Examples of Company Welfare Plans in a sentence
Executive will not participate in any other Company Welfare Plans.
During the term of Executive's employment with the Company, Executive and his family shall be eligible for participation in, and shall receive all benefits under, welfare benefit plans, practices, policies and programs applicable generally to other executives of the Company ("Welfare Plans").
As of the Closing Date and for the preceding three years, neither the Company nor any ERISA Affiliate has sponsored, maintained, contributed to, or has had any obligation under any Employee Benefit Plan, other than the Company Welfare Plans.
Crane NXT, Co. and Crane Company hereto agree to reimburse the other Party, within sixty (60) days of receipt from the other Party of reasonable verification, for all costs and expenses which the other Party may incur on its behalf as a result of any of the respective Crane NXT, Co. and Crane Company Welfare Plans, Pension Plans, Savings Plans and Benefit Arrangements and, as contemplated by Section 10.2, any termination or severance payments or benefits.
As of the Effective Time, A&S Employees shall cease to participate in the employee welfare benefit plans (as such term in defined in ERISA) maintained or sponsored by the Company (the "Company Welfare Plans") and shall commence to participate in welfare benefit plans of A&S (the "A&S Welfare Plans").