plans" (as defined in Section 3(2) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA")), all "employee welfare benefit plans plans" (as defined in Section 3(1) of ERISA), all similar plans maintained outside the United States and not required by applicable law (any non-U.S., non-statutory Company Employee Plan, a "NON-U.S. PLAN") and all other bonus, stock option, stock purchase, incentive, deferred compensation, supplemental retirement, severance and other similar fringe or employee benefit plans, policies, programs, agreements programs or arrangements (including those which contain change of control provisions or pending change of control or similar provisions), written and any employment, executive compensation or otherwiseseverance agreements (including those which contain change of control provisions or pending change of control provisions), whether maintained in the U.S. or a Non-U.S. Plan, as amended, modified or supplemented, maintained or contributed to by the Company or a subsidiary of the Company for the benefit of, or relating to, of any former or current employee, officer, officer or director or consultant (or any of their beneficiaries) of the Company or any a subsidiary of the Company. The term "AFFILIATE PLAN" shall mean any other such plan, as well as each plan program, arrangement or agreement with respect to which the Company, a subsidiary Company or any other entity (whether subsidiary of the Company has or not incorporated) which is would reasonably be expected to have any liability, either as a member of a controlled groupgroup of corporations or trades or businesses, including the Company, or which is as defined under common control with the Company within the meaning of Section 414(b), (c), (m) or (o) 414 of the United States Internal Revenue Code or Section 4001(a)(14) or of 1986, as amenxxx (b) of ERISA (a xxx "Company ERISA Affiliate") could incur liability under Section 4980B of the Code or Part 6 of Subtitle B of Title I of ERISA (hereinafter, "COBRAXXXX"), Title IV xxx xxxxxxxxxx provisions of ERISA ERISA, or Section 412 of by contractual arrangement. Schedule 5.16(a) lists each material Company Employee Plan and each material Affiliate Plan. With respect to each plan included on the Code (together, for the purposes of this Section 2.11Schedule 5.16(a), the "Company shall indicate whether such plan includes an explicit change in control provision. With respect to each Company Employee Plans") that are maintained Plan or Affiliate Plan listed in the United States (the "U.S.") or cover primarily U.S. employees. Section 2.11 of Schedule 5.16(a), the Company Disclosure Schedule lists all Company Employee Plans maintained outside the U.S. and covering primarily non-U.S. employees (each, a "Non-U.S. Company Plan"), has provided that any such plan, agreement or arrangement described in Section 2.11(d) of this Agreement shall be listed only if it is (x) an employment agreement with any of the three most highly compensated officers or employees of the Company or any subsidiary having an annual salary in excess of $100,000, (y) a plan, program, agreement, policy or arrangement of the Company which contains one or more change-in-control provisions which could result in an increase in the amount of compensation or benefits or accelerate the vesting or timing of payment of any benefits or compensation payable in respect of any non-U.S. Company employee or (z) a severance plan, program, policy or agreement which provides nonstatutory benefits. The Company has made available for inspection by to Parent prior to the date of this Agreement, copies of and Merger Sub: (i) each such written Company Employee Plan (or a written description in English of (x) any Company Employee Plan which is not writtenwritten and (y) any Company Employee Plan that provides equity-based benefits or that covers 50 or more participants and is written in a language other than English) and all any related trust agreementsagreement, insurance and other contracts contract (including policiesa policy), if any, the most recently prepared summary plan descriptionsdescription, summaries if any, summary of material modifications the substance of which is not already incorporated in the corresponding summary plan description or Company Employee Plan document, if any, and communications distributed to plan participants that are inconsistent with any Company Employee Plan or any provision under any Company Employee Plan or which could result in any additional liability reasonably be expected to materially modify the Company or such plan (including, but not limited to, any communications that have not expressly reserved the right terms of the Company to amend, terminate or otherwise modify any Company Employee Plan), whether through information actually conveyed in the communication or a failure to convey information; (ii) the three most recent annual reports on Form 5500 seriesseries (or equivalent filing with respect to Non-U.S. Plans), with accompanying schedules and attachments, filed with respect to each Company Employee Plan required to make such a filing, ; (iii) the most recent actuarial valuation valuation, if any, for each Company Employee Plan and Affiliate Plan subject to Title IV of ERISAERISA and for each Non-U.S. Plan, to the extent applicable; (iv) the latest reports reports, if any, which have been filed with the Department of Labor with respect ("DOL") to each Company Employee Plan required satisfy the alternative method of compliance for pension plans for certain selected employees pursuant to make such filing or that is required to exempt any Company Employee Plan from filing a Form 5500 series annual report DOL regulation Section 2520.104-23; and (v) the most recent favorable determination letters issued for each Company Employee Plan and related trust which is intended to be qualified under Section 401(a) of the Code (and, if an application for such determination is pending, a copy of the application for such determination).

