PENSIONS AND OTHER BENEFITS. 17.1 Save in respect of The Plan, the Group Companies have no obligation (whether legally binding or not) to provide "relevant benefits" (within the meaning of Section 612 ICTA 1988) to, or in respect of any person who is now or has been an officer or employee of any Group Company or spouse or dependant of such officer or employee;
17.2 Full and accurate details and particulars of The Plan have been disclosed in the Disclosure Letter together with accurate, up-to-date and complete copies of all documents relating to The Plan including a list of investments held for The Plan and there is no obligation to provide benefits under The Plan other than as revealed in such documents and particulars;
17.3 The Plan is an "exempt approved scheme" (within the meaning of Chapter I of Part XIV ICTA 1988) and, to the best of the Vendor's knowledge and awareness, there is no reason why approval of the Board of Inland Revenue should be withdrawn;
17.4 Other than benefits on death as disclosed, The Plan provides only money purchase benefits as defined in Xxxxxxx 000 Xxxxxxx Xxxxxxx Xxx 0000. No person who is now or has been an officer or employee has been promised that he or his dependants will receive benefits on his retirement, death or leaving service other than money purchase benefits as defined above.
17.5 During the Vendor's period of ownership of the Companies, the provisions of The Plan has never discriminated between male and female members.
17.6 All premiums payable under contracts of insurance relating to payment of benefits on death before normal pension age in respect of any officer or employee of any Group Company have been paid and all contributions to, and expenses of, The Plan which have fallen due for payment have been paid.
17.7 Except as fairly disclosed in the Disclosure Letter, there is no dispute with regard to the benefits payable under The Plan or any other payments or benefits referred to in paragraph 17.1. Except as fairly disclosed in the Disclosure Letter, no legal proceedings in connection with The Plan are pending, threatened or expected nor is there any fact or circumstance likely to give rise to any such proceedings.
17.8 The Plan has at all times complied with and been administered in accordance with the provisions governing it and all applicable laws, regulations and requirements, including the requirements of the Inland Revenue for continued approval as an exempt approved scheme, and of trust law.
17.9 The Group Companies have at all time...
PENSIONS AND OTHER BENEFITS. 17.1 For the purpose of the warranties in this paragraph 17 the following expressions shall have the meanings ascribed to them below:
PENSIONS AND OTHER BENEFITS. 96.1 The Board may exercise all the powers of the Company to provide pensions or other retirement or superannuation benefits and to provide death or disability benefits or other allowances or gratuities (whether by insurance or otherwise) for any person who is or has at any time been a Director or employee of:
(a) the Company;
(b) any company which is or was a holding company or a subsidiary undertaking of the Company;
(c) any company which is or was allied to or associated with the Company or a subsidiary undertaking or holding company of the Company; or
(d) a predecessor in business of the Company or of any holding company or subsidiary undertaking of the Company. and, in each case, for any member of his or her family (including a spouse or former spouse) and any person who is or was dependent on him or her.
96.2 The Board may establish, maintain, subscribe and contribute to any scheme, institution, association, club, trust or fund and pay premiums and, subject to the Companies Acts, lend money or make payments to, guarantee or give an indemnity in respect of, or give any financial or other assistance in connection with any of the matters set out in Article 92.1 above. The Board may procure any of such matters to be done by the Company either alone or in conjunction with any other person. Any Director or former Director shall be entitled to receive and retain for his or her own benefit any pension or other benefit provided under this Article and shall not have to account for it to the Company. The receipt of any such benefit will not disqualify any person from being or becoming a Director of the Company.
PENSIONS AND OTHER BENEFITS. 13.1 Other than the UK stakeholder pension scheme provided by Standard Life, no Group Company has: (a) any liabilities (contingent or otherwise) to make payments to any “occupational pension scheme” or “personal pension scheme” (both terms as defined in section 1 of the Pension Schemes Act 1993); or (b) announced any proposal to enter into or establish any other occupational pension scheme or to contribute to a personal pension scheme.
