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.
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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.
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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.
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Examples of Employee Benefit Agreement in a sentence

  • All contributions, premiums and expenses to or in respect of each Canadian Company Employee Benefit Plan and each Company Employee Benefit Agreement have been paid in full even though not otherwise required to be paid until a later date or has made full and adequate disclosure of and provision for those contributions and premiums in the Books and Records.

  • 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.

  • Op. at 43–44.Having reviewed AT&T’s alleged admission in its letter, we conclude that that letter does not refer to the 1994 plan at all.43 Rather, the letter refers to the Employee Benefit Agreement and the Adjustment Plan – separate documents that were created when AT&T spun off Wireless.44 AT&T’s spin off of Wireless preserved all AT&T’s options holders’ rights by issuing options to acquire the new Wireless stock.

  • 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.

  • Naturally, the auction would end when the participants’ true valuations of the spectrum blocks were reached.

  • 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.

  • Gardner and Frantz include $557,173 and $478,514, respectively, paid by Alltel for performance under Alltel’s 2004-2006 Long-Term Incentive Plan, per the Employee Benefit Agreement with Alltel.

  • 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.

  • RESOLUTION #106-09The following Resolution was presented by Councilman Shea, seconded by Councilwoman Scuccimarra and unanimously carried; RESOLVED, that Supervisor Mazzuca is hereby authorized to sign the CSEA Employee Benefit Agreement.

  • 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.
Sample 1

Related to Employee Benefit Agreement

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Employee Benefits Agreement means the Employee Benefits Agreement by and between Parent and SpinCo, which agreement shall be entered into prior to or on the Distribution Date in the form attached hereto as Exhibit A.

  • Employee Benefit Plan means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates.

  • Foreign Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Company, any of its respective Subsidiaries or any members of its Controlled Group and is not covered by ERISA pursuant to ERISA Section 4(b)(4).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Employee Benefits means the provision of any benefit other than pension and retirement benefits provided to spouses of employees or provided to an employee on account of the employee's having a spouse, including but not limited to bereavement leave; disability, life, and other types of insurance; family medical leave; health benefits; membership or membership discounts; moving expenses; vacation; travel benefits; and any other benefits given to employees, provided that it does not include benefits to the extent that the application of the requirements of this chapter to such benefits may be preempted by federal or state law.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m)(i).

  • Health benefits plan means a benefits plan which pays or

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).