Appears in 1 contract

Samples: Stock Purchase Agreement and Plan of Merger (Ontario Teachers Pension Plan Board)

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Employee Benefit Plans; Employment Agreements. (a) Section 2.11 2.11(a) of the Company Disclosure Schedule lists all "employee pension benefit plans" ("Pension Plans" ") (as defined in Section 3(2) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA")), all "employee welfare benefit plans plans" (as defined in Section 3(1) of ERISA), and all other bonus, stock option, stock purchase, incentive, deferred compensation, supplemental retirement, severance and other similar fringe or employee benefit plans, policies, programs, agreements programs or arrangements (including those which contain change of control provisions or pending change of control provisions), and any employment, executive compensation or similar severance agreements (including those which contain change of control provisions or pending change of control provisions), written or otherwise, as amended, modified or supplemented, that is currently or was previously maintained or contributed to for the benefit of, or relating to, any former or current employee, officer, director or consultant (or any of their beneficiaries) of the Company or any subsidiary of the Company, as well as each plan with respect to which the Company, a subsidiary or any other entity (whether or not incorporated) which is a member of a controlled group, group including the Company, Company or which is under common control with the Company within the meaning of Section Sections 414(b), (c), (m) or (o) of the Code or Section 4001(a)(144001(a) (14) or (b) of ERISA (a "Company ERISA Affiliate") ), as well as each plan with respect to which the Company or a Company ERISA Affiliate could incur any liability under Section 4980B of the Code or Part 6 of Subtitle B of Title I of ERISA (hereinafter, "COBRA"), Title IV of ERISA or Section 412 of the Code (together, together for the purposes of this Section 2.11, the "Company Employee Plans") that are maintained in the United States (the "U.S.") or cover primarily U.S. employees. Section 2.11 of the Company Disclosure Schedule lists all Company Employee Plans maintained outside the U.S. and covering primarily non-U.S. employees (each, a "Non-U.S. Company Plan"), provided that any such plan, agreement or arrangement described in Section 2.11(d) of this Agreement shall be listed only if it is (x) an employment agreement with any of the three most highly compensated officers or employees of the Company or any subsidiary having an annual salary in excess of $100,000, (y) a plan, program, agreement, policy or arrangement of the Company which contains one or more change-in-control provisions which could result in an increase in the amount of compensation or benefits or accelerate the vesting or timing of payment of any benefits or compensation payable in respect of any non-U.S. Company employee or (z) a severance plan, program, policy or agreement which provides nonstatutory benefits. The Company has made available for inspection by to Parent prior to the date of this Agreement, Agreement copies of (i) each such written Company Employee Plan (or a written description of any Company Employee Plan which is not written) and all related trust agreements, insurance and other contracts (including policies), summary plan descriptions, summaries of material modifications and communications distributed to plan participants that are inconsistent with any Company Employee Plan or any provision under any Company Employee Plan or which could result in any additional liability to the Company or such plan (including, including but not limited to, to any communications that have not expressly reserved the right of the Company to amend, terminate or otherwise modify any Company Employee Plan), ; (ii) the three most recent annual reports on Form 5500 series, with accompanying schedules and attachments, filed with respect to each Company Employee Plan required to make such a filing, ; (iii) the most recent actuarial valuation for each Company Employee Plan subject to Title IV of ERISA, (iv) the latest reports which have been filed with the Department of Labor with respect to each Company Employee Plan required to make such filing or that is required to exempt any Company Employee Plan from filing a Form 5500 series annual report filing; and (viv) the most recent favorable determination letters issued for each Company Employee Plan and related trust which is intended to be qualified under Section 401(a) of the Code (and, if an application for such determination is pending, a copy of the application for such determination).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Innerdyne Inc)

