Employee Benefit Liability definition

Employee Benefit Liability means legal liability which a COVERED PARTY shall become obligated to pay by reason of liability imposed by law for any wrongful act, error or omission of a COVERED PARTY for whose acts the COVERED PARTY is legally liable in the COVERED PARTY’s Employee Benefits Programs as defined herein, caused by an Occurrence during the COVERAGE PERIOD.
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Employee Benefit Liability means any liability or obligation of the -------------------------- Corporation (a) that is an accrued but unpaid monetary obligation to make a contribution under any Employee Benefit Plan, (other than any amount payable or other consideration that is due to any employee or physician as an incentive or inducement to enter into a Physician Services Agreement or employment agreement with Buyer pursuant to Section 6.1(n) hereof); (b) for accrued vacation pay or accrued sick pay; (c) for accrued employee wages payable in the ordinary course of business and payroll taxes with respect thereto; (d) that is due and owing to independent contractors (including physician specialists); or (e) for other employee fringe benefits, including without limitation insurance programs (including COBRA obligations), expense reimbursement obligations, continuing education stipends, and automobile allowances.
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Employee Benefit Liability means any Liability of the Sellers or any of their respective Affiliates (a) that is an accrued but unpaid obligation to make a contribution under any Employee Benefit Plan; (b) that relates in any way to or arises under any Employee Benefit Plan; (c) for accrued vacation pay, accrued sick pay, or other accrued paid time off of any kind; (d) for accrued employee wages and other compensation (including severance) of any kind and payroll Taxes with respect thereto; (e) that is due and owing to any independent contractor (including any physician specialist); or (f) for other employee fringe benefits of any kind, including insurance programs (which include COBRA obligations), expense reimbursement obligations, continuing education stipends, and automobile allowances.
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Examples of Employee Benefit Liability in a sentence

  • Coverage D for Employee Benefit Liability is subject to the per Occurrence LIMITS OF LIABILITY for the COVERAGE PERIOD as set forth in the DECLARATIONS.

  • This item is stated under Employee Benefit Liability in the Balance Sheet.

  • As respects Employee Benefit Liability Coverage only, the definition of Suit means a civil proceeding in which Damages are alleged, because of Employee Benefit Injury to which this coverage applies.

  • Employee Benefit Liability, or any combination thereof, the Association’s liability shall be limited to the Ultimate Net Loss as the result of any one Occurrence or Wrongful Act, not exceeding the limit set forth in Item 5 (1) of the Declarations Page for all covered persons or entities.

  • General Liability coverage is limited to Coverage A (Personal Injury Liability) and Coverage B (Property Damage Liability) only, Coverage’s C (Public Officials Errors and Omissions), D (Unfair Employment Practices), E (Employee Benefit Liability) and F (Educator’s Legal Liability Claims-Made Coverage) are excluded from this provision of coverage.

  • The City’s Consolidated Property & Casualty Insurance Program consists of primary package insurance coverage consists of excess specific coverage for General, Auto, Police / Law Enforcement, Public Official / Employment Practices Liability (EPL), and Employee Benefit Liability (EMT).

  • Employee Benefit Liability – Gratuity The cost of the defined benefit plan and the present value of the pension obligation are determined using actuarial valuations.

  • Limits of Liability available under the Employee Benefit Liability Insurance for future payment of damages; and HDFC ERGO General Insurance Company Limited.

  • Employee Benefit Liability - $1mm $2mm each occ AOS Automobile Liability CA 0907444 03/01/10 National Union Fire Ins.

  • Any impact on Natural Heritage designations would require to be mitigated sufficiently for Scottish Natural Heritage not to maintain an objection to the planning application.


More Definitions of Employee Benefit Liability

Employee Benefit Liability means any liability or obligation of any -------------------------- of the Sellers, or, with respect to periods prior to the Effective Time, PhysiCare or Little Rock PA (a) that is an accrued but unpaid monetary obligation to make a contribution under any Employee Benefit Plan, other than any such obligation that is attributable to the transactions provided for herein; (b) for accrued vacation pay or accrued sick pay; (c) for accrued employee wages payable in the ordinary course of business and payroll taxes with respect thereto; (d) that is due and owing to independent contractors (including physician specialists); or (e) for other employee fringe benefits, including without limitation insurance programs (including COBRA obligations), expense reimbursement obligations, continuing education stipends, and automobile allowances.
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Employee Benefit Liability means liability for sums the insured becomes legally obligated to pay as a result of damages sustained by:
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Related to Employee Benefit Liability

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • 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.

  • BENEFIT LIMIT means the total benefit allowed under this plan for a covered healthcare service. The benefit limit may apply to the amount we pay, the duration, or the number of visits for a covered healthcare service.

  • 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.

  • 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.

  • 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).

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

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • 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.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Pension Plans The meaning specified in Section 4.1(v).

  • 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.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • 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”.

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

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

  • ERISA Plan means an employee benefit plan maintained for employees of any Person or any ERISA Affiliate of such Person subject to Title IV of ERISA (other than a Multiemployer Plan).

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

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Lifetime Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder cumulatively since the inception of these Terms and Benefits, irrespective whether any limits of any benefit items stated in the Benefit Schedule have been reached or whether the Annual Benefit Limit in a Policy Year has been reached.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • ERISA Plans shall have the meaning set forth in Section 3.13(a).

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