Common use of No Benefits Clause in Contracts

No Benefits. Contractor agrees that if the personnel furnished by the Contractor are determined to be “leased employees” within the meaning of section 414(n) of the Internal Revenue Code, Contractor acknowledges that leased employees are excluded from participation in the employee benefit plans, funds and programs provided by NYSERDA to its employees including, but not limited to, any group health plan, sickness or accident plan, retirement plan, retirement plan or similar benefit plan provided to employees by NYSERDA, by the terms of such benefit plans, funds or programs. Contractor agrees to notify NYSERDA if it maintains (or ceases to maintain) a plan described in section 414(n)(5)(B) of the Internal Revenue Code.

No Benefits. Contractor Vendor agrees that if the personnel furnished by the Contractor Vendor are determined to be “leased employees” within the meaning of section 414(n) of the Internal Revenue Code, Contractor Vendor acknowledges that leased employees are excluded from participation in the employee benefit plans, funds and programs provided by NYSERDA to its employees including, but not limited to, any group health plan, sickness or accident plan, retirement plan, retirement plan or similar benefit plan provided to employees by NYSERDA, by the terms of such benefit plans, funds or programs. Contractor Vendor agrees to notify NYSERDA if it maintains (or ceases to maintain) a plan described in section 414(n)(5)(B) of the Internal Revenue Code.

No Benefits. Contractor agrees that if the personnel furnished by the Contractor are determined to may be “leased employees” within the meaning of section 414(n) of the Internal Revenue Code, . Contractor acknowledges that leased employees are excluded from participation in the employee benefit plans, funds and programs Programs provided by NYSERDA to its employees including, but not limited to, any group health plan, sickness or accident plan, retirement plan, retirement plan or similar benefit plan provided to employees by NYSERDA, by the terms of such benefit plans, funds or programsPrograms. Contractor agrees to notify NYSERDA if it maintains (or ceases to maintain) a plan described in section 414(n)(5)(B) of the Internal Revenue Code.

No Benefits. Contractor Vendor agrees that if the personnel furnished by the Contractor Vendor are determined to be “leased employees” within the meaning of section 414(n) of the Internal Revenue Code, Contractor Vendor acknowledges that leased employees are excluded from participation in the employee benefit plans, funds and programs provided by NYSERDA to its employees including, but not limited to, any group health plan, sickness or accident plan, retirement plan, retirement plan or similar benefit plan provided to employees by NYSERDA, by the terms of such benefit plans, funds or programs. Contractor Vendor agrees to notify NYSERDA if it maintains (or ceases to maintain) a plan described in section 414(n)(5)(B) of the Internal Revenue Code.