Common use of ERISA Requirement Clause in Contracts

ERISA Requirement. Except as previously disclosed to Lender in writing, the Borrower does not have in force any written or oral bonus plan, stock option plan, employee welfare, pension or profit sharing plan, or any other employee benefit arrangement or understanding. In addition, the Borrower and any predecessor of the Borrower is not now or was not formerly during the five year period immediately preceding the effective date of this Agreement a participating employer in any multi employer or "multiple employer" plans within the meaning of Sections 4001 (1)(a)(3), 4063, and 4064 of ERISA. Each employee benefit plan subject to the requirements of ERISA complies in all material respects with all of the requirements of ERISA and those plans which are subject to being "

ERISA Requirement. Except as previously disclosed to Lender Lenders in writing, the Borrower does not have in force any written or oral bonus plan, stock option plan, employee welfare, pension or profit sharing plan, or any other employee benefit arrangement or understanding. In addition, the Borrower and any predecessor of the Borrower is not now or was not formerly during the five year period immediately preceding the effective date of this Agreement a participating employer in any multi multi-employer or "multiple employer" plans within the meaning of Sections 4001 (1)(a)(34001(l)(a)(3), 4063, and 4064 of ERISA. Each employee benefit plan subject to the requirements of ERISA complies in all material respects with all of the requirements of ERISA and those plans which are subject to being "which

ERISA Requirement. Except as previously disclosed to Lender Agent in writing, the Borrower does not have in force any written or oral bonus plan, stock option plan, employee welfare, pension or profit sharing plan, or any other employee benefit arrangement or understanding. In addition, the Borrower and any predecessor of the Borrower is not now or was not formerly during the five year period immediately preceding the effective date of this Agreement a participating employer in any multi multi-employer or "multiple employer" plans within the meaning of Sections 4001 (1)(a)(34001(1)(a)(3), 4063, and 4064 of ERISA. Each employee benefit plan subject to the requirements of ERISA complies in all material respects with all of the requirements of ERISA and those plans which are subject to being "qualified" under Sections 401(a) and 501(a) of the Internal Revenue Code of 1986, as amended from time to time, have since their adoption been