13.2 Clause 13.2 of Schedule 1.2 of Schedule A of the Disclosure Letter contains, at the date of this Agreement, a list of each share incentive, share option, profit sharing, redundancy, severance, bonus, incentive, savings, pension, retirement or other material employee benefit plan, policy, program or arrangement sponsored, maintained, contributed to or required to be contributed to by Sellers or any Group Company in which directors, officers, employees or individual independent contractors of any Group Company participate, other than those required by law (the “Plans”). The Plans sponsored by any Group Company (“Group Company Plans”) are separately identified on the Disclosure Letter. The Sellers have made available as part of the Data Room Information accurate copies of all Plans and any amendments thereto, or, in either case, summaries thereof.
13.3 Each Group Company Plan complies in all material respects in form and has been established, maintained, operated and funded in all material respects in accordance with its terms and the requirements of all applicable laws, orders, rules and regulations. Each Group Company Plan which is required to be registered or approved by any Governmental Entity or agency, has been so registered and approved and has been maintained in good standing with applicable Governmental Entities or agencies, and if intended to qualify for special tax treatment, meets all material requirements for such treatment.
13.4 Neither the entry into this Agreement nor the completion of any of the Transactions (whether alone or in connection with any subsequent events) will (1) accelerate the time of payment or vesting or result in any payment or funding of compensation or benefits by any Group Company under any Plan, or increase the amount of compensation payable by a Group Company to any director, officer, employee or individual independent contractor of any Group Company or (2) prevent any Group Company from amending or terminating any Group Company Plan.
13.5 Except as provided in any of the Transaction ...
PENSIONS AND OTHER BENEFITS. Neither the Company nor the Subsidiary Undertaking has ever agreed to establish, sponsored, participated in or contributed to any arrangement (whether or not closed, funded or approved) for providing pensions or other benefits on, or in anticipation of, the retirement, death, accident or sickness of any current or former director or employee of the Company and/or the Subsidiary Undertaking, nor has it agreed or announced any proposal to enter into or establish any such arrangement. Neither the Company nor the Subsidiary Undertaking have owned, used or occupied any property other than the Property.
PENSIONS AND OTHER BENEFITS. 16.1 Save in respect of The Plan, the Vendor has no obligation (whether legally binding or not) to provide "relevant benefits" (within the meaning of Section 612 ICTA 1988) to, or in respect of any person who is now or has been an officer or employee of the Vendor or spouse or dependant of such officer or employee;
16.2 Full and accurate details and particulars of Plan have been disclosed in the Disclosure Letter together with accurate, up-to- date and complete copies of all documents relating to Plan including a list of investments held for Plan and there is no obligation to provide benefits under Plan other than as revealed in such documents and particulars;
16.3 The Plan is an "exempt approved scheme" (within the meaning of Chapter I of Part XIV ICTA 1988) and, to the best of the Vendor's knowledge and awareness, there is no reason why approval of the Board of Inland Revenue should be withdrawn;
16.4 Other than benefits on death as disclosed, The Plan provides only money purchase benefits as defined in Sxxxxxx 000 Xxxxxxx Xxxxxxx Xxx 0000. No person who is now or has been an officer or employee has been promised that he or his dependants will receive benefits on his retirement, death or leaving service other than money purchase benefits as defined above.
16.5 During the Vendor's period of ownership, provisions of The Plan have never discriminated between male and female members.
16.6 All premiums payable under contracts of insurance relating to payment of benefits on death before normal pension age in respect of any officer or employee of the Vendor have been paid and all contributions to, and expenses of, The Plan which have fallen due for payment have been paid.
16.7 Except as fairly disclosed in the Disclosure Letter, there is no dispute with regard to the benefits payable under the Pension Plans or any other payments or benefits referred to in paragraph 17.
1. Except as fairly disclosed in the Disclosure Letter, no legal proceedings in connection with The Plan is pending, threatened or expected nor is there any fact or circumstance likely to give rise to any such proceedings.
16.8 The Plan has at all times complied with and been administered in accordance with the provisions governing it and all applicable laws, regulations and requirements, including the requirements of the Inland Revenue for continued approval as an exempt approved scheme, and of trust law.
