Pensions Plans Sample Clauses

Pensions Plans. Any Borrower or any Material Subsidiary that maintains or contributes to a plan that provides retirement or health benefits for its employees, has performed any material obligation provided in such plan in accordance with the terms thereunder and in accordance with any statute, order, rule or regulation applicable to such plan. In addition:
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Pensions Plans. Except as could not reasonably be expected to result in a Material Adverse Effect, the Parent Borrower and each of the Canadian Subsidiary Guarantors (a) shall cause each of its Pension Plans and Canadian Pension Plans to be duly qualified, registered , administered, funded and invested in all respects in compliance with, as applicable, Canadian Employee Benefits Legislation, ERISA and all other applicable laws (including regulations, orders and directives), and the terms of the Pension Plans or Canadian Pension Plans and any agreements relating thereto, and
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Pensions Plans. (a) In addition to the Canada Pension Plan, every employee shall join the Ontario Municipal Employee’s Retirement System, The Employer and the employee shall make contributions in accordance with the provisions of the Plan. In addition to the Canada Pension Plan, every part-time employee is being compensated in the wage rate for the other pension plan. The Employer shall notify each part-time Employee in writing when they become eligible to Hospital The Employer agrees to pay one hundred percent (100%) of the premium for semi-private hospital coverage. Employer Contribution to Life Insurance The Employer agrees to pay one hundred percent (100%) of the premium for Group Life and Accidental Death and Dismemberment in an amount equal to two (2) times an Employee’s regular annual salary, to the nearest one thousand dollars ($1,000). Office and clerical Employees, see Schedule Employer Contributions to Dental Plan The Employer shall contribute percent (75%) to a plan equivalent to the Blue Cross Basic Dental Insurance Plan for all full-time Employees and their dependents. The fee schedule for the previous year shall apply. Office and Clerical Employees, see Schedule Employer Contribution to Extended Health Care The Employer shall contribute percent (75%) of the premiums for an Extended Health Care Plan equivalent to the Blue Cross Extended Health Care Plan (no deductible on prescribed drugs).
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Pensions Plans. Neither the Corporation nor any Subsidiary has, nor have they ever had, a pension plan or deferred compensation plan for any of its employees, including but not limited to plans under the Employee Retirement Income Security Act of 1974 as Amended.
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Pensions Plans. The Borrower will not establish or become party to any employee benefit plan of the type referred to in Section 6.09 hereof.
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Pensions Plans. Establish or become party to any employee benefit plan of the type referred to in Section 6.10.
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Pensions Plans. With respect to all current and former Employees, no Seller maintains, contributes to or has any liability with respect to any Employee Pension Benefit Plan, whether or not terminated.
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Related to Pensions Plans

  • Pensions, etc To pay pensions for faithful service, as deemed appropriate by the Trustees, and to adopt, establish and carry out pension, profit sharing, share bonus, share purchase, savings, thrift, deferred compensation and other retirement, incentive and benefit plans, trusts and provisions, including the purchasing of life insurance and annuity contracts as a means of providing such retirement and other benefits, for any or all of the Trustees, officers, employees and agents of the Trust;

  • Pensions Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Pension All present employees enrolled in the Hospital's pension plan shall maintain their enrolment in the plan subject to its terms and conditions. New employees and employees not yet eligible for membership in the plan shall, as a condition of employment, enroll in the plan when eligible in accordance with its terms and conditions.

  • Qualified Plans With respect to each Employee Benefit Plan intended to qualify under Code Section 401(a) or 403(a) (i) the Internal Revenue Service has issued a favorable determination letter, true and correct copies of which have been furnished to Medical Manager, that such plans are qualified and exempt from federal income taxes; (ii) no such determination letter has been revoked nor has revocation been threatened, nor has any amendment or other action or omission occurred with respect to any such plan since the date of its most recent determination letter or application therefor in any respect which would adversely affect its qualification or materially increase its costs; (iii) no such plan has been amended in a manner that would require security to be provided in accordance with Section 401(a)(29) of the Code; (iv) no reportable event (within the meaning of Section 4043 of ERISA) has occurred, other than one for which the 30-day notice requirement has been waived; (v) as of the Effective Date, the present value of all liabilities that would be "benefit liabilities" under Section 4001(a)(16) of ERISA if benefits described in Code Section 411(d)(6)(B) were included will not exceed the then current fair market value of the assets of such plan (determined using the actuarial assumptions used for the most recent actuarial valuation for such plan); (vi) all contributions to, and payments from and with respect to such plans, which may have been required to be made in accordance with such plans and, when applicable, Section 302 of ERISA or Section 412 of the Code, have been timely made; and (vii) all such contributions to the plans, and all payments under the plans (except those to be made from a trust qualified under Section 401(a) of the Code) and all payments with respect to the plans (including, without limitation, PBGC (as defined below) and insurance premiums) for any period ending before the Closing Date that are not yet, but will be, required to be made are properly accrued and reflected on the Current Balance Sheet.

  • 401(k) Plans (a) From the Distribution Time and continuing until the 401(k) Plan Transition Date, SpinCo shall become an “adopting employer” (as defined in the Company 401(k) Plan) and the Company 401(k) Plan shall provide for the SpinCo Group to participate in the Company 401(k) Plan for the benefit of SpinCo Employees and Former SpinCo Service Providers, and the Company consents to such adoption and maintenance, in accordance with the terms of the Company 401(k) Plan.

  • Pension and Welfare Plans During the twelve-consecutive-month period prior to the date of the execution and delivery of this Agreement and prior to the date of any Credit Extension hereunder, no steps have been taken to terminate any Pension Plan, and no contribution failure has occurred with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA. No condition exists or event or transaction has occurred with respect to any Pension Plan which might result in the incurrence by the Borrower or any member of the Controlled Group of any material liability, fine or penalty. Except as disclosed in Item 6.11 of the Disclosure Schedule, neither the Borrower nor any member of the Controlled Group has any contingent liability with respect to any post-retirement benefit under a Welfare Plan, other than liability for continuation coverage described in Part 6 of Title I of ERISA.

  • Benefit Plans The Executive shall be entitled to participate in any benefit plans relating to stock options, stock purchases, awards, pension, thrift, profit sharing, life insurance, medical coverage, education, or other retirement or employee benefits available to other senior executive employees of the Company, subject to any restrictions (including waiting periods) specified in such plans.

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