Business Benefit Plans definition

Business Benefit Plans shall have the meaning ascribed thereto in Section 4.13(a) hereof.

Business Benefit Plans means any Employee Benefit Plan maintained, or contributed to, by a Seller, or any ERISA Affiliate for the benefit of Business Employees (and their beneficiaries) that are material to the Business.

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

Examples of Business Benefit Plans in a sentence

• After the date of this Agreement, Seller and Purchaser shall cooperate promptly and in good faith in preparing the transition of the Purchaser Employees, as applicable, from coverage under the Business Benefit Plans to coverage under the Purchaser Benefit Plans and/or the Miraclon Entity Benefit Plans in accordance with this Section 5.6 effective as of the Closing Date or the Deferred Closing Date, as applicable.

• How the social web supportspatient experimentation with a new therapy: the demand for patient-controlled and patient-centered informatics.

• Except as otherwise provided in this Section 9.5 or as otherwise required by applicable law, the Business Employees shall cease to participate in or accrue further benefits under the Business Benefit Plans immediately prior to the Closing Date.

• However, if material is encountered which might contain asbestos or ifthe Contractor believes it might contain asbestos and it must be disturbed, the Contractor, employees and/or subcontractors shall avoid coming in contract with the material and immediately cease work.

• The list also separately identifies whether any such Business Benefit Plans are defined benefit pension or termination indemnity plans.

More Definitions of Business Benefit Plans

Business Benefit Plans means all "employee benefit plans" within the meaning of Section 3(3) of ERISA and any other employee plans, agreements, programs, practices, policies, trusts or arrangements (whether written or unwritten, funded or unfunded, insured or self-insured, domestic or foreign (other than any schemes or arrangements mandated by a government outside of the United States)) (1) established, maintained, sponsored or contributed to (or with respect to which any obligation to contribute has been undertaken) within the last six complete calendar years by any Seller or any Seller ERISA Affiliate, on behalf of any employee, director or shareholder of the Business (whether current, former or retired) or their beneficiaries and (2) with respect to which any Seller or any Seller ERISA Affiliate has or has had any obligation on behalf of any such employee, director, shareholder or beneficiary.

Business Benefit Plans has the meaning given in Section 2.8(b).

Business Benefit Plans is defined in Section 10.1.(f).

Business Benefit Plans means all “employee benefit plans,” as defined in Section 3(3) of ERISA, and all other material employee benefit arrangements or payroll practices, including bonus plans, consulting or other compensation agreements, incentive, equity or equity-based compensation, retention, change in control, deferred compensation arrangements, stock purchase, severance pay, sick leave, vacation pay, salary continuation, disability, hospitalization, medical insurance, life insurance, scholarship programs maintained, contributed to or required to be maintained or contributed to by Seller or any of its ERISA Affiliates, providing benefits to any current or former Business Employee.

Business Benefit Plans means, collectively, the U.S. Business Benefit Plans and the Non-U.S. Business Benefit Plans.

Business Benefit Plans shall have the meaning set forth in the Merger Agreement.

Business Benefit Plans means (i) each and all "employee benefit plans," as defined in Section 3(3) of ERISA, maintained or contributed to by the Business or Code Affiliate or in which the Business or Code Affiliate participates or participated and which provides benefits to Employees, Code Affiliate Employees or independent contractors or their dependents, and (ii) whether or not an "employee benefit plan" as so defined, each and all pension, supplemental pension, accidental death and dismemberment, life and health insurance benefits (including medical, dental, vision and hospitalization), workers' compensation, short and long-term disability, savings, bonus, deferred compensation, incentive compensation, holiday, vacation, severance pay, salary continuation, sick pay, sick leave, tuition reimbursement, service award, company car, scholarship, relocation, patent award, profit sharing, stock based compensations, fringe benefit and other employee benefit arrangements, plans, contracts (including individual employment agreements or consulting contracts), policies or practices of the Business or Code Affiliate (either written or oral) providing employee or executive compensation or benefits to one or more Employees or Code Affiliate Employees or independent contractors or their dependents. Notwithstanding the foregoing, the term "Business Benefit Plans" shall include only those plans, contracts, policies, practices and arrangements of Code Affiliates with respect to which the Business has or could have material liability, either under the terms thereof or under the Code, ERISA or other applicable law, including, without limitation, all "employee pension benefit plans" as defined under Section 3(2) of ERISA, and all employee benefit plans which provide health or life insurance benefits after termination of employment (excluding benefits provided pursuant to COBRA).