Pension and Other Benefit Plans Sample Clauses
Pension and Other Benefit Plans. (a) Schedule 4.35 sets forth a complete list of the Benefit Plans and Statutory Plans that the Vendor has maintained or in which the Vendor has participated for the benefit of the Employees.
(b) The Vendor has complied with all Laws relating to the Benefit Plans and Statutory Plans and is not in breach of any such Laws.
(c) Current and complete copies of all written Benefit Plans as amended to date or, where oral, written summaries of the terms thereof, and all booklets and communications concerning the Benefit Plans which have been provided to persons entitled to benefits under the Benefit Plans have been delivered or made available to the Purchaser together with copies of all material documents relating to the Benefit Plans, including, as applicable,
(i) all trust agreements, funding agreements, insurance contracts and policies, investment management agreements, subscription and participation agreements, benefit administration contracts, and any financial administration contracts;
(ii) all legal opinions, consultants’ reports and correspondence relating to the administration or funding of any Benefit Plan or the use of the funds held under such Benefit Plans;
(iii) all financial and accounting statements and reports for each of the last three years and all reports, statements, valuations, returns and correspondence for each of the last three years which affect premiums, contributions, refunds, deficits or reserves under any Benefit Plan;
(iv) the three most recent actuarial reports (whether or not such actuarial reports were filed with a Governmental Authority) and any supplemental cost certificates filed with any Governmental Authority;
(v) all annual information returns or other returns filed with, and significant correspondence with, any Governmental Authority since October 28, 2003; and
(vi) all Benefit Plan amendments or other documents reflecting ad hoc increases, upgrades and improvements to the Benefit Plans which have been implemented since October 28, 2003.
(d) Each Benefit Plan is, and has been, established, registered, amended, funded, administered and invested in compliance with the terms of such Benefit Plan (including the terms of any documents in respect of such Benefit Plan), all Laws and the Collective Agreements, as applicable. The Vendor has not received, since October 28, 2003, any notice from any Person questioning or challenging such compliance, and the Vendor does not have knowledge of any such notice prior to October 28, 2003. Th...
Pension and Other Benefit Plans. Schedule 7.17 sets forth, as of the date hereof, a complete and correct list of, and that separately identifies, (a) all Title IV Plans, and (b) all Multiemployer Plans. Except as would not, in the aggregate, have a Material Adverse Effect, (i) each Benefit Plan is in compliance with applicable provisions of ERISA, the Code and other Requirements of Law, (ii) there are no existing or pending (or to the knowledge of any Obligor or Subsidiary thereof, threatened) Claims (other than routine Claims for benefits in the normal course), sanctions, actions, lawsuits or other proceedings or investigations involving any Benefit Plan, and (iii) no ERISA Event has occurred or is reasonably expected to occur.
Pension and Other Benefit Plans. The Contractor shall coordinate with the HSPP Administrator to ensure DOE receives an annual reporting and accounting of the Contractor’s pension obligations, pursuant to Financial Accounting Standard (FAS) 87, for those employees participating in the HSPP and supply the Administrator with all the information necessary to maintain the Federal tax qualifications of all Contractor and Hanford Site pension plans.
Pension and Other Benefit Plans. (a) Section 3.10 of the Company Disclosure Schedule sets forth a complete list of all Employee/Benefit Plans.
(b) Except as disclosed in Section 3.10 of the Company Disclosure Schedule, there are no "employee pension benefit plans" as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") ("Pension Benefit Plans"), "welfare benefit plans" as defined in Section 3(1) of ERISA ("Welfare Plans"), or stock bonus, stock option, restricted stock, stock appreciation right, stock purchase, bonus, incentive, deferred compensation, severance, or vacation plans, or any other employee benefit plan, program, policy or arrangement, covering employees (or former employees) employed in the United States, maintained or contributed to by the Company or any of its ERISA Affiliates (as hereinafter defined), or to which the Company or any of its ERISA Affiliates contributes or is obligated to make payments thereunder or otherwise may have any liability (collectively, the "Employee Benefit Plans"). For purposes of this Agreement, "ERISA Affiliate" shall mean any person (as defined in Section 3(9) of ERISA) that is or has been a member of any group of persons described in Section 414(b), (c), (m) or (o) of the Code including the Company.
Pension and Other Benefit Plans. (a) Executive shall be entitled to participate in the Company's employee benefit plans as they are in existence on the date of this Employment Agreement or as they may be amended hereafter. At the present time, Executive is entitled to participate in various plans, including, without limitation, the following plans to the same extent as other senior salaried officers of the Company: Group Medical Insurance Plan, Dental Plan, Disability (short and long term) Plan, Group Term Life Insurance, Defined Benefit Pension Plan, and Profit Sharing and Retirement Income Plan. Notwithstanding the foregoing, Executive may elect that the Company provide him with "indemnity type" medical insurance coverage (as opposed to the type of coverage which would otherwise have been provided) and, in that event, Executive shall reimburse the Company in the amount he would have been required to pay for HMOQPOS coverage.
