US Benefit Plans. Full details of the PartnerRe US Benefit Plans are contained in the official Plan documents, which are available at the office of the Plan Administrator. PartnerRe US reserves the right to modify, discontinue or terminate any benefit or benefit plan and to implement any changes at any time, and for any reason, at its sole discretion You will be eligible for all the US Benefit Plans as set-up and administered for all US Company employees, as may be changed from time to time. These currently include: Health Coverage – Major Medical, Dental and Hospitalization Group Term Life Insurance Short and Long Term Disability Accidental Death and Dismemberment 401k Plan 5 weeks vacation per calendar year Personal Days: 3 per calendar year Paid Holidays: 12 per calendar year Free Parking
US Benefit Plans. Full details of the PartnerRe US Benefit Plans are contained in the official Plan documents, which are available at the office of the Plan Administrator. PartnerRe US reserves the right to modify, discontinue or terminate any benefit or benefit plan and to implement any changes at any time, and for any reason, at its sole discretion You will be eligible for all the US Benefit Plans as set-up and administered for all US Company employees, as may be changed from time to time. These currently include: Health Coverage – Major Medical, Dental and Hospitalization Group Term Life Insurance Short and Long Term Disability Accidental Death and Dismemberment 401k Plan Restoration and Salary Deferral Plan 5 weeks vacation per calendar year Personal/Floating Days: 5 per calendar year Paid Holidays: 10 per calendar year Free Parking
US Benefit Plans. Section 3.12(a) of the Disclosure Schedules lists each material employment, deferred compensation, stock option, stock purchase, stock appreciation right, equity-based compensation, incentive, bonus, tuition reimbursement, pension, savings, profit-sharing, retirement, medical, vacation, retiree medical, dental, life, disability, death benefit, group insurance, severance pay plan, other material agreement (including any severance, change in control or similar agreement) or material fringe benefit plan or arrangement (including any “employee benefit plan” within the meaning of Section 3(3) of ERISA) that is maintained or sponsored by a Seller or a Transferred Entity and that covers any Employee in the United States Business, other than statutory plans (each a “U.S. Benefit Plan” and collectively, the “U.S. Benefits Plans”). Seller has made available to Purchaser complete and correct copies of each such U.S. Benefit Plan. Each U.S. Benefit Plan intended to be qualified under section 401(a) of the Code, and the trust (if any) forming a part thereof, has received a favorable determination letter from the IRS and, to the Knowledge of Chemtura, there are no existing circumstances or events that would reasonably be expected to result in any revocation of, or a change to, such determination letter. Each U.S. Benefit Plan has been operated, in all material respects, in accordance with applicable Law.
US Benefit Plans. (i) Each U.S. Benefit Plan is and except for any noncompliance for which all Liabilities have been satisfied, has been in, compliance (both as to documentation and administration) in all material respects with the terms of such U.S. Benefit Plan and all Applicable Laws. Each U.S. Benefit Plan that is intended to be qualified under Section 401(a) of the Code or Section 401(k) of the Code has received a favorable determination letter from the IRS covering all of the provisions applicable to the U.S. Benefit Plan for which determination letters are available as of the date of this Agreement that the U.S. Benefit Plan is so qualified and each trust established in connection with any U.S. Benefit Plan which is intended to be exempt from federal income taxation under Section 501(a) of the Code has received a determination letter from the IRS that it is so exempt, and nothing has occurred and no condition exists which could reasonably be expected to result in the loss of such qualification or the imposition of any liability, penalty or tax under ERISA or the Code.
US Benefit Plans. Except as disclosed on Schedule 4.1(n):
US Benefit Plans. (i) As applicable with respect to each U.S. Benefit Plan, the Company and its Subsidiaries have delivered to Buyer, true and complete copies of (i) each U.S. Benefit Plan, including all amendments thereto, and in the case of an unwritten U.S. Benefit Plan, a written description thereof, (ii) all trust documents, investment management contracts, custodial agreements and insurance contracts relating thereto, (iii) the current summary plan description and each summary of material modifications thereto, (iv) the most recently filed annual reports (Form 5500 and all schedules thereto), (v) the most recent Internal Revenue Service (“IRS”) determination or opinion letter and each currently pending application to the IRS for a determination letter and (vi) all records, notices and filings concerning IRS or Department of Labor audits or investigations, “prohibited transactions” within the meaning of Section 406 of ERISA or Section 4975 of the Code and “reportable events” within the meaning of Section 4043 of ERISA.
US Benefit Plans. (i) With respect to each U.S. Benefit Plan, including both ERISA Plans and Non-ERISA Plans, the Share Sellers have made available to the Buyer a copy of the plan documents and any applicable summaries thereof and, if applicable, the most recent copies of the following: summary plan description or other written summary, actuarial estimates of Benefit Plan liabilities, Form 5500 with all attachments for the last year, financial statements for the Benefit Plans for the last year, trust agreements, and determination or qualification letter from the IRS.
US Benefit Plans. (i) Each US Benefit Plan applicable to the Flu Business Employees has been administered in compliance with the terms of such US Benefit Plan and all Applicable Laws, except for failures that would not reasonably be expected to have a material adverse effect.
US Benefit Plans. Subject to applicable Laws (including, without limitation, all applicable data protection Laws), Schedule 2.21 lists each “U.S. employee benefit plan” (within the meaning of ERISA section 3(3), including, without limitation, multiemployer plans within the meaning of ERISA section 3(37)) and all material severance, employment, change-in-control, fringe benefit, bonus, incentive, deferred compensation and all other material employee benefit plans, agreements, programs, policies or other arrangements, whether or not subject to ERISA, whether oral or written under which any U.S. Business Employee or former U.S. Business Employee has any present or future right to compensation or employee benefits and pursuant to which the Business could have any material liability (“U.S. Benefit Plans”). Sellers acknowledge that the scope of the representations and warranties contained in this Section 2.21 have been limited as a result of the inclusion of liabilities under any U.S. Benefit Plan as Retained Liabilities, and Sellers’ indemnification of the Buyer Indemnified Parties from and against any Losses resulting therefrom pursuant to Section 8.2 (it being acknowledged and agreed by the Parties that the foregoing in no way increases any remedies of Buyers or any liabilities Sellers (including without limitation any closing conditions or indemnification) with respect to the transactions contemplated hereby).
US Benefit Plans. All benefit plans affecting US Employees conform to, and the administration thereof is in compliance with, their respective terms and all applicable laws and regulations, including without limitation the Employee Retirement Income Security Act, as amended (“ERISA”) and the United States Internal Revenue Code of 1986, as amended (the “Code”). All contributions required, by law or by contract, to be made to any such benefit plan by the BOMAG Group Companies for any plan year, or other period on the basis of which contributions are required, ending before the date hereof, and as of the Closing Date have been and will be made. The BOMAG Group Companies have complied in all material respects with all reporting and disclosure requirements with respect to each such benefit plan. The BOMAG Group Companies have not participated, maintained, contributed or incurred any liability or obligation with respect to, nor will any of the Purchaser Group be required to participate, maintain or contribute or make payment to, or have any liability or obligation under or with respect to, any multi-employer employee benefit plan (whether by reason of being a member of an affiliated group of companies, one of which maintains such a plan, or otherwise). There are no unfunded accrued benefits under any such benefit plans.
