Code Affiliate definition

Code Affiliate means each Person which together with the Company or any of its Subsidiaries is treated as a "single employer" under subsection (b), (c), (m) or (o) of section 414 of the Code.

Code Affiliate or "Code Affiliates" means, with respect to any person, or any trade or business (whether or not incorporated) which is a member of a controlled group or which is under common control with such person within the meaning of Section 414 of the Code.

Code Affiliate or "CODE AFFILIATES" means, with respect to any person, or any trade or business (whether or not incorporated) which is a member of a controlled group or which is under common control with such person within the meaning of Section 414 of the Code.

Examples of Code Affiliate in a sentence

• Options may be granted to persons who are, at the time of grant, employees, officers, directors, consultants or other service providers of the Company or any parent or subsidiary of the Company as defined in Sections 424(e) and 424(f) of the Code ("Affiliate"), provided that Incentive Stock Options may only be granted to individuals who are employees (within the meaning of Section 3401(c) of the Code) of the Company or any Affiliate.

• The BN Pension Plan shall provide that service with the Company shall be taken into account for purposes of eligibility, vesting and early retirement subsidies for any person who becomes employed by BN or a Code Affiliate of BN by virtue of a direct transfer of employment from the Company.

• The BN Pension Plan shall provide that in the event that any person becomes employed by the Company by virtue of a direct transfer of employment from BN or a Code Affiliate of BN, the accrued benefit of such person under the BN Pension Plan through the date of such transfer shall be calculated by taking into account increases in such person's age and compensation paid from the Company after the date of such direct transfer of employment.

• Except for premiums paid to the PBGC, neither the Company nor any Code Affiliate has incurred or reasonably expects to incur any liability under Section 4062 or 4063 of ERISA to the PBGC, or any trustee appointed under Section 4042 of ERISA.

• As of the Closing Date, neither the Transferor nor the Company has any liability or obligations with respect to any plan maintained by a Code Affiliate which is subject to Title IV of ERISA, other than with respect to the BN Pension Plan (as defined in Section 5.9 (b)(ii)(A)).

More Definitions of Code Affiliate

Code Affiliate means each trade or business (whether or not incorporated) which together with any Borrower is treated as a "single employer" under subsection (b), (c), (m) or (o) of Section 414 of the Code.

Code Affiliate means each trade or business (whether or not incorporated) which together with the Company is treated as a "single employer" under subsection (b), (c), (m), (n) or (o) of section 414 of the Code.

Code Affiliate means any Person which could be treated as a single employer along with the Transferor or the Company under Section 414(b) or (c) of the Code.

Code Affiliate has the meaning set forth in Section 6.8(b) of this Agreement.

Code Affiliate is defined in Section 10.1(b).

Code Affiliate means any entity which has ever been considered a single employer with Seller under Section 414(b), (c), (m) or (o) of the Code or any comparable provision of Canadian law.

Code Affiliate means each Person which together with the Company or any of its Subsidiaries is treated as a "single employer" under subsection (b), (c), (m), (n) or (o) of section 414 of the Code.