Employee Benefit definition

Employee Benefit. Plan shall mean any deferred compensation, pension, profit sharing, stock option, stock purchase, savings, group insurance or retirement plan, and all vacation pay, severance pay, incentive compensation, consulting, bonus and other employee benefit or fringe benefit plans or arrangements maintained by the Company or any ERISA Affiliate (including, without limitation, health insurance, life insurance and other benefit plans maintained for retirees) within the previous six plan years or with respect to which contributions are or were (within such six year period) made or required to be made by the Company or any ERISA Affiliate or with respect to which the Company has any liability.

Employee Benefit means one or more benefits or services provided to:

Employee Benefit means anything of value that an employee may receive from an employer in addition to wages. This term includes, but is not limited to, any health benefits, disability benefits, death benefits, group accidental death and dismemberment benefits, paid days off for holidays, paid sick leave, paid vacation leave, paid personal necessity leave, retirement benefits, and profit‑sharing benefits.

Examples of Employee Benefit in a sentence

• No Employee Benefit Plan provides or promises, or at any time provided or promised, retiree health, life insurance, or other retiree welfare benefits except as may be required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or similar state law.

• Each Employee Benefit Plan is and has been operated in material compliance with its terms and all applicable laws, including but not limited to ERISA and the Code and, to the knowledge of the Company, no event has occurred (including a “reportable event” as such term is defined in Section 4043 of ERISA) and no condition exists that would subject the Company or any ERISA Affiliate to any material tax, fine, lien, penalty or liability imposed by ERISA, the Code or other applicable law.

• The Company reserves the right to amend or cancel any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.

• At no time has the Company or any ERISA Affiliate maintained, sponsored, participated in, contributed to or has or had any liability or obligation in respect of any Employee Benefit Plan subject to Part 3 of Subtitle B of Title I of ERISA, Title IV of ERISA, or Section 412 of the Code or any “multiemployer plan” as defined in Section 3(37) of ERISA or any multiple employer plan for which the Company or any ERISA Affiliate has incurred or could incur liability under Section 4063 or 4064 of ERISA.

• No Fiduciary has any Liability for breach of fiduciary duty or any other failure to act or comply in connection with the administration or investment of the assets of any such Employee Benefit Plan.

More Definitions of Employee Benefit

Employee Benefit. Arrangement shall mean each employee benefit (including, but not limited to, fringe benefits as defined in Section 132 of the Code, and whether or not in writing) that is not salary, a Plan, or an employment or severance agreement.

Employee Benefit means the benefit made available to you by your Employer pursuant to an Employer Contract, whereby, in each pay period, you are able to access, via the Hastee App, a portion of your earned income prior to the day on which you would normally be paid.

Employee Benefit. PLAN shall mean any plan, agreement, arrangement or commitment which is an employee benefit plan, as defined in section 3(3) of ERISA, maintained by the Borrower or any ERISA Affiliate with respect to which the Borrower or any ERISA Affiliate at any relevant time has any liability or obligation to contribute. EQUIPMENT shall mean all present and hereafter acquired machinery, equipment, furnishings and fixtures owned by the Borrower, and all additions, substitutions and replacements thereof, wherever located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto and all proceeds of whatever sort. ERISA shall mean the Employee Retirement Income Security Act or 1974, as amended from time to time and the rules and regulations promulgated thereunder from time to time. ERISA AFFILIATE shall mean, with respect to the Borrower, any entity required to be aggregated with the Borrower under Section 414(b), (c), (m) or (o) of the Code.

Employee Benefit. Plan" --as defined in Section 3.13.

Employee Benefit. PLAN shall mean any "employee benefit plan," as defined under Section 3(3) of ERISA or any other material plan, policy, program, arrangement or agreement, whether or not written, with respect to current employees, former employees, independent contractors or leased employees, or the beneficiaries or dependents thereof, which is or has been maintained by Borrower or a current or past member of its Controlled Group or as to which Borrower or any member of its Controlled Group otherwise has or could have any liability. EMPLOYMENT AGREEMENTS shall mean those certain employment agreements dated as of the Closing Date between Borrower and each of Xxxxx, Xxxxxxx X. Xxxxx and Xxxx X. Xxxxx, as modified from time to time to the extent permitted by this Agreement.

Employee Benefit. PLAN" - any Pension Plan, Welfare Plan and any bonus, severance, deferred compensation, annuity, retirement, stock option, stock purchase, executive compensation, incentive compensation, educational assistance, insurance or other plan or arrangement, whether oral or written, providing benefits to a current or former employee or employees of the Company.

Employee Benefit. PLAN: See Section 3.13.