Petrominerales Plans Sample Clauses

Petrominerales Plans. (i) The Disclosure Letter contains a complete list of all material health, welfare, supplemental unemployment benefit, bonus, profit sharing, option, insurance, incentive, incentive compensation, deferred compensation, share purchase, share compensation, disability, pension or supplemental retirement plans and other material employee or director compensation or benefit plans, policies, trusts, funds, agreements or arrangements for the benefit of directors or former directors of Petrominerales, Petrominerales Employees or former Petrominerales Employees, which are maintained by or binding upon Petrominerales or in respect of which Petrominerales has any actual or potential liability (but for greater certainty, including the Stock Option Plan, Deferred Common Share Plan Incentive Common Share Plan, ESOP Plan and SAR Plan and excluding any plans maintained by a Governmental Entity pursuant to statute) (collectively, Petrominerales Plans). (ii) All Petrominerales Plans are and have been established, registered, qualified, funded and, in all material respects, administered in accordance with all applicable Laws, and in accordance with their terms, the terms of the material documents that support such Petrominerales Plans and the terms of agreements between Petrominerales and Petrominerales Employees and former Petrominerales Employees who are members of, or beneficiaries under, Petrominerales Plans. (iii) All current obligations of each Petrominerales Entity regarding Petrominerales Plans have been satisfied in all material respects. All contributions, premiums or Taxes required to be made or paid by each Petrominerales Entity under the terms of each Petrominerales Plan or by applicable Laws in respect of Petrominerales Plans have been made in a timely fashion in accordance with applicable Laws in all material respects and in accordance with the terms of the applicable Petrominerales Plan in all material respects. As of the date hereof, no currently outstanding notice of underfunding, non-compliance, failure to be in good standing or otherwise has been received by any Petrominerales Entity from any applicable Governmental Entity in respect of any Petrominerales Plan that is a pension or retirement plan. (iv) To the knowledge of Petrominerales, no Petrominerales Plan is subject to any pending Proceeding initiated by any Governmental Entity, or by any other party (other than routine claims for benefits) and, to the knowledge of Petrominerales, there exists no sta...