Common use of No Impact on Employee Benefits Clause in Contracts

No Impact on Employee Benefits. This Agreement does not affect any right or 20 obligation under any benefits plan. No payment made under this Agreement shall be considered as 21 compensation or hours worked or hours paid for purposes of determining eligibility, vesting, 22 participation, or contributions with respect to any employee benefit plan. For purposes of this Agreement, 23 the term “employee benefit plan” means every “employee benefit plan,” as defined in the Employee 24 Retirement and Income Security Act of 1974, 29 U.S.C. section 1002(3). The term also includes any 25 401(k) plan, bonus, pension, stock option, stock purchase, stock appreciation, welfare, profit sharing, 26 retirement, disability, vacation, severance, hospitalization, insurance, incentive, deferred compensation, 27 or any other similar benefit plan, practice, program, or policy, regardless of whether any such plan is 28 considered an employee benefit plan.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

AutoNDA by SimpleDocs

No Impact on Employee Benefits. This Agreement does not affect any right or 20 10 obligation under any benefits plan. No payment made under this Agreement shall be considered as 21 11 compensation or hours worked or hours paid for purposes of determining eligibility, vesting, 22 12 participation, or contributions with respect to any employee benefit plan. For purposes of this 13 Agreement, 23 the term “employee benefit plan” means every “employee benefit plan,” as defined in the 14 Employee 24 Retirement and Income Security Act of 1974, 29 U.S.C. section 1002(3). The term also 15 includes any 25 401(k) plan, bonus, pension, stock option, stock purchase, stock appreciation, welfare, 16 profit sharing, 26 retirement, disability, vacation, severance, hospitalization, insurance, incentive, deferred 17 compensation, 27 or any other similar benefit plan, practice, program, or policy, regardless of whether any 18 such plan is 28 considered an employee benefit plan.

Appears in 1 contract

Samples: www.cptgroupcaseinfo.com

No Impact on Employee Benefits. This Agreement does not affect any right or 20 25 obligation under any benefits plan. No payment made under this Agreement shall be considered as 21 26 compensation or hours worked or hours paid for purposes of determining eligibility, vesting, 22 27 participation, or contributions with respect to any employee benefit plan. For purposes of this 28 Agreement, 23 the term “employee benefit plan” means every “employee benefit plan,” as defined in the 1 Employee 24 Retirement and Income Security Act of 1974, 29 U.S.C. section 1002(3). The term also 2 includes any 25 401(k) plan, bonus, pension, stock option, stock purchase, stock appreciation, welfare, 3 profit sharing, 26 retirement, disability, vacation, severance, hospitalization, insurance, incentive, deferred 4 compensation, 27 or any other similar benefit plan, practice, program, or policy, regardless of whether any 5 such plan is 28 considered an employee benefit plan.

Appears in 1 contract

Samples: Class Action Settlement Agreement

AutoNDA by SimpleDocs

No Impact on Employee Benefits. This Agreement does not affect any right or 20 17 obligation under any benefits plan. No payment made under this Agreement shall be considered as 21 18 compensation or hours worked or hours paid for purposes of determining eligibility, vesting, 22 19 participation, or contributions with respect to any employee benefit plan. For purposes of this 20 Agreement, 23 the term “employee benefit plan” means every “employee benefit plan,” as defined in the 21 Employee 24 Retirement and Income Security Act of 1974, 29 U.S.C. section 1002(3). The term also 22 includes any 25 401(k) plan, bonus, pension, stock option, stock purchase, stock appreciation, welfare, 23 profit sharing, 26 retirement, disability, vacation, severance, hospitalization, insurance, incentive, deferred 24 compensation, 27 or any other similar benefit plan, practice, program, or policy, regardless of whether any 25 such plan is 28 considered an employee benefit plan.

Appears in 1 contract

Samples: Settlement Agreement

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