Employee Benefit Plans, Etc. The Company shall (i) maintain each plan and/or each employee benefit plan as to which it may have any liability in substantial compliance with all applicable requirements of law and regulations, and (ii) make all payments and contributions required to be made pursuant to such Plans and/or plans in a timely manner.
Employee Benefit Plans, Etc. (a) Executive shall be entitled during the Employment Period to participate in all retirement, disability, pension, savings, medical, insurance and other plans of the Company generally available to all senior executives (other than any performance based bonus or option (or similar) plans). Executive shall be entitled to paid vacations during each year of his employment consistent with the Company's vacation policy for executive level employees (which shall provide for a least 20 vacation days per year).
Employee Benefit Plans, Etc. For the purposes of determining the percentage portion or fraction of Voting Shares under Section 2.2(a), securities beneficially owned or controlled or directed by an employee plan or related trust sponsored or maintained by the Corporation or its subsidiaries shall not be taken into account in the determination of the numerator but shall be taken into account in the determination of the denominator.
Employee Benefit Plans, Etc. Borrower shall (i) maintain each plan and/or each employee benefit plan as to which it may have any liability in substantial compliance with all applicable requirements of law and regulations; (ii) make all payments and contributions required to be made pursuant to such Plans and/or plans in a timely manner; and (iii) neither establish any new Plan and/or employee benefit plan, agree or contribute to any Plan and/or multi-employer plan nor amend any existing Plan and/or employee pension benefit plan in a manner which would increase its obligation to contribute to such Plan and/or plan.
Employee Benefit Plans, Etc. Securities beneficially owned or controlled or directed by an employee plan or related trust sponsored or maintained by the Corporation or its subsidiaries shall not be taken into account in determining whether the threshold percentage in Section 2.2(a) is exceeded.
Employee Benefit Plans, Etc. (a) The Company has --------------------------- delivered to Parent or Purchaser full and complete copies, or full and complete descriptions in the event any of the following is not in writing, of each bonus, profit sharing, compensation, termination, stock option, stock appreciation right, restricted stock, performance unit, pension, retirement, deferred compensation, employment, severance, termination pay, welfare or other employee benefit agreement, understanding or arrangement, labor agreement, trust plan, fund or other arrangement maintained by or with respect to which the Company or any Subsidiary or any trade or business (whether or not incorporated), that together with the Company would be deemed a "single employer" within the meaning of Sections 414(b), (c), (m) or (o) of the Internal Revenue Code of 1986, as amended (the "Code"), ("ERISA Affiliate") is required to contribute for the benefit or welfare of any director, officer, employee or former employee of the Company, any Subsidiary or any ERISA Affiliate (a "Company Plan"). Each of the Company Plans is, and has been, in material compliance with all applicable laws including the Employee Retirement Income Security Act of 1974, as amended ("ERISA") and the Code. There are no actions, suits or claims pending (other than routine claims for benefits) or any actions, suits or claims (other than routine claims for benefits) which could reasonably be expected to be asserted, against any Company Plan or the assets or fiduciaries of any Company Plan sponsored or maintained by the Company or any of the Subsidiaries or any "employee benefit plan" ("ERISA Plan") as defined in Section 3(3) of ERISA established or maintained by an ERISA Affiliate which would have a Material Adverse Effect on the Company or any of the Subsidiaries or any of its or their assets. The Internal Revenue Service (the "IRS") has determined that each Company Plan that is intended to be a qualified plan under Section 401(a) of the Code is so qualified and the Company is aware of no event or lack of compliance occurring after the date of such determination by the IRS that would adversely affect such determination. Except as previously disclosed to Parent or Purchaser, no condition exists that could subject the Company or any Subsidiary to a material civil penalty under Section 502(i) of ERISA or material liability under Section 4069 of ERISA or 4975 of the Code or the loss of a federal tax deduction under Section 280G of the Code or ot...
Employee Benefit Plans, Etc. Until all the Liabilities are paid in full, the Company shall (i) maintain each employee benefit plan as to which it may have any liability in substantial compliance with all applicable requirements of law and regulations in all material respects, (ii) make all material payments and contributions required to be made pursuant to such plans in a timely manner, and (iii) neither agree nor contribute to any multi-employer plan and/or employee pension benefit plan in a manner that would materially increase its obligation to contribute to such plan.
Employee Benefit Plans, Etc. (i) Schedule 4.1(j)(i) attached hereto sets forth all "employee benefit plans" as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and all other employee benefit arrangements or payroll practices, including, without limitation, bonus plans, consulting or other compensation agreements, incentives, equity or equity-based compensation, or deferred compensation arrangements, stock purchases, severance pay, sick leave, vacation pay, salary continuation for disability, hospitalization, medical insurance, life insurance and scholarship programs (collectively, "Benefit Plans"), in any case, maintained by the Seller, or to which the Seller contributed or is obligated to contribute thereunder for current or former employees of the Seller (the "Plans"). Except as set forth on Schedule 4(j)(i), none of the current or former employees of the Seller participate in any Benefit Plan sponsored or maintained by an ERISA Affiliate. Schedule 4.1(j)(i) separately sets forth those Plans that are maintained or sponsored by the Seller.
Employee Benefit Plans, Etc. Viking shall (i) maintain each plan and/or each employee benefit plan as to which it may have any liability in substantial compliance with all applicable requirements of law and regulations, and (ii) make all payments and contributions required to be made pursuant to such Plans and/or plans in a timely manner.
Employee Benefit Plans, Etc. The Company shall (i) maintain each plan and/or each employee benefit plan as to which it may have any liability in substantial compliance with all applicable requirements of law and regulations; (ii) make all payments and contributions required to be made pursuant to such Plans and/or plans in a timely manner; and (iii) neither establish any new Plan and/or employee benefit plan, agree or contribute to any Plan and/or multi-employer plan nor amend any existing Plan and/or employee pension benefit plan in a manner that would materially increase its obligation to contribute to such Plan and/or plan.
