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

  • Except as set forth in the Transition Services Agreement, Seller and its Affiliates shall retain sponsorship of, shall remain solely responsible for and shall retain all liabilities, obligations and commitments under, the Business Employee Plans, whether arising before, on or after the Closing Date other than as specifically provided in this Article 9.

  • Except as set forth in the Transition Services Agreement, Buyer shall not, and from and after the Closing Date the Sold Entities shall not, except to the extent provided herein, assume sponsorship of, contribute to or maintain, or have any responsibility, liability, obligation or commitment with respect to, the Business Employee Plans.

  • After the Closing Date, but subject to the express provisions of Annex B, Purchaser shall cause MONY to continue to maintain the Business Employee Plans listed on Section 5.9(a) of the Seller Disclosure Letter (the “Section 5.9 Plans”) in accordance with their terms.

  • After giving effect to this Agreement (including Annex B), the only Business Employee Plans that MONY shall be required to maintain are the Section 5.9 Plans and the Split-Dollar Plan.

  • The Seller maintains, and at all times during the past 5 (five) years has maintained, in full force and effect, certificates of insurance, binders and policies of such types and in such amounts and for such risks, casualties and contingencies as is reasonably adequate to fully insure the Seller against insurable losses, damages, claims and risks to or in connection with their businesses, properties, assets and operations, including policies related to the funding of the Business Employee Plans.

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

  • Except as set forth in Section 3.13(f) of the Seller Disclosure Letter, no amounts payable under the Business Employee Plans or otherwise to a Business Employee that would otherwise be deductible by MONY will fail to be deductible for federal income tax purposes by virtue of Section 280G of the Code or subject to excise Taxes pursuant to Section 4999 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.

  • However, the employee must furnish at his own expense suitable clothing, shoes, gloves and winter weather protective clothing in order to perform his job efficiently and safely except as provided in Section 3 (a), (b), (c) and (d) herein.

  • 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.


More Definitions of Business Employee Plans

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 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 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).

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

  • 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 3.13(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 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 an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to.

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

  • Seller Benefit Plans shall have the meaning ascribed thereto in Section 4.11(a) hereof.

  • 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, any Subsidiary 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 shall have the meaning set forth in Section 3.12(a).

  • 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.

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

Most Referenced Clauses

Most Referenced Definitions