Common use of International Employee Plans Clause in Contracts

International Employee Plans. Each International Employee Plan has been established, maintained and administered in compliance in all material respects with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory Legal Requirements that are applicable to such International Employee Plan. Furthermore, no International Employee Plan has unfunded liabilities, that as of the Effective Time, will not be offset by insurance or fully accrued. Except as required by Legal Requirement, no condition exists that would prevent the Company, any of its Subsidiaries or Parent from terminating or amending any International Employee Plan at any time for any reason without liability to the Company, any of its Subsidiaries or its ERISA Affiliates (other than ordinary notice and administration requirements and expenses or routine claims for benefits).

International Employee Plans. Each International Employee Plan has been established, maintained and administered in material compliance in all material respects with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory Legal Requirements laws that are applicable to such International Employee Plan. Furthermore, no International Employee Plan has material unfunded liabilities, that as of the Effective Time, will not be offset by insurance or fully accrued. Except as required by Legal Requirementlaw, no condition exists that would prevent the Company, any of its Subsidiaries Company or Parent from terminating or amending any International Employee Plan at any time for any reason without liability to in accordance with the Company, any terms of its Subsidiaries or its ERISA Affiliates each such International Employee Plan (other than ordinary notice and administration requirements and expenses or routine claims for benefitstypically incurred in a termination event).

International Employee Plans. Each International Employee Plan has been established, maintained and administered in material compliance in all material respects with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory Legal Requirements laws that are applicable to such International Employee Plan. Furthermore, no No International Employee Plan has material unfunded liabilities, liabilities that as of the Effective Time, will not be offset by insurance or that are not fully accruedaccrued on the Company Balance Sheet. Except as required by Legal Requirementlaw, no condition exists that would prevent the Company, any of its Subsidiaries Company or Parent from terminating or amending any International Employee Plan at any time for any reason without liability to in accordance with the Company, any terms of its Subsidiaries or its ERISA Affiliates each such International Employee Plan (other than ordinary notice and administration requirements and expenses or routine claims for benefitstypically incurred in a termination event).

International Employee Plans. Each International Employee Plan has ---------------------------- been established, maintained and administered in material compliance in all material respects with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory Legal Requirements laws that are applicable to such International Employee Plan. Furthermore, no International Employee Plan has material unfunded liabilities, that as of the Effective Time, will not be offset by insurance or fully accrued. Except as required by Legal Requirementlaw, no condition exists that would prevent the Company, any of its Subsidiaries Company or Parent from terminating or amending any International Employee Plan at any time for any reason without liability to in accordance with the Company, any terms of its Subsidiaries or its ERISA Affiliates each such International Employee Plan (other than ordinary notice and administration requirements and expenses or routine claims for benefitstypically incurred in a termination event).

International Employee Plans. Each International Employee Plan has been established, maintained and administered in material compliance in all material respects with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory Legal Requirements that are applicable to such International Employee Plan. Furthermore, no No International Employee Plan has unfunded liabilitiesLiabilities, that as of the Effective Time, will not be offset by insurance or fully accrued. Except as required by applicable Legal RequirementRequirements, no condition exists that would prevent the Company, any of its Subsidiaries the Surviving Corporation or Parent from terminating or amending any International Employee Plan at any time for any reason without liability to the Company, any of its Subsidiaries or its ERISA Affiliates (other than ordinary notice and administration requirements and expenses or routine claims for benefits)reason.

International Employee Plans. Each International Employee Plan has been established, maintained and administered in material compliance in all material respects with its terms and conditions and with the requirements prescribed by any and all statutory or regulatory Legal Requirements laws that are applicable to such International Employee Plan. Furthermore, no International Employee Plan has material unfunded liabilities, that as of the Effective Time, will not be offset by insurance or fully accrued. Except as required by Legal Requirementlaw, no condition exists that would prevent the Company, any of its Subsidiaries Company or Parent from terminating or amending any International Employee Plan at any time for any reason without liability to in accordance with the Company, any terms of its Subsidiaries or its ERISA Affiliates each such International Employee Plan (other than ordinary notice and administration requirements and expenses or routine claims for benefitstypically incurred in a termination event).. Table of Contents