Acquired Company Plan definition

Acquired Company Plan means (i) each “employee benefit plan” (within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA), and (ii) each other material employment, bonus, pension, profit sharing, deferred compensation, incentive compensation, excess benefit, equity (or equity-like), severance, change in control, fringe benefit, retention, salary continuation, paid time off, vacation or holiday, supplemental unemployment, or other employee benefit or compensation plan, program, policy, agreement or arrangement, in each case, whether funded or unfunded, subject to the Laws of the United States or otherwise, which is sponsored, maintained, contributed to or required to be contributed to by any Acquired Company or Joint Venture.

Acquired Company Plan has the meaning set forth in Section 3.23(a).

Acquired Company Plan. Section 3.15(a)

Examples of Acquired Company Plan in a sentence

• To Seller’s knowledge, each Acquired Company Plan has been operated in all material respects in accordance with its terms and the requirements of Applicable Law.

• To Seller’s knowledge, no Acquired Company Plan has an “accumulated funding deficiency” (within the meaning of Section 302 of ERISA and Section 412 of the Code).

• Nothing contained in this Section 5.4 is intended to limit Buyer’s ability to modify, amend or terminate any Acquired Company Plan in accordance with the terms thereof.

• To Seller’s knowledge, each Acquired Company Plan intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS to the effect that it is so qualified, and to Seller’s knowledge, nothing has occurred since the date of such letter to adversely affect the qualified status of each such plan.

• To Seller’s knowledge, there have been no non-exempt “prohibited transactions” within the meaning of Section 4975 of the Code or Section 406 of ERISA with respect to any Acquired Company Plan subject to 401(a) of the Code to which either of those sections may apply that could reasonably be expected to result in a material liability to any of the Acquired Companies.

More Definitions of Acquired Company Plan

Acquired Company Plan means each Plan sponsored, maintained or required to be maintained or contributed to by the Acquired Companies for

Acquired Company Plan means each material “employee benefit plan,” as defined in Section 3(3) of ERISA, 29 U.S.C. §1002(3) (without regard to whether ERISA applies thereto), and each other material employee benefit or compensation plan or arrangement, including any bonus, deferred compensation, incentive compensation, severance, health and welfare plan, sponsored or maintained solely by one or more of the Acquired Companies.

Acquired Company Plan means any “employee benefit plan” (as defined in Section 3(3) of ERISA), whether or not subject to ERISA, any other employee benefit plan, program, policy, arrangement or agreement, including any pension, retirement, profit-sharing, thrift, savings, bonus plan, incentive, stock option or other equity or equity-based compensation, or deferred compensation arrangement, stock purchase, severance pay, retention, change of control, unemployment benefits, sick leave, vacation pay, salary continuation for disability, hospitalization, health or medical insurance, life insurance, fringe benefit, compensation, flexible spending account or scholarship program or arrangement, and any employment, consulting, retention, change in control, severance or similar agreement, practice, policy or arrangement maintained by any Acquired Company, to which any Acquired Company is a party, to which any Acquired Company contributes or is obligated to contribute, or with respect to which any Acquired Company has any Liability.

Acquired Company Plan is defined in Section 3.15.1.

Acquired Company Plan means an Employee Benefit Plan that is sponsored and maintained by an Acquired Company. Seller will provide as Schedule I a list of Acquired EMPLOYEE MATTERS AGREEMENT PROJECT AUGUSTA/CONFIDENTIAL DOCUMENT Company Plans, other than plans that involve participation that is required by applicable Law in government benefit schemes. A draft of Schedule I shall be provided by the Seller on the Effective Date listing the material Acquired Company Plans that are sponsored and maintained by Acquired Companies that employ thirty (30) or more Non-U.S. Employees. A final version of Schedule I shall be provided within thirty (30) days after the Effective Date. The Seller agrees to provide prompt notice to the Purchaser if any Employee Benefit Plan not identified on Schedule I will become an Acquired Company Plan between the Effective Date and the Initial Closing Date.

Acquired Company Plan means any Plan sponsored or maintained by any Acquired Company or by the Company or to which the Company or any of the Acquired Companies is a party or required to contribute.

Acquired Company Plan means any Plan to which any of the Acquired Companies (or any ERISA Affiliate on behalf of a Acquired Company) contributes to, is a party to, is bound under or may have liability with respect to (or at any time during the six (6) year period preceding the date hereof has contributed, been a party to, been bound under or had liability with respect to) and under which directors, employees, independent contracts, consultants or other members of the workforce of a Acquired Company are eligible to participate or derive a benefit.