Business Employee Plans definition

Business Employee Plans has the meaning set forth in Section 3.19(a).
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Business Employee Plans has the meaning set forth in Section 2.15(b).
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Business Employee Plans has the meaning set forth in Section 5.9(a).
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Examples of Business Employee Plans in a sentence

  • Approve Change Order No. 4 and Payment Estimate No. 4 and Final for the Center Street Ramp Water Main Project ­ 2010 (Council Memo #473­11) A communication from the City Manager contained his recommendation that the Mayor and Council approve Change Order No. 4 in the amount of $4,188.60 and Payment Estimate No. 4 and Final in the amount of $5,685.14 on behalf of Construction by Camco, Inc.

  • True, correct, and complete copies of all documents evidencing the Sellers’ Business Employee Plans have been made available to Buyer, along with any amendments.

  • From and after the Closing, the Acquired Group Companies shall, and Purchaser shall cause the Acquired Group Companies to honor all Business Employee Plans and compensation arrangements and agreements with Business Employees in accordance with their terms as in effect immediately before the Closing.

  • Sellers shall cause all benefits due and payable to Transferred Employees under any Retained Business Employee Plans to be paid to such Transferred Employees in accordance with the terms of the applicable Retained Business Employee Plans.

  • Sellers have made available to Purchaser copies of the most recent favorable determination letters for all Business Employee Plans qualified under Section 401(a) of the Code.

  • For each of the Assumed Business Employee Plans, Seller has also made available to Purchaser a true, complete, and correct copy of the current plan document(s) with all amendments thereto and all current related trust documents, material insurance contracts or other funding vehicles and all material correspondence to or from any Governmental Entity received in the last year with respect to any Assumed Business Employee Plan or for which a Liability remains outstanding.

  • From and after the Closing, Purchaser shall honor all Assumed Business Employee Plans in accordance with their terms as in effect immediately prior to the Closing and with applicable Law.


More Definitions of Business Employee Plans

Business Employee Plans means the bonus, deferred compensation, incentive compensation, stock purchase, stock option, stock ownership, employment or consulting, severance pay or benefit, retention, change in control, savings, medical, life or other insurance, vacation, welfare benefit, fringe benefit, cafeteria, profit-sharing or pension benefit plan, program, agreement, arrangement and contract, including executive arrangements and “employee benefit plans” as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder (“ERISA”) (each, an “Employee Plan”), which is sponsored or maintained by any Seller or any of their respective Affiliates or under which Sellers or any of their respective Affiliates is obligated to make contributions and, in each case, for the benefit of Business Employees or with respect to which any Transferred Company has any liability or contingent liability. Holdco has made available to Purchaser a copy or a summary of the material terms of each Business Employee Plan and, if applicable, the ERISA summary plan description thereof. None of the Transferred Companies sponsors or maintains any Employee Plans. Notwithstanding the foregoing, Section 3.16(b) of the Seller Disclosure Letter sets forth a true and complete list of the Business Employee Plans that will transfer to any of the Transferred Companies or Purchaser as a matter of Applicable Law as a result of the transactions contemplated hereby.
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Business Employee Plans means (i) all "employee benefit plans," as defined in section 3(3) of ERISA, and all other employee benefit arrangements or payroll practices, including, without limitation, bonus plans, employment, consulting or other compensation agreements, incentive, equity or equity-based compensation, or deferred compensation arrangements, change in control, termination or severance plans or arrangements, stock purchase, severance pay, sick leave, vacation pay, salary continuation for disability, hospitalization, medical insurance, life insurance and scholarship plans and programs maintained, contributed to or sponsored by the Company or any ERISA Affiliate for the benefit of Business Employees, and (ii) all "employee pension plans," as defined in section 3(2) of ERISA, subject to Title IV of ERISA or section 412 of the Code, maintained, contributed to or sponsored by Company or any ERISA Affiliate for the benefit of Business Employees.
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Business Employee Plans shall have the meaning set forth in Section 4.19 of this Agreement.
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Related to Business Employee Plans

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

  • Seller Employee Plan means any plan, program, policy, practice, Contract 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, unwritten or otherwise, funded or unfunded, including each “employee benefit plan,” within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Employee Plans has the meaning set forth in Section 3.14(b).

  • 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;

  • Company Plans has the meaning set forth in Section 4.10(a).

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

  • Business Employees has the meaning set forth in Section 4.10(a).

  • 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 and subject to 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 Plans has the meaning set forth in Section 3.16(a).

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, 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 maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Employee Plan means each "employee benefit plan," as such term is defined in Section 3(3) of ERISA, that (A)(i) is subject to any provision of ERISA and (ii) is maintained or contributed to by the Company, or (B)(i) is subject to any provision of Title IV of ERISA and (ii) is maintained or contributed to by any of the Company's ERISA Affiliates.

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

  • 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.

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller or any ERISA Affiliate.

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

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

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • ERISA Plans has the meaning set forth in Section 3.1(n)(1).

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

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

  • 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.