Common use of Employee Welfare Benefit Plans Clause in Contracts

Employee Welfare Benefit Plans. No Plan which is a medical, dental, health, disability, insurance or other plan or arrangement, whether oral or written, which constitutes an “employee welfare benefit plan” as defined in Section 3(1) of ERISA, has any unfunded accrued liability or provides benefits to former employees or retirees (except as may be required by COBRA).

Appears in 2 contracts

Samples: Commercial Loan Agreement (Micronetics Inc), Commercial Loan Agreement (Brandpartners Group Inc)

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Employee Welfare Benefit Plans. No Plan which is a medical, dental, health, disability, insurance or other plan or arrangement, whether oral or written, which constitutes an "employee welfare benefit plan" as defined in Section 3(1) of ERISA, has any unfunded accrued liability or provides benefits to former employees or retirees (except as may be required by COBRA).

Appears in 1 contract

Samples: Loan Agreement (Presstek Inc /De/)

Employee Welfare Benefit Plans. No Plan which is ______________________________ a medical, dental, health, disability, insurance or other plan or arrangement, whether oral or written, which constitutes an "employee welfare benefit plan" as defined in Section 3(1) of ERISA, has any unfunded accrued liability or provides benefits to former employees or retirees (except as may be required by COBRA).

Appears in 1 contract

Samples: Loan Agreement (American Electromedics Corp)

Employee Welfare Benefit Plans. No Except as disclosed by the BORROWER to the BANK in writing, no Plan which is a medical, dental, health, disability, insurance or other plan or arrangement, whether oral or written, which constitutes an "employee welfare benefit plan" as defined in Section 3(1) of ERISA, has any unfunded accrued liability or provides benefits to former employees or retirees (except as may be required by COBRA).

Appears in 1 contract

Samples: Commercial Loan Agreement (Skillsoft Public Limited Co)

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Employee Welfare Benefit Plans. No Plan which is a medical, dental, health, disability, insurance or other plan or arrangement, whether oral or written, which constitutes an "employee welfare benefit plan" as defined in Section 3(13 )(1) of ERISA, has any unfunded accrued liability or provides benefits to former employees or retirees (except as may be required by COBRA).

Appears in 1 contract

Samples: Commercial Loan Agreement (Shepherd Surveillance Solutions Inc)

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