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Common use of WELFARE PLAN Clause in Contracts

WELFARE PLAN. Each “employee welfare plan” as defined in ERISA section 3(1), including medical reimbursement benefits provided under a Fringe Benefit Plan subject to Code section 125 and health reimbursement arrangements. The term “Welfare Plan” includes an “employee welfare plan” which is subject to an exemption under ERISA. The term “Welfare Plan” shall include any terminated “employee welfare plan” previously maintained, sponsored, or contributed to by the Company or any ERISA Affiliate which, as of the date of this Agreement, has not distributed all of its assets or satisfied all of its Liabilities.

Appears in 4 contracts

Samples: Merger Agreement (Associated Banc-Corp), Merger Agreement (State Financial Services Corp), Merger Agreement (Associated Banc-Corp)

WELFARE PLAN. Each "employee welfare plan" as defined in ERISA section 3(1), including medical reimbursement benefits provided under a Fringe Benefit Plan subject to Code section 125 and health reimbursement arrangements. The term "Welfare Plan" includes an "employee welfare plan" which is subject to an exemption under ERISA. The term "Welfare Plan" shall include any terminated "employee welfare plan" previously maintained, sponsored, or contributed to by the Company (for purposes of Section 2.10) or Associated (for purposes of Section 3.18) or any ERISA Affiliate which, as of the date signing of this Agreement, has not distributed all of its assets or satisfied all of its Liabilities.

Appears in 1 contract

Samples: Merger Agreement (First Federal Capital Corp)