Common use of Employee Welfare Plans Clause in Contracts

Employee Welfare Plans. (a) Except as set forth on Schedule 3.22, CVL has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by CVL or to which CVL is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by CVL; CVL has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of CVL under a multiemployer plan; no benefit plan established or maintained by CVL or to which CVL is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and CVL has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

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Employee Welfare Plans. (a) Except as set forth on Schedule 3.223.21, CVL ETV has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by CVL ETV or to which CVL ETV is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by CVLETV; CVL ETV has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of CVL ETV under a multiemployer multi-employer plan; no benefit plan established or maintained by CVL ETV or to which CVL ETV is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and CVL ETV has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

Employee Welfare Plans. (a) Except as set forth on Schedule 3.22, CVL CVI has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by CVL CVI or to which CVL CVI is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by CVLCVI; CVL CVI has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of CVL CVI under a multiemployer multi-employer plan; no benefit plan established or maintained by CVL CVI or to which CVL CVI is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and CVL CVI has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

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Employee Welfare Plans. (a) Except as set forth on Schedule 3.223.23, CVL IXL has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by CVL IXL or to which CVL IXL is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by CVLIXL; CVL IXL has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of CVL IXL under a multiemployer multi-employer plan; no benefit plan established or maintained by CVL IXL or to which CVL IXL is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and CVL IXL has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

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