Bank Benefit Plans definition

Bank Benefit Plans shall have the meaning stated in Section 3.11(a).
Sample 1
Bank Benefit Plans shall have the meaning set forth in Section 5.14(a) of this Agreement.
Sample 1
Bank Benefit Plans means all “employee benefit plans” (as defined in Section 3(3) of ERISA), whether or not subject to ERISA, and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree medical or life insurance, supplemental retirement, severance or other benefit plans, programs or arrangements, and all retention, employment, termination, severance or other contracts or agreements to which Bank or any of its ERISA Affiliates is a party, with respect to which Bank or any of its ERISA Affiliates has any current or future obligation or that are maintained, contributed to or sponsored by Bank or any of its ERISA Affiliates for the benefit of any current or former employee, officer, director or individual independent contractor of Bank or any of its ERISA Affiliates.
Sample 1

Examples of Bank Benefit Plans in a sentence

  • The Minority Bank is not in default in performing any of its contractual obligations under any of the Minority Bank Benefit Plans or any related trust agreement or insurance contract.

  • None of the Minority Bank Benefit Plans is a “defined benefit plan” (as defined in Section 414(j) of the Code) and the Minority Bank has not at any time maintained such a plan.

  • Each individual who renders services to Seller or the Bank is properly classified as having the status of an employee or independent contractor or other non-employee status (including for purposes of taxation and Tax reporting and under the Bank Benefit Plans).

  • Tower’s review shall take into consideration benefits that were provided to employees under the Greencastle and Graystone Bank Benefit Plans and benefits provided by peer institutions in the establishment of the new and/or amended benefit plans provided by Tower or its Subsidiaries to employees after the Effective Date.

  • First Community, the Wholly Owned Bank and the Minority Bank Board shall together review the Minority Bank Benefit Plans and the coverages provided thereunder.

  • Following the second anniversary of the Closing, each Continuing Employee shall be eligible to participate in and receive severance benefits under those Surviving Bank Benefit Plans of the Surviving Bank in which similarly situated employees of the Surviving Bank are eligible to participate (after giving effect to service crediting described in Section 6.6(b)).

  • No event has occurred or circumstance exists that could result in an increase in premium costs of insured or self-insured Bank Benefit Plans that would have a Bank Material Adverse Effect.

  • Schedule 4.23 contains a complete and accurate list of all Bank Benefit Plans.

  • Any Bank Benefit Plans that is required to be funded has been funded in accordance with Section 412 of the Code, and no Bank Benefit Plan has, or as of the Closing Date will have, any unfunded benefit liabilities for which the Bank would be liable under Title IV of ERISA upon termination of such Bank Benefit Plan.

  • Seller has provided to the Purchaser true, complete and correct (in all material respects) copies of summary plan descriptions (and related amendments or summary of material modifications) for the Bank Benefit Plans.


More Definitions of Bank Benefit Plans

Bank Benefit Plans has the meaning set forth in Section 4.16(a).
Sample 1
Bank Benefit Plans means any “employee benefit plans,” as defined in Section 3(3) of ERISA, profit-sharing, bonus, stock option, stock purchase, pension, retirement, severance, deferred compensation, excess benefit, post-retirement medical or life insurance, sick leave, long-term disability, medical, hospitalization, life insurance, other insurance or employee benefit plan, maintained or sponsored by the Bank or its Subsidiaries exclusively for the benefit of any current or former employee of the Bank or its Subsidiaries.
Sample 1
Bank Benefit Plans means each profit sharing, group insurance, hospitalization, stock option, pension, retirement, bonus, deferred compensation, stock bonus, stock purchase or other employee welfare or benefit agreement, and any other plan or arrangement constituting an “employee benefit plan” as defined in Section 3(3) of ERISA, now or hereafter established, maintained, sponsored, undertaken or contributed to by the Bank for the benefit of the officers, directors or employees of the Bank, including each trust or other agreement with any custodian or any trustee for funds held under any such agreement, plan or arrangement, and all other contracts or arrangements under which pensions, deferred compensation or other retirement benefits are being paid or may become payable by the Bank.
Sample 1
Bank Benefit Plans shall have the meaning set forth in Section 5.12.
Sample 1
Bank Benefit Plans means each “employee benefit plan” as defined in Section 3(3) of ERISA, whether or not subject to ERISA, and each employment, consulting, bonus, incentive or deferred compensation, retirement or post-retirement, vacation, stock option, stock purchase, stock appreciation rights, stock based or other equity-based, severance, termination, retention, change of control, profit-sharing, fringe benefit or other similar plan, program, agreement or commitment, whether written or unwritten, for the benefit of any employee, former employee, director or former director of the Bank entered into, maintained or contributed to by the Bank or to which the Bank is obligated to contribute, or with respect to which the Bank has any liability, direct or indirect, contingent or otherwise (including any liability arising out of an indemnification, guarantee, hold harmless or similar agreement) or otherwise providing benefits to any current, former or future employee, officer or director of the Bank or to any beneficiary or dependant thereof.
Sample 1

Related to Bank Benefit Plans

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.