Common use of Pension and Multiemployer Plans Clause in Contracts

Pension and Multiemployer Plans. The Company and its Subsidiaries have not during the preceding six years made or had an obligation to make contributions to any pension plan subject to Title IV of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or described in Section 3(37), 4063 or 4064 of ERISA with respect to their employees. With respect to any Benefit Plan that is a defined benefit plan, as of the date hereof, all funding requirements have been met in accordance with the law of the relevant jurisdiction, and the Company has accounted for such plans in accordance with GAAP, except as would not have a Company Material Adverse Effect.

Appears in 5 contracts

Samples: Merger Agreement (Berg Acquisition Co), Merger Agreement (Berg Electronics Corp /De/), Offer to Purchase (Berg Acquisition Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!