Common use of Employment Benefit Plans; ERISA Clause in Contracts

Employment Benefit Plans; ERISA. Except as set forth on Annex 5.19, the Company does not maintain or make contributions to any pension, profit sharing or other employee retirement benefit plan. The Company has no material liability with respect to any such plan (including, without limitation, any unfunded liability or any accumulated funding deficiency) or any material liability to the Pension Benefit Guaranty Corporation or under Title IV of the Employee Retirement Income Security Act of 1974, as amended, with respect to a multi-employer pension benefit plan, nor would the Company have any such liability if any such plan were terminated or if the Company withdrew, in whole or in part, from any multi-employer plan.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Value America Inc /Va), Preferred Stock Purchase Agreement (Value America Inc /Va), Preferred Stock and Warrant Purchase Agreement (Value America Inc /Va)

AutoNDA by SimpleDocs

Employment Benefit Plans; ERISA. Except as set forth on Annex 5.193.18, the Company does not maintain or make contributions to any pension, profit sharing or other employee retirement benefit plan. The Company has no material liability with respect to any such plan (including, without limitation, any unfunded liability or any accumulated funding deficiency) or any material liability to the Pension Benefit Guaranty Corporation or under Title IV of the Employee Retirement Income Security Act of 1974, as amended, with respect to a multi-employer pension benefit plan, nor would the Company have any such liability if any such plan were terminated or if the Company withdrew, in whole or in part, from any multi-employer plan.

Appears in 1 contract

Samples: Revolving Loan Agreement (Value America Inc /Va)

AutoNDA by SimpleDocs

Employment Benefit Plans; ERISA. Except as set forth disclosed on Annex 5.19Schedule 5.17, the Company does not maintain or make contributions to any pension, profit sharing or other employee retirement benefit plan. The Company has no material liability with respect to any such plan (including, without limitation, any unfunded past service or other liability or any accumulated funding deficiency) or any material liability to the Pension Benefit Guaranty Corporation or under Title IV of the Employee Retirement Income Security Act of 1974, as amended, with respect to a multi-employer pension benefit plan, nor would the Company have any such liability if any such plan were terminated or if the Company withdrew, in whole or in part, from any multi-employer plan.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Intervu Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.