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

  • 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.

  • 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • From and after the Closing, each member of the Alkali Group shall, and Purchaser shall cause such members of the Alkali Group to, (i) honor all Business Employee Plans in all material respects in accordance with their terms as in effect as of the date hereof and (ii) comply with any additional obligations or standards arising under applicable Laws or agreements governing the terms and conditions of the Transferred Employees’ employment or severance of employment in connection with the Sale or otherwise.

  • No amounts payable under the Business Employee Plans will fail to be deductible for federal income tax purposes by virtue of Section 280G of the Code.

  • Full payment has been made of all amounts due under each of the Sellers’ Business Employee Plans and the Applicable Multiemployer Plan and to each person employed or formerly employed by the Business that are required under the terms of the Sellers’ Business Employee Plans and the Applicable Multiemployer Plan, and all obligations regarding the Sellers’ Business Employee Plan or Applicable Multiemployer Plan required to be satisfied prior to the date hereof have been satisfied.


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).

  • 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 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 shall have the meaning set forth in Section 3.14(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 has the meaning set forth in Section 4.8(a).

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

  • 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 that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • 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 3.13(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.