Employee Benefit Agreement definition

Employee Benefit Agreement means (a) each employment, deferred compensation, severance, termination, change in control, employee benefit, loan, indemnification, retention, stock repurchase, stock option or similar agreement, commitment or obligation between the Company or any Subsidiary, on the one hand, and any Participant, on the other hand, (b) each agreement between the Company or any Subsidiary, on the one hand, and any Participant, on the other hand, the benefits of which are contingent, or the terms of which are materially altered, upon the occurrence of a transaction involving the Company of the nature contemplated by this Agreement and (c) any trust or insurance contract or other agreement to fund or otherwise secure payment of any compensation or benefit to be provided to any Participant.
Employee Benefit Agreement means each employment, consulting, bonus, incentive, deferred compensation, equity or equity-based compensation, change in control, retention, severance, termination, restrictive covenant or other compensatory Contract between the Company or any of its Subsidiaries and any current or former employee, officer, director or individual service provider of the Company or any of its Subsidiaries, pursuant to which the Company or any of its Subsidiaries has any actual or contingent liability or obligation to provide compensation and/or benefits in consideration for past, present or future services.
Employee Benefit Agreement means each employment, consulting, retention, severance, termination, change in control, bonus or similar agreement or arrangement between Seller and any Target Business Employee, other than (a) any agreement or arrangement mandated by applicable Law and (b) any Employee Benefit Plan.

Examples of Employee Benefit Agreement in a sentence

  • No FPL Group Employee Benefit Plan or FPL Group Employee Benefit Agreement that would be a Nonqualified Deferred Compensation Plan subject to Section 409A of the Code but for the effective date provisions that are applicable to Section 409A of the Code, as set forth in Section 885(d) of the AJCA, has been “materially modified” within the meaning of Section 885(d)(2)(B) of the AJCA after October 3, 2004, based on a good faith, reasonable interpretation of the AJCA and the 409A Authorities.

  • The Company has delivered or made available to the Investor true, complete and correct copies of each Employee Benefit Plan and Employee Benefit Agreement or, in the case of any unwritten arrangement, a written summary thereof that is complete and correct in all material respects.

  • No Employee Benefit Plan or Employee Benefit Agreement covers employees of any Person other than the Company or its Subsidiaries, except to the extent that such employees may be dependents or beneficiaries with respect to any employee of the Company or its Subsidiaries.

  • Landmark and Acquisition Corp shall have performed or complied with all covenants and obligations to be performed or complied with by them under the terms of this Agreement and the Employee Benefit Agreement on or prior to the Closing Date, except where any non-performance or noncompliance would not have a Material Adverse Effect either on Landmark on a consolidated basis or on First Manhattan’s rights under this Agreement.

  • No Employee Benefit Plan or Employee Benefit Agreement has any unfunded Liability not accurately reflected on the Financial Statements.

  • Nothing in this Section 9.2 shall constitute an amendment or modification to any Employee Benefit Plan, Employee Benefit Agreement or any other benefit or compensation plan, policy, program, agreement or arrangement at any time sponsored or maintained by the Companies, KeyStone or any of their respective Affiliates or as prohibiting or limiting the ability of KeyStone to amend, modify or terminate any plans, programs, policies, arrangements, agreements or understandings of the Companies or KeyStone.

  • First Manhattan shall have performed or complied with all of the covenants and obligations to be performed or complied with by it under the terms of this Agreement and the Employee Benefit Agreement on or prior to the Closing Date, except where any non-performance or noncompliance would not have a Material Adverse Effect either on First Manhattan on a consolidated basis or on Landmark’s rights under this Agreement.

  • Seller has heretofore made available to Buyer a true and complete copy, or a representative form of agreement (in the case of non-U.S. employment agreements), as of the date of this Agreement, of each Employee Benefit Agreement, other than any Employee Benefit Agreements that Seller is prohibited from making available to Buyer as the result of Laws relating to the safeguarding of data privacy, all of which prohibitions are set forth in Section 3(q)(ii) of the Disclosure Schedule.

  • This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, both written and oral, among the parties hereto with respect to the subject matter hereof, including the Employee Benefit Agreement between the parties hereto dated June 30, 1998.

  • The individual Employer hereby accepts, and agrees to be bound by, the Restated Employee Benefit Agreement and Trust.


More Definitions of Employee Benefit Agreement

Employee Benefit Agreement means each employment, bonus, incentive, deferred compensation, equity or equity-based compensation, Change of Control, retention, severance, termination, or other compensatory Contract between Firestorm Solutions or Firestorm Franchising, as applicable, on the one hand, and any current or former employee, officer, or manager of Firestorm Solutions or Firestorm Franchising, as applicable, pursuant to which Firestorm Solutions or Firestorm Franchising, as applicable, has any actual [or contingent liability] or obligation to provide compensation and/or benefits in consideration for past, present or future services.