(b) The Quaker Chemical Corporation 1995 Naples Supplemental Retirement Income Program and Agreement (the "Naples SURP") shall continue in effect. The Naples SURP may be amended in a manner consistent with any amendments made to the Company SURP; provided, however, no such amendment will reduce or limit any of the benefits thereunder. Executive continues to waive any rights he may have to participate in or to receive benefits under the Company SURP. Executive shall be fully vested in the benefits accrued under the Naples SURP and such benefits shall be nonforfeitable, notwithstanding the termination of his employment with the Company prior to his reaching normal retirement age. Notwithstanding anything contained in the Naples SURP and/or in the Company's employment policies to the contrary, promptly after the date of this Employment Agreement, the Naples SURP will be amended so as to provide that benefits (to the extent then earned by credited service without actuarial reduction) under the Naples SURP will commence at age 60 (rather than at age 65) unless prior to Executive's 60th birthday Executive elects a deferred benefit commencement date. The intention of the preceding sentence is that the benefit at age 60 will be the same as if Executive commenced receiving benefits at age 65 with the same length of service as exists at age 60.
Pension and Other Benefit Plans. (a) Schedule 3.2.24 sets forth a true and complete list of all employee benefit plans, including, without limitation, pension/benefit plans maintained by Cap C LP and/or the CLP (each a "Plan").
(b) Except as disclosed in Schedule 3.2.24 each Plan is, and has been, established, registered, qualified, administered and invested, in compliance with (i) the terms thereof, and (ii) all applicable Laws.
(c) All obligations under the Plans (whether pursuant to the terms thereof or applicable Law) have been satisfied.
(d) All contributions or premiums required to be paid to or in respect of each Plan have been paid in a timely fashion in accordance with the terms thereof and all applicable Law, and no Taxes, penalties or fees are owing or exigible under any Plan.
(e) There are no going concern unfunded actuarial liabilities, past service unfunded liabilities or solvency deficiencies respecting any of the Plans.
(f) No material changes have occurred in respect of any Plan since the date of the most recent financial, accounting or actuarial report, as applicable, issued in connection with any Plan, which could reasonably be expected to adversely affect the relevant report (including rendering it misleading in any material respect).
(g) There have been no improper withdrawals or transfer of assets from any Plan.
(h) None of the Plans require or permit a retroactive increase in premiums or payments, and the level of insurance reserves, if any, under any insured Plan is reasonable and sufficient to provide for all incurred but unreported claims.
Pension and Other Benefit Plans.
(a) Schedule 28 of the Disclosure Letter sets forth a complete list of the Benefit Plans. Except as disclosed in such Schedule, none of the Benefit Plans is a Multi- Employer Plan or a “defined benefit” pension plan.
(b) Current and complete copies of all written Benefit Plans have been delivered or made available to the Purchaser.
(c) The Company and its Subsidiaries have, in all material respects, made all pension payments, deductions and remittances that are required by The National Pensions Act, 2008 (Act 766) as amended by the National Pensions (Amendment) Act, 2014 (Act 883) and other applicable Laws in the Republic of Ghana.
Pension and Other Benefit Plans. Other than as set forth in Schedule 6, Part I, no Obligor has any unfunded liabilities arising out of any employee pension plan or any other employee benefit plan to which it is a party or by which it is bound which in the aggregate exceed $100,000 (or the equivalent in other currency) for the entire Group. All requisite employer contributions required under any such plan have been made to date. There is no Award outstanding and no pending or, to the knowledge of any Obligor, threatened litigation against any such plan, any fiduciary thereof, or any Obligor with respect thereto which is reasonably likely to have a Material Adverse Effect. Each employee pension plan or any other employee benefit plan to which any Obligor is a party or by which it is bound complies in all material respects with all Applicable Laws. No Obligor has withdrawn from any such plan or initiated steps to do so, and no steps have been taken to reorganise or terminate any such plan, the terms of each such plan are in accordance with Good Industry Practice and the Development Plan.
Pension and Other Benefit Plans. The Vendor has no pension plan for the benefit of the Employees. The Vendor has made available to the Purchaser copies or summaries of all Benefit Plans.
Pension and Other Benefit Plans. (a) Effective as of the Closing Date, the Transferred Employees who participate in the Vendor's Non-Union Pension Plan shall cease to participate in such plan.
(b) Effective as of the Closing Date, the Purchaser shall provide at its own expense a pension plan registered with the appropriate federal and provincial regulatory authorities for the Transferred Employees who are Non-Unionized Employees who were participating, or who would be eligible to participate, in the Vendor's Non-Union Pension Plan had their employment with the Vendor continued after the Closing Date (the "Purchaser's Non-Union Pension Plan").
(c) The Purchaser's Non-Union Pension Plan shall recognize service prior to the Closing Date and membership in the Vendor's Non-Union Pension Plan to the extent required under Laws for purposes of the Purchaser's Non-Union Pension Plan.
(d) The Vendor shall cause the funding agent of the Vendor's Non-Union Pension Plan to effect a transfer of assets from the Vendor's Non-Union Pension Plan to the funding agent of the Purchaser's Non-Union Pension Plan equal to the assets held in the defined contribution accounts (the "Accounts") for the Transferred Employees who are NonUnionized Employees in the Vendor's Non-Union Pension Plan at the Closing Date, plus (or