Acquired Company Benefit Plan definition

Acquired Company Benefit Plan means each Benefit Plan that is (a) sponsored, maintained or contributed to solely by the Acquired Companies or (b) exclusively for the benefit of the Company Employees or Former Company Employees.

Acquired Company Benefit Plan means any Benefit Plan, or portion thereof, that is sponsored, maintained or contributed to, or that is required to be sponsored, maintained or contributed to (a) solely by any Acquired Company or, other than for purposes of Article 3, any Principal JV Entity or (b) by the Seller Business Group and is exclusively for the benefit of the Business Employees, in each case, excluding any Benefit Plan that provides defined benefit pension benefits to current or former employees primarily employed in the United Kingdom.

Acquired Company Benefit Plan means any AS&O Business Benefit Plan solely sponsored, maintained or contributed to by, or for, any Acquired Company.

Examples of Acquired Company Benefit Plan in a sentence

• Each Acquired Company Benefit Plan is exclusive to the Business and does not cover employees of Seller or any of its Affiliates other than the Company Employees and Former Company Employees.

• No contribution notice or financial support direction under the United Kingdom Pensions Act 2004 has been issued to any Acquired Company or to any other Person in respect of any Acquired Company Benefit Plan and there is no fact or circumstance likely to give rise to any such notice or direction.

• Nothing contained in this Agreement shall constitute or be deemed to be an amendment to any Acquired Company Benefit Plan (including any Assumed Benefit Plan), Buyer Benefit Plan or any other compensation or benefit plan, program or arrangement of Buyer, Seller, the Acquired Companies and their respective Subsidiaries.

• No events have occurred with respect to any Acquired Company Benefit Plan that could result in a material payment or assessment by or against the Company of any excise taxes under Sections 4972, 4975, 4976, 4977, 4979, 4980B, 4980D, 4980E or 5000 of the Code.

• No Acquired Company Benefit Plan that is subject to the laws of a jurisdiction other than the United States is a defined benefit pension plan.

More Definitions of Acquired Company Benefit Plan

Acquired Company Benefit Plan means any Plan for which the Acquired Companies are or have been the "plan sponsor" (as defined in Section 3(16)(B) of ERISA) or any Plan the Acquired Companies have maintained or to which the Acquired Companies are obligated to make payments or have or may have any liability.

Acquired Company Benefit Plan means any employee benefit plan, program, policy, practice, or other arrangement providing compensation or benefits to any Business Employee or any beneficiary or dependent thereof that is sponsored or maintained by an Acquired Company or any of its Subsidiaries or to which an Acquired Company or any of its Subsidiaries contributes or is obligated to contribute, on behalf of any Business Employee, including any employee welfare benefit plan within the meaning of Section 3(1) of ERISA, any employee pension benefit plan within the meaning of Section 3(2) of ERISA (whether or not such plan is subject to ERISA) and any bonus, incentive, performance, equity or stock or stock related, deferred compensation, vacation, stock purchase, stock option, severance, employment, change of control, supplemental unemployment benefit, vacation, sick or paid time off benefit, or fringe benefit plan, arrangement, program or policy.

Acquired Company Benefit Plan shall have the meaning set forth in Section 3.19(a)(iii).

Acquired Company Benefit Plan means each Benefit Plan (i) sponsored or maintained by Seller or a Subsidiary of the Seller (including any Acquired Company) for the exclusive benefit of any Company Service Provider, (ii) entered into between any Acquired Company and any Company Service Provider or (iii) with respect to which any Acquired Company has or may have liability.

Acquired Company Benefit Plan means each Benefit Plan that is (a) sponsored and maintained solely by an Acquired Company,

Acquired Company Benefit Plan has the meaning set forth in Section 3.12(a). “Acquisition” has the meaning set forth in the Recitals.

Acquired Company Benefit Plan means any Benefit Plan that is maintained or contributed to by the Acquired Company for the benefit of the Affected Employees. Except as set forth in Section 3.15(a)(ii) of the Acquired Company Disclosure Schedule, each Acquired Company Benefit Plan has been established and administered in all material respects in accordance with its terms and in compliance with the applicable provisions of ERISA, the Code and other applicable Laws, and each Acquired Company Benefit Plan intended to qualify under section 401(a) of the Code is the subject of a favorable determination or opinion letter from the U.S. Internal Revenue Service as to its qualified status and no event has occurred and no condition exists which would be reasonably likely to result in the revocation of any such determination or opinion.