Employee Benefit Funds definition

Employee Benefit Funds means existing benefits including provident fund, gratuity fund and superannuation fund, trusts, retirement fund or benefits and any other funds or benefits created for employees;
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Employee Benefit Funds means the existing benefits including provident fund, gratuity fund, pension fund, superannuation fund, trusts, retirement fund or benefits and any other funds created or existing for the benefit of the employees;
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Employee Benefit Funds means the existing provident fund, gratuity fund and pension and/or superannuation fund or trusts or retirement funds or benefits created by the Transferor Company or any other special funds created or existing for the benefit of the concerned permanent employees of the Transferor Company;
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Examples of Employee Benefit Funds in a sentence

  • Employee Benefit Funds Administration Ltd., the company charged by the Trustees to do the Fund’s administrative work.

  • Furthermore, from time to time, the Asset Management Company, the Custodian, the Registrar, any Associate, any Distributor, Dealer, any Company, Corporate Bodies, Trusts, any Retirement and Employee Benefit Funds or any Associate or otherwise, any scheme / mutual fund managed by the Asset Management Company or by any other Asset Management Company may invest in the Scheme.

  • Fringe Benefits – All Employers party to this Agreement shall be subject to an audit by the Trustees of the Employee Benefit Funds to verify that all contributions required to be paid under the terms of this Agreement have been made to the respective funds.

  • Being solely responsible for all associated expenses like fuel and maintenance expenses and statutory dues such as Sales Tax, Income Tax, VAT, GST, Excise duties, payment to Employee Benefit Funds, etc., arising out of the Agreement and the Authorityshall not be liable for the same under any circumstances.

  • The Payment Bond shall cover payment to laborers and mechanics, including payments to Employee Benefit Funds, and payments to subcontractors, material suppliers, and persons who shall supply such person or persons, or subcontractors with materials and supplies.

  • The Other Employee Benefit Funds account for various health, long-term disability, and death benefits for employees and retirees.

  • Depository Credit Intermediation, Activities Related to Credit Intermediation, Securities and Commodity Contracts Intermediation and Brokerage, Securities and Commodity Exchanges, Other Financial Investment Activities, Insurance Carriers, Agencies, Brokerages and Other Insurance Related Activities, Insurance and Employee Benefit Funds, Other Investment Pools and Funds, and Mortgage and Non- Mortgage Loan Brokers.

  • The Employee Benefit Funds shall, subject to the necessary approvals and permissions and at the discretion of the Applicant Company, either be continued as separate funds of the Applicant Company for the benefit of the employees of the respective Demerged Undertakings or be transferred to and merged with other similar funds of the Applicant Company.

  • Note 3 - Deposits and Investments (Continued)Notes to Financial StatementsJune 30, 2018 The General Retirement System, the Police and Fire Retirement System, and the Other Employee Benefit Funds are managed by the Retirement System of the City of Detroit (the “Systems” or “Pension System”).

  • Depository Credit Intermediation, Activities Related to Credit Intermediation, Securities and Commodity Contracts Intermediation and Brokerage, Securities and Commodity Exchanges, Other Financial Investment Activities, Insurance Carriers, Agencies, Brokerages and Other Insurance Related Activities, Insurance and Employee Benefit Funds, and Mortgage and Non-Mortgage Loan Brokers, and Other Investment Pools and Funds.


More Definitions of Employee Benefit Funds

Employee Benefit Funds means the contributions made and/or liabilities reserved by the Transferor for the Transferred Employees under the Payment of Gratuity Act, 1972, the Employees Provident Fund Miscellaneous Provisions Act, 1952 and compensated absences (liabilities for leave encashment);
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Employee Benefit Funds shall have the meaning assigned to it in Clause 22(b);
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Related to Employee Benefit Funds

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

  • 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.

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

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

  • 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.

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

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

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • 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.

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

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • 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.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

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

  • 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.

  • 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.

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

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Continuing care retirement community means a residential