Common use of Pension Reform Act Clause in Contracts

Pension Reform Act. The Company will not permit (a) the funding requirements under ERISA with respect to any employee benefit plan established or maintained by the Company or any subsidiary to be less than the minimum required by ERISA or the regulations thereunder, or (b) any employee benefit plan established or maintained by the Company to be subject to involuntary termination proceedings.

Appears in 4 contracts

Samples: Investor Rights Agreement (Planet Zanett Inc), Investor Rights Agreement (Net Value Holdings Inc), Investor Rights Agreement (Net Value Holdings Inc)

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Pension Reform Act. The Company will not permit (ai) the funding requirements under ERISA with respect to any employee benefit plan established or maintained by the Company or any subsidiary to be less than the minimum required by ERISA or the regulations thereunder, or (bii) any employee benefit plan established or maintained by the Company to be subject to involuntary termination proceedings.

Appears in 1 contract

Samples: Investor Rights Agreement (Net Value Holdings Inc)

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Pension Reform Act. The Company will not permit (ai) the funding requirements under ERISA with respect to any employee benefit plan established or maintained by the Company or any subsidiary subsidiaries to be less than the minimum required by ERISA or the regulations thereunder, ; or (bii) any the employee benefit plan plans established or maintained by the Company or any subsidiary to be subject to involuntary termination proceedings.

Appears in 1 contract

Samples: Investment Agreement (Edge Technology Group Inc)

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