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 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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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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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 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 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 legal liability of the Member for which the Member shall become legally obligated to pay as Damages because of any claim made against the Member due to any negligent or willful and wanton act, error or omission of the Member, or any other person for whose acts the Member is legally liable, in the administration of the Member’s Employee Benefits Programs as defined herein.
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Related to Employee Benefit Liability

  • 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.

  • 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.

  • 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”.

  • 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.

  • 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.