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 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 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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Examples of Employee Benefit Liability in a sentence

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

  • Other Long-term Employee Benefit Liability for Compensated Absences is provided on the basis of valuation, as at the Balance Sheet date, carried out by an independent actuary.

  • The Committee reviewed the levels of the WCF, the CF and the Employee Benefit Liability fund (“EBL”).

  • 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).

  • Any liability for Bodily Injury, Personal Injury, Property Damage, Automobile Liability, Employment Practices, Employee Benefit Liability, or Land Use Practices Liability.

  • 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.

  • Any liability for Bodily Injury, Personal Injury, Property Damage, Automobile Liability, Public Officials Errors and Omissions, Employee Benefit Liability, or Land Use Practices Liability.

  • Any liability for Public Officials Errors or Omissions, Employment Practices, Employee Benefit Liability, or Land Use Practices Liability.

  • It is an offence that I hope we were not guilty of when we were in government, but it does strike me as a very odd way to proceed in what are relatively minor matters—not unimportant matters but relatively minor matters—in terms of breaches of the law.

  • Employee Benefit Liability Combined Aggregate: The Public Officials Errors and Omissions Liability and Employee Benefit Liability Aggregate limit of this Coverage Document is the most the Association will pay for all Ultimate Net Loss because of Public Officials Errors and Omissions and Employee Benefit Liability for all Wrongful Acts during the Coverage Period set forth in the Declarations Page.


More Definitions of Employee Benefit Liability

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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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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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 ERISA Plan at any time, the amount (if any) by which (i) the present value of all accrued benefits calculated on an accumulated benefit obligation basis and based upon the actuarial assumptions used for accounting purposes (i.e., those determined in accordance with FASB statement No. 35 and used in preparing the ERISA Plan’s financial statements) exceeds (ii) the fair market value of all ERISA Plan assets allocable to such benefits, determined as of the then most recent actuarial valuation report for such ERISA Plan.

  • 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 maintained or contributed to by Company, 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 Borrower, any of its Subsidiaries or any of its ERISA Affiliates, but which is not covered by ERISA pursuant to Section 4(b)(4) of ERISA.

  • 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 employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • 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 and subject to 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 any employee pension benefit plan subject to Title IV of ERISA maintained by any ERISA Affiliate with respect to which any Restricted Person has a fixed or contingent liability.

  • 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 has the meaning set forth in Section 3.1(n)(1).

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