Employment Benefit Plans. Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.
Employment Benefit Plans. The Employee will be entitled to participate in all pension, profit sharing, and other retirement plans, all incentive compensation plans, and all group health, hospitalization and disability or other insurance plans, paid vacation, sick leave and other employee welfare benefit plans in which other similarly situated employees of the Company may participate as stated in the employee guide.
Employment Benefit Plans. Employee may participate in all employee welfare benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Benefits Guide. These benefits include but are not limited to medical, dental, vision, short term disability, long term disability, life insurance, 401(k) and the Employee Stock Purchase Plan.
Employment Benefit Plans. During the Employment Term, the Executive shall be entitled to participate in such employee benefit plans and programs of the Company as are made available to the Company’s senior level executives or to its employees generally, as such plans or programs may be in effect from time to time and subject to the right of the Company, in its sole discretion, to modify and/or terminate any such plans at any time, including, without limitation, health, medical, dental long-term disability, profit sharing and travel accident and life insurance plans.
Employment Benefit Plans. With respect to any employment benefit plan (as defined in Section 3(3) of ERISA) which the Company maintains, contributes to or has any obligation to contribute to, or with respect to which the Company has any liability, contingent or otherwise (a “Plan”), no prohibited transactions (as defined in Section 406 of ERISA, or Section 4975 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”)) has occurred, no “accumulated funding deficiency” (as defined in Section 302 of ERISA) or any of the events set forth in Section 4043(c) of ERISA (other than events with respect to which the 30-day notice requirement under Section 4043 of ERISA has been waived) has occurred, exists or is reasonably expected to occur with respect to any Plan that would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect; each Plan is in compliance in all material respects with applicable law, including ERISA and the Code; the Company has not (i) failed to timely make all required contributions to each Plan that is an “employee benefit pension plan” within the meaning of Section 3(2) of ERISA, or (ii) incurred or expects to incur liability under Title IV of ERISA with respect to the termination of, or withdrawal from, any Plan; and each Plan that is intended to be qualified under Section 401(a) of the Code is so qualified, and nothing has occurred, whether by action or failure to act, which could reasonably be expected to cause a loss of such qualification.
Employment Benefit Plans. In further consideration of the Services to be rendered under this Agreement, Executive will be entitled to participate in retirement plans, group health, hospitalization and disability or other insurance plans, and other employee welfare benefit plans generally made available to other similarly-situated employees of the Company, in accordance with the benefit plans established by the Company, and as may be amended from time to time in the Company’s sole discretion.
Employment Benefit Plans. No member of the Group is a party to or bound by any currently effective employment contract, deferred compensation arrangement, bonus plan, incentive plan, profit sharing plan, retirement agreement or other employee or consultant compensation plan or agreement. No employee of any member of the Group has been granted the right to continued employment by such member of the Group or to any material compensation following termination of employment with such member of the Group.
Employment Benefit Plans. As applicable to Mountaineer
(i) All Benefit Plans are listed in Seller's Disclosure Schedule. True and complete copies of all such Benefit Plans, including, but not limited to, any trust instruments and insurance contracts forming a part of any Benefit Plans, and all amendments thereto have been provided or made available to Buyer.
(ii) All Benefit Plans covering Employees, to the extent subject to ERISA, are in substantial compliance with ERISA. Each Benefit Plan which is an "employee pension benefit plan" within the meaning of Section 3(2) of ERISA ("Pension Plan") and which is intended to be qualified under Section 401 (a) of the Code, has received a favorable determination letter from the Internal Revenue Service with respect to "TRA" (as defined in Section 1 of Rev. Proc. 93-39), and Mountaineer is not aware of any circumstances likely to result in revocation of any such favorable determination letter. There is no material pending or, to the knowledge of Mountaineer, threatened litigation relating to the Benefit Plans. Neither Mountaineer Gas nor any of its Subsidiaries has engaged in a transaction with respect to any Benefit Plan that, assuming the taxable period of such transaction expired as of the date hereof, could subject Mountaineer to a tax or penalty imposed by either Section 4975 of the Code or Section 502(i) of ERISA in an amount which would be material.
(iii) No liability under Subtitle C or D of Title IV of ERISA has been or is expected to be incurred by Mountaineer with respect to any ongoing, frozen or terminated "single-employer plan", within the meaning of Section 4001 (a)(15) of ERISA, currently or formerly maintained by any of them, or the single- employer plan of any entity which is considered one employer with the Seller under Section 4001 of ERISA or Section 414 of the Code (an "ERISA Affiliate"). Neither Mountaineer Gas, any of its Subsidiaries nor any ERISA Affiliate has contributed to a "multi- employer plan", within the meaning of Section 3(37) of ERISA, at any time on or after September 26, 1980. No notice of a "reportable event", within the meaning of Section 4043 of ERISA for which the 30-day reporting requirement has not been waived, has been required to be filed for any Pension Plan or by any ERISA Affiliate within the 12-month period ending on the date hereof (or will be required to be filed in connection with the transactions contemplated by this Agreement).
(iv) All contributions required to be made under the terms o...
Employment Benefit Plans. Stealth agrees to provide to the Employee, during the Employment Period, hospitalization and other medical and health benefits, life insurance, paid holidays, paid vacation and other benefits on terms and conditions equivalent to those provided by Stealth to other senior executives of Stealth as of the date immediately preceding the date of this Agreement. Further, until March 31, 2006, Stealth shall use its best efforts to maintain in force and effect, and the employee shall continue to be eligible to participate in, the employee benefit plans maintained by Stealth on the date hereof. Thereafter, during the remainder of the term of his employment under this Agreement, the Employee shall be eligible to participate in such employee benefit plans as Micronetics shall establish or maintain from time to time for senior executives of Micronetics, Inc. and its subsidiaries; provided however, the employee benefits provided for in this Section 5 shall be in addition to those provided for in other Sections of this Agreement.
Employment Benefit Plans. (a) No Group Company is under any legal obligation to pay any welfare benefit to any of its directors, managers or employees, other than those required under PRC Law.
(b) All payments and contributions to, or relating to, the social insurance funds (including pension, medical, unemployment, work-related injury and maternity insurance) and housing funds provided under PRC Law which are required to be made by any Group Company on behalf of its employees and by its respective employees have been duly paid.
(c) All payments and contributions to, or relating to, the mandatory social welfare schemes provided under other applicable Law which are required to be made by the Group on behalf of its employees and by its respective employees have been duly paid.
