Examples of Acquired Companies Employee in a sentence
No Acquired Companies Employee Plan and no grants, awards or benefits thereunder are subject to Section 409A(a) or 409A(b) of the Code or, if subject to Section 409A(a) of the Code, have failed or will fail, in form or operation, to meet the requirements of Section 409A(a)(2), 409A(a)(3) or 409A(a)(4) of the Code.
Part 2.16(e) of the Disclosure Schedule contains an accurate and complete list of each Acquired Companies Employee Plan and each Acquired Companies Employee Agreement (other than at-will offer letters that contain no severance or change of control provisions).
There are no pending or, to the Knowledge of the Seller and each Acquired Company, threatened claims (other than routine claims for benefit) or lawsuits with respect to the Acquired Companies Employee Plans.
All of the Acquired Companies' Employee Benefit Plans and any related trust agreements or annuity contracts (or any other funding instruments) currently comply in all respects, and have so complied in the past, both as to form and operation, with all applicable Laws, including ERISA and the Code.
Except as set forth in Part 2.16(b) of the Disclosure Schedule (which shall list the title of any employee being listed and the date any leave of absence began), as of the date of this Agreement, there is no current Acquired Companies Employee who is not fully available to perform work by virtue of being on any type of leave of absence.
All contributions to, and material payments from, any Acquired Companies Employee Plan which were required to be made in accordance with the terms of such Acquired Companies Employee Plan or any applicable Legal Requirement have been timely made, and all contributions for any period ending on or before the Closing Date which are not yet due, but will be paid on or prior to the Closing Date, are reflected as an accrued liability on the Unaudited Interim Balance Sheet.
None of the Acquired Companies Employee Plans is a “registered pension plan”, a “deferred profit sharing plan”, a “retirement compensation arrangement”, a “registered retirement savings plan” or a “tax-free savings account” as such terms are defined in the Tax Act.
No Acquired Companies Employee Plan provides health benefits that are not fully insured through an insurance contract other than a health flexible spending account (FSA).
Each of the Acquired Companies Employee Plans has been operated and administered in all material respects in accordance with applicable Legal Requirements, including, without limitation, the Code and ERISA.
No Acquired Companies Employee Plan provides (except at no cost to any of the Acquired Companies), or reflects or represents any liability of any of the Acquired Companies to provide, life insurance, health benefits or other employee welfare benefits to any Person for any reason beyond their termination of employment, except as may be required by COBRA or other applicable law.