DHC Employee definition
Examples of DHC Employee in a sentence
DHC has made available to High Tide correct and complete copies (or, if a plan or arrangement is not written, a written description) of all DHC Employee Plans and amendments thereto.
DHC complies in all material respects with the applicable requirements under ERISA and the Code, including COBRA, HIPAA, and the Affordable Care Act, and other federal requirements for employer-sponsored health plans, and any corresponding requirements under state statutes, with respect to each DHC Employee Plan that is a group health plan within the meaning of Section 733(a) of ERISA, Section 5000(b)(1) of the Code, or such state statute.
No complete or partial termination of any DHC Employee Plan has occurred or is expected to occur.
The parties hereto acknowledge and agree that the terms set forth in this Section 5.08 shall not create any right in any DHC Employee or any other Person to any continued employment with DHC, High Tide, or any of their respective Subsidiaries (if any) or compensation or benefits of any nature or kind whatsoever, or otherwise alters any existing at-will employment relationship between any DHC Employee and DHC.
DHC has withheld and timely paid each material Tax required to have been withheld and paid in connection with amounts paid or owing to any DHC Employee, creditor, customer, stockholder, or other party (including, without limitation, withholding of Taxes pursuant to Sections 1441 and 1442 of the Code or similar provisions under any state, local, and foreign Laws), and materially complied with all information reporting and backup withholding provisions of applicable Law.
Each DHC Employee Plan that is subject to Section 409A of the Code has been operated in compliance with such section and all applicable regulatory guidance (including, without limitation, proposed regulations, notices, rulings, and final regulations).
This Section 5.08 shall be binding upon and inure solely to the benefit of each of the parties to this Agreement, and nothing in this Section 5.08, express or implied, shall confer upon any DHC Employee, any beneficiary, or any other Person any rights or remedies of any nature whatsoever under or by reason of this Section 5.08.
No amount that could be received (whether in cash or property or the vesting of any property) as a result of the consummation of the transactions contemplated by this Agreement by any employee, manager, or other service provider of DHC under any DHC Employee Plan or otherwise would not be deductible by reason of Section 280G of the Code nor would be subject to an excise tax under Section 4999 of the Code.