Examples of Benefit Program or Agreement in a sentence
The Company shall retain responsibility for the payment of any employee benefits or entitlement, including severance pay, accrued vacation, sick, or holiday pay, to any Business Employee pursuant to any Plan, Benefit Program or Agreement, or law or regulation as a result of the consummation of the transactions contemplated hereby.
TTS has no knowledge of any fact, condition or circumstance since the date of the documents provided in accordance with Section 3.12(f) which would materially affect the information contained therein and, in particular, and without limiting the generality of the foregoing, no promises or commitments have been made by TTS to amend any Benefit Program or Agreement or to provide increased benefits thereunder to any employee, dependant or independent contractor, except as required by law.
No insurance contract or any other contract or agreement affecting a Benefit Program or Agreement requires or permits a retroactive increase in premiums or payments, loss sharing arrangement or other actual or contingent liability due thereunder.
The level of insurance reserves under each insured Benefit Program or Agreement is reasonable and sufficient to provide for all incurred but unreported claims.
No notice has been received by TTS, NTL or its Affiliates of any complaints or other proceedings of any kind involving TTS or, to the best knowledge of NTL, any TTS Employees before any Authority relating to any Benefit Program or Agreement.