Employee Policies, Rules, etc Sample Clauses

Employee Policies, Rules, etc. Schedule 7.11(2) lists the written policies, procedures and work-related rules in effect with respect to employees of the Subsidiaries regarding holiday, sick leave, vacation, disability and death benefits, termination and severance pay, automobile allowances and rights to company-provided automobiles and expense reimbursements. (The plans, programs, policies, practices, arrangements and procedures listed in Schedules 7.11(1) and 7.11(2) are collectively called the “Benefit Plans”). Copies of all documentation establishing or relating to the Benefit Plans and the most recent financial statements and actuarial reports, if any, related to the Benefit Plans, if any, and any reports and returns in respect of the Benefit Plans SHARE AND ASSET PURCHASE AGREEMENT filed with any regulatory agency or other Governmental Authority within three years prior to the date hereof have been provided to the Buyer.
Sample 1
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Employee Policies, Rules, etc. Schedule 3.6(4) of the Triani Disclosure Letter lists all material policies, procedures and work-related rules of the Company in effect with respect to employees of the Company, whether written or oral, including policies regarding holiday, sick leave, vacation, disability and death benefits, termination and severance pay, automobile allowances and rights to company-provided automobiles and expense reimbursements (collectively, “Employee Policies”). Copies of all documentation establishing or relating to the Employee Policies or, where the Employee Policies are oral commitments, written summaries of the terms of such Employee Policies, and the most recent financial statements and actuarial reports and all reports and returns in respect of the Employee Policies filed with any regulatory agency or other Governmental Authority within one year prior to the date hereof have been provided to the Purchaser.
Sample 1

Related to Employee Policies, Rules, etc

  • Employee Plans Except as provided in Section 4.12, the Assuming Institution shall have no liabilities, obligations or responsibilities under the Failed Bank's health care, bonus, vacation, pension, profit sharing, deferred compensation, 401K or stock purchase plans or similar plans, if any, unless the Receiver and the Assuming Institution agree otherwise subsequent to the date of this Agreement.

  • Employee Plan Compliance (i) The Company has performed in all material respects all obligations required to be performed by it under, is not in default or violation of, and has no knowledge of any default or violation by any other party to each Company Employee Plan, and each Company Employee Plan has been established and maintained in all material respects in accordance with its terms and in compliance with all applicable laws, statutes, orders, rules and regulations, including but not limited to ERISA or the Code; (ii) each Company Employee Plan intended to qualify under Section 401(a) of the Code and each trust intended to qualify under Section 501(a) of the Code has either received a favorable determination letter from the IRS with respect to each such Plan as to its qualified status under the Code, including all amendments to the Code effected by the Tax Reform Act of 1986 and subsequent legislation, or has remaining a period of time under applicable Treasury regulations or IRS pronouncements in which to apply for such a determination letter and make any amendments necessary to obtain a favorable determination; (iii) no "prohibited transaction," within the meaning of Section 4975 of the Code or Sections 406 and 407 of ERISA, and not otherwise exempt under Section 408 of ERISA, has occurred with respect to any Company Employee Plan; (iv) there are no actions, suits or claims pending, or, to the knowledge of the Company, threatened or reasonably anticipated (other than routine claims for benefits) against any Company Employee Plan or against the assets of any Company Employee Plan; (v) each Company Employee Plan can be amended, terminated or otherwise discontinued after the Effective Time in accordance with its terms, without liability to Parent, the Company or any of its Affiliates (other than ordinary administration expenses typically incurred in a termination event); (vi) there are no audits, inquiries or proceedings pending or, to the knowledge of the Company or any Affiliates, threatened by the IRS or DOL with respect to any Company Employee Plan; and (vii) neither the Company nor any Affiliate is subject to any penalty or tax with respect to any Company Employee Plan under Section 402(i) of ERISA or Sections 4975 through 4980 of the Code.

  • Company Benefit Plans (a) Section 4.13(a) of the Company Disclosure Letter sets forth a complete list, as of the date hereof, of each material Company Benefit Plan. For purposes of this Agreement, a “

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