Applicable Benefit Plan definition

Applicable Benefit Plan means any written employee benefit plan in effect and in which the Executive participates as of the time of the termination of his employment.

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Applicable Benefit Plan means any written employee benefit plan in effect and in which the Executive participates as of the time of the termination of his or her employment.

Applicable Benefit Plan means any written employee benefit plan in effect and in which the Executive participates as of the time

Examples of Applicable Benefit Plan in a sentence

If the Executive’s employment terminates for any reason or no reason, the Executive shall not be entitled to any compensation, benefits, damages, awards or other payments in respect of such termination, except as provided in this Agreement or pursuant to the terms of any Applicable Benefit Plan.
Notwithstanding anything to the contrary herein, the Executive or his estate shall be entitled to any and all compensation, benefits, awards and other payments required by any Applicable Benefit Plan, the COBRA Act or other applicable law, after taking into account the agreements set forth herein.
Notwithstanding anything to the contrary herein, the Executive or his or her estate shall be entitled to any and all compensation, benefits, awards and other payments required by any Applicable Benefit Plan, the COBRA Act or other applicable law, after taking into account the agreements set forth herein.
Notwithstanding anything to the contrary herein, the Executive or his or her estate shall be entitled to receive any and all compensation, benefits, awards and other payments required by any Applicable Benefit Plan, the COBRA Act or other applicable law, (the “Legal Benefits”) at such times and in such manner as set forth in the Applicable Benefit Plan, COBRA Act or other applicable law.
If the Executive's employment terminates for any reason or no reason, the Executive shall not be entitled to any compensation, benefits, damages, awards or other payments in respect of such termination, except as provided in this Agreement or pursuant to the terms of any Applicable Benefit Plan.
The phrases "Applicable Benefit Plan" and "Applicable Benefit Plans" shall include, without limitation, (i) each and every Benefit Plan which, at any time up to the Closing, was sponsored by, was contributed to or required to be contributed to by, or was otherwise connected with, the Company.
The Company has no Benefit Plan or Applicable Benefit Plan other than a Simple IRA Plan that the Company wi▇▇ terminate and cease funding at Closing.
The term "Applicable Benefit Plan Costs" shall mean the aggregate of all contributions, penalties, taxes, interest, costs, fees, expenses, charges and other amounts in excess of $260,000 incurred in relation to all remediation connected with each Applicable Benefit Plan before or after Closing but is initiated prior to the Closing.
Notwithstanding anything in this Agreement to the contrary, the Company and the Shareholders do hereby agree and covenant that, (i) as of the Closing, the Company shall sponsor no Benefit Plan or Applicable Benefit Plan (defined hereinafter); and (ii) as of the Closing, the Company shall not have any liability, or responsibility to act or omit to act in any regard, in relation to any Benefit Plan or Applicable Benefit Plan.
Notwithstanding anything to the contrary herein, upon the Executive’s termination of employment for any reason, the Executive (or his estate) shall be entitled to any and all compensation, benefits, awards and other payments required by any Applicable Benefit Plan[, or the COBRA Act]1 or other applicable law, after taking into account the agreements set forth herein.

More Definitions of Applicable Benefit Plan

Applicable Benefit Plan means any written employee benefit plan in effect and in which the Executive participates as

Applicable Benefit Plan means, as to a given Investor, each “employee benefit plan” (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)), “multiple employer welfare arrangement” (as defined in Section 3(40) of ERISA), severance, employment, change-in-control, equity or cash incentive, and any other employee (or post-employment) benefit plans, programs, agreements or other arrangements which are contributed to, sponsored by or maintained by any of such Investor’s Acquired Entities and as to which any such Acquired Entity has any obligation or liability, contingent or otherwise, for current or former employees or directors of any such Acquired Entity, in each case other than any governmental or other statutorily mandated plan or program. Each Investor has made available to the other Investor correct and complete copies of: (i) each Applicable Benefit Plan (or, in the case of any such Applicable Benefit Plan that is unwritten, descriptions thereof); (ii) for the most recent year (A) the annual reports on Form 5500 and attached schedules required to be filed with the IRS with respect to each Applicable Benefit Plan (if any such report was required) and (B) audited financial statements, if applicable; (iii) the most recent summary plan description for each Applicable Benefit Plan for which such summary plan description is required; and (iv) each trust agreement, insurance or group annuity contract, and other funding arrangements relating to any Applicable Benefit Plan.

Applicable Benefit Plan and "Applicable Benefit Plans" shall exclude only the fully-insured health and accident plan sponsored for only the eligible employees of Diabetes Self Care, Inc. (the benefits under which are underwritten by Allmerica Health Insurance Company); and such excluded plan is referred to in this paragraph 10 as the "Assumed Plan."