Common use of Pension and Benefit Plans and Employee Relations Clause in Contracts

Pension and Benefit Plans and Employee Relations. Schedule 2.2(k) of the X. X. Xxxxx Disclosure Letter lists each written material “employee pension benefit plan” (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) (referred to herein as “Pension Plans”) or “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), other than as set forth in the X. X. Xxxxx SEC Documents, providing benefits to any current employee, officer or director of X. X. Xxxxx or any of the X. X. Xxxxx Subsidiaries or any entity that is or required under Section 414 of the Code to be treated with X. X. Xxxxx as a single employer (an “ERISA Affiliate”) or with respect to which X. X. Xxxxx or any ERISA Affiliate could have any liability that would reasonably be expected to have a X. X. Xxxxx Material Adverse Effect (collectively, the “Benefit Plans”). Each Benefit Plan has been administered in all material respects in accordance with its terms and the applicable requirements of ERISA, the Code and all other applicable laws. Each Pension Plan intended to be qualified under Section 401(a) of the Code has been the subject of a determination letter from the Internal Revenue Service to the effect that such Pension Plan is so qualified under all currently applicable provisions of Section 401(a) of the Code and, to the knowledge of X. X. Xxxxx, no circumstances exist that would adversely affect the qualification of any such Pension Plan. No Benefit Plan is subject to Title IV of ERISA. Each Benefit Plan may be amended or terminated in accordance with its terms. Schedule 2.2(k) of the X. X. Xxxxx Disclosure Letter lists each material employment, severance, consulting or other contract or plan with or for the benefit of any officer, director or employee of X. X. Xxxxx or any of the X. X. Xxxxx Subsidiaries containing a “change of control” provision that provides for any material payment, additional benefits, vesting or acceleration of benefits or rights or otherwise upon the execution of this Agreement or the consummation of any of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Corporate Property Associates 16 Global Inc), Agreement and Plan of Merger (W. P. Carey Inc.)

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Pension and Benefit Plans and Employee Relations. Schedule 2.2(k) of the X. X. W. P. Xxxxx Disclosure Letter lists each written material “employee pension benefit plan” (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) (referred to herein as “Pension Plans”) or “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), other than as set forth in the X. X. W. P. Xxxxx SEC Documents, providing benefits to any current employee, officer or director of X. X. W. P. Xxxxx or any of the X. X. W. P. Xxxxx Subsidiaries or any entity that is or required under Section 414 of the Code to be treated with X. X. W. P. Xxxxx as a single employer (an “ERISA Affiliate”) or with respect to which X. X. W. P. Xxxxx or any ERISA Affiliate could have any liability that would reasonably be expected to have a X. X. W. P. Xxxxx Material Adverse Effect (collectively, the “Benefit Plans”). Each Benefit Plan has been administered in all material respects in accordance with its terms and the applicable requirements of ERISA, the Code and all other applicable laws. Each Pension Plan intended to be qualified under Section 401(a) of the Code has been the subject of a determination letter from the Internal Revenue Service to the effect that such Pension Plan is so qualified under all currently applicable provisions of Section 401(a) of the Code and, to the knowledge of X. X. W. P. Xxxxx, no circumstances exist that would adversely affect the qualification of any such Pension Plan. No Benefit Plan is subject to Title IV of ERISA. Each Benefit Plan may be amended or terminated in accordance with its terms. Schedule 2.2(k) of the X. X. W. P. Xxxxx Disclosure Letter lists each material employment, severance, consulting or other contract or plan with or for the benefit of any officer, director or employee of X. X. W. P. Xxxxx or any of the X. X. W. P. Xxxxx Subsidiaries containing a “change of control” provision that provides for any material payment, additional benefits, vesting or acceleration of benefits or rights or otherwise upon the execution of this Agreement or the consummation of any of the transactions contemplated hereby.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Corporate Property Associates 15 Inc), Agreement and Plan of Merger (W P Carey & Co LLC)