Employee Benefit Plans; Employment Agreements. (a) Section 2.11 of the The Company Disclosure Schedule lists (i) all "Pension Plans" employee benefit plans (as defined in Section 3(23(3) of the United States Employee Retirement Income Security Act of 1974, as amended ("ERISA"))) that is maintained or sponsored by the Company, any ----- trade or business (whether or not incorporated) which is a member of a controlled group including the Company or which is under common control with the Company (an "ERISA Affiliate") within the meaning of Section 414 of the Code, or --------------- any Subsidiary of the Company, and (ii) any other benefit arrangement, obligation or other practice, whether or not legally enforceable, to provide benefits, other than salary, as compensation for services rendered, to one or more present or former employees, directors, agents, or independent contractors that is maintained by the Company or to which the Company contributes or for which the Company has or may have any liability, contingent or otherwise, either directly or as a result of an ERISA Affiliate including, without limitation, all employee welfare benefit plans (as defined in Section 3(1) of ERISA), and all other bonus, stock option, stock purchase, incentive, deferred compensation, supplemental retirement, severance severance, incentive arrangement, sick leave, vacation pay, salary continuation, consulting or other compensation arrangements, worker's compensation, stock option, stock grant or stock purchase plans, medical insurance, life insurance, tuition reimbursement programs or scholarship programs, any plans subject to Section 125 of the Code, and any plans providing benefits or payments in the event of a change of ownership or control and other similar fringe or employee benefit plans, policiesprograms or arrangements, programs, agreements and any employment or arrangements (including those which contain change of control executive compensation or pending change of control severance policies or similar provisions)agreements, written or otherwise, as amended, modified or supplemented, for the benefit of, or relating to, any employee or former or current employee, officer, director or consultant (or any of their beneficiaries) of the Company or any subsidiary employee of the Company, as well as each plan with respect to which the Company, a subsidiary Company or any other entity (whether or not incorporated) which is a member of a controlled group, including the Company, or which is under common control with the Company within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001(a)(14) or (b) of an ERISA (a "Company ERISA Affiliate") Affiliate could incur liability under Section 4980B of the Code 4069 (if such plan has been or Part 6 of Subtitle B of Title I were terminated) or Section 4212(c) of ERISA (hereinaftertogether, the "COBRAEmployee Plans"), Title IV of ERISA or Section 412 excluding former -------------- agreements under which the Company has no remaining obligations and any of the Code (together, for the purposes of this Section 2.11, the "Company Employee Plans") foregoing that are required to be maintained in the United States (the "U.S.") or cover primarily U.S. employees. Section 2.11 of by the Company Disclosure under the laws of any foreign jurisdiction. The Company Schedule lists all Company Employee Plans maintained outside the U.S. and covering primarily non-U.S. employees (eachplan documents, a "Non-U.S. Company Plan"), provided that any such plan, agreement or arrangement described in Section 2.11(d) of this Agreement shall be listed only if it is (x) an employment agreement with any of the three most highly compensated officers or employees of the Company or any subsidiary having an annual salary in excess of $100,000, (y) a plan, program, agreement, policy or arrangement of the Company which contains one or more change-in-control provisions which could result in an increase in the amount of compensation or benefits or accelerate the vesting or timing of payment of any benefits or compensation payable in respect of any non-U.S. Company employee or (z) a severance plan, program, policy or agreement which provides nonstatutory benefits. The Company has made available for inspection by Parent prior to the date of this Agreement, copies of (i) each written Company Employee Plan (or a written description of any Company Employee Plan which is not written) and all related trust agreements, insurance brochures, summaries, policies and other contracts (including policies), summary plan descriptions, summaries of material modifications and communications distributed Form 5500s related to plan participants the Employee Plans that have been provided or have been made available to Parent. The plans marked on the Company Schedule as "Qualified Plans" are the only Employee Plans that are inconsistent with any Company Employee Plan or any provision under any Company Employee Plan or which could result in any additional liability to the Company or such plan (including, but not limited to, any communications that have not expressly reserved the right of the Company to amend, terminate or otherwise modify any Company Employee Plan), (ii) the three most recent annual reports on Form 5500 series, with accompanying schedules and attachments, filed with respect to each Company Employee Plan required to make such a filing, (iii) the most recent actuarial valuation for each Company Employee Plan subject to Title IV of ERISA, (iv) the latest reports which have been filed with the Department of Labor with respect to each Company Employee Plan required to make such filing or that is required to exempt any Company Employee Plan from filing a Form 5500 series annual report and (v) the most recent favorable determination letters issued for each Company Employee Plan and related trust which is intended to be qualified under Section meet the requirements of 401(a) of the Code (anda "Qualified Plan"). The Company does not sponsor, if an application for such determination is pendingmaintain or have any liability with respect to, a copy and to the knowledge of the application for such determination)Company, the Company has never maintained or contributed, to any other Qualified Plan.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Zany Brainy Inc)

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