16.9 The Vendor has at all times complied with all the provisions of The Plan which apply t...
PENSIONS AND OTHER BENEFITS. The Disclosure Schedule sets forth a complete list of any agreement, arrangement, custom or practice currently in effect (whether legally enforceable or not) for the payment of, or payment of a contribution towards, any pensions, allowances, lump sums or other similar benefits on retirement, death, termination of employment, (voluntary or not) or during periods of sickness or disability (each, a “Benefit Plan”), currently in effect for the benefit of any current or former director, manager, Officer or other employee of the Company or for the benefit of the dependants of any such person, including amendments thereto. The Company has at all times made adequate provision for obligations payable by it under any Benefit Plan. With regard to all obligations currently payable by the Company under any Benefit Plan, all such amounts (a) are duly provisioned for, (b) have been duly funded in accordance with normal practices applicable to such schemes, and (c) have been paid in due course. No payments are outstanding. All Benefit Plans are, and are operated in compliance with, all Legal Requirements (including, but not limited to, non-discrimination principles thereof).
PENSIONS AND OTHER BENEFITS. 19.1.1 So far as the Sellers are aware but without qualification as to the awareness of the Management Seller, Mosaic (UK) has complied with all its obligations pursuant to the Welfare Reform and Pensions Axx 0000 and the Stakeholder Pensions Regulations 2000 (as amended).
19.1.2 The Disclosure Letter sets out a list of all those employees of the Target Group in respect of whom contributions are being made to the Stakeholder Pension Plan and the percentage rate and amount of the contributions made by the relevant Target Group Company in respect of each such employee at the date of this Agreement.
19.1.3 A true, complete and accurate copy of the Stakeholder Pension Plan explanatory booklet is set out in the Disclosure Letter.
19.1.4 No assurance, promise or guarantee (oral or written) has been made or given to an employee of a Target Group Company of a particular level or amount of benefits to be provided in respect of him or her pursuant to the Stakeholder Pension Plan on retirement, death or leaving employment. The Stakeholder Pension Plan provides only money purchase benefits as defined in section 181 of the Pxxxxxx Xxxxxxx Xxx 0000.
19.1.5 Other than the Stakeholder Pension Plan or save as otherwise set out in the Disclosure Letter, no Target Group Company is, or has ever been, or is preparing to be a party to any agreement or arrangement (whether legally enforceable or not and whether approved by a Taxation Authority or not) for the provision of pensions, allowances, lump sums or other like benefits on retirement, death or long term ill health for the benefit of any current or former directors, officers, employees, consultants or workers of any Target Group Company (or their dependents) nor has any Target Group Company provided or promised to pay any ex gratia pensions, lump sums or like benefits for any current or former directors, officers, employees, consultants or workers of any Target Group Company or their dependants.
19.1.6 All contributions (including fees and charges and expenses of whatever nature) which are payable by a Target Group Company under the Stakeholder Pension Plan which have fallen due for payment up to and including the date of this Agreement have been paid.
19.1.7 The Sellers are not aware that any proceedings, complaints or disputes concerning the pension rights of the Target Group’s employee have been lodged with or made to ORRA, OPAS or the Pensions Ombudsman and so far as the Sellers are aware but without qualification as to...
PENSIONS AND OTHER BENEFITS. 16.1 There is not in operation, and never has been and no proposal has been announced to enter into or establish, any pension scheme or other agreement or arrangement for the payment of, or payment of a contribution to towards, a pension, allowance, lump sum or other similar benefit on retirement, death, termination of employment or during periods of sickness or disablement, for the benefit of an employee or an employee(s) dependants.
16.2 So far as the Seller is aware, the Company has complied with its obligations to facilitate access to a stakeholder pension scheme in accordance with section 3 of the Welfare Reform and Pensions Axx 0000.
PENSIONS AND OTHER BENEFITS. Save as set out in the Disclosure Letter the Company has no present, past or future obligations to make any contributions of or to provide any pension benefits to the employees or officers of the Company. All payments in respect of such benefits are up to date.