Pension and Benefit Plans and Employee Relations. Schedule 2.2(k) of the X. W. X. Xxxxx Disclosure Letter lists each written material "employee pension benefit plan" (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")) (referred to herein as "Pension Plans") or "employee welfare benefit plan" (as defined in Section 3(1) of ERISA), other than as set forth in the X. W. X. Xxxxx SEC Documents, providing benefits to any current employee, officer or director of X. W. X. Xxxxx or any of the X. W. X. Xxxxx Subsidiaries or any entity that is or required under Section 414 of the Code to be treated with X. W. X. Xxxxx as a single employer (an "ERISA Affiliate") or with respect to which X. W. X. Xxxxx or any ERISA Affiliate could have any liability that would reasonably be expected to have a X. W. X. Xxxxx Material Adverse Effect (collectively, the "Benefit Plans"). Each Benefit Plan has been administered in all material respects in accordance with its terms and the applicable requirements of ERISA, the Code and all other applicable lawsLaws. Each Pension Plan intended to be qualified under Section 401(a) of the Code has been the subject of a determination letter from the Internal Revenue Service IRS to the effect that such Pension Plan is so qualified under all currently applicable provisions of Section 401(a) of the Code and, to the knowledge Knowledge of X. W. X. Xxxxx, no circumstances exist that would adversely affect the qualification of any such Pension Plan. No Benefit Plan is subject to Title IV of ERISA. Each Benefit Plan may be amended or terminated in accordance with its terms. Schedule 2.2(k) of the X. W. X. Xxxxx Disclosure Letter lists each material employment, severance, consulting or other contract or plan with or for the benefit of any officer, director or employee of X. W. X. Xxxxx or any of the X. W. X. Xxxxx Subsidiaries containing a "change of control" provision that provides for any material payment, additional benefits, vesting or acceleration of benefits or rights or otherwise upon the execution of this Agreement or the consummation of any of the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Corporate Property Associates 18 Global Inc)

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Pension and Benefit Plans and Employee Relations. Schedule 2.2(k) of the X. X. Xxxxx Disclosure Letter lists each written material “employee pension benefit plan” (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) (referred to herein as “Pension Plans”) or “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), other than as set forth in the X. X. Xxxxx SEC Documents, providing benefits to any current employee, officer or director of X. X. Xxxxx or any of the X. X. Xxxxx Subsidiaries or any entity that is or required under Section 414 of the Code to be treated with X. X. Xxxxx as a single employer (an “ERISA Affiliate”) or with respect to which X. X. Xxxxx or any ERISA Affiliate could have any liability that would reasonably be expected to have a X. X. Xxxxx Material Adverse Effect (collectively, the “Benefit Plans”). Each Benefit Plan has been administered in all material respects in accordance with its terms and the applicable requirements of ERISA, the Code and all other applicable lawsLaws. Each Pension Plan intended to be qualified under Section 401(a) of the Code has been the subject of a determination letter from the Internal Revenue Service IRS to the effect that such Pension Plan is so qualified under all currently applicable provisions of Section 401(a) of the Code and, to the knowledge Knowledge of X. X. Xxxxx, no circumstances exist that would adversely affect the qualification of any such Pension Plan. No Benefit Plan is subject to Title IV of ERISA. Each Benefit Plan may be amended or terminated in accordance with its terms. Schedule 2.2(k) of the X. X. Xxxxx Disclosure Letter lists each material employment, severance, consulting or other contract or plan with or for the benefit of any officer, director or employee of X. X. Xxxxx or any of the X. X. Xxxxx Subsidiaries containing a “change of control” provision that provides for any material payment, additional benefits, vesting or acceleration of benefits or rights or otherwise upon the execution of this Agreement or the consummation of any of the transactions contemplated hereby.

Appears in 1 contract

Samples: Agreement and Plan of Merger (W. P. Carey Inc